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Probability Revenues up Q2-2012
Tuesday October 23,2012 : REVENUES UP AT MOBILE GAMBLING TECHNOLOGY PROVIDER
Probability reports over 35 percent revenue growth in Q2-2012
Mobile gambling technology provider Probability plc issued a trading update Tuesday, advising that net gaming revenue soared 35.3 percent in the period ended September 30 2012, reaching GBP 2.3 million (Q2-2011: GBP 1.7 million).
Deposits from players in the period were 44 percent higher than the same period last year.
Operational highlights of the quarter included:
* iPhone App for "Lady Luck's" has been downloaded over 40,000 times since being introduced in June 2012, and is regularly in the top five downloads in the category in the UK App Store.
* In Italy, the company’s Playyoo subsidiary has launched an iPhone and iPad football betting application for SNAI, to coincide with the opening of the Italian football season. Betting volumes have been higher than expected in this new market.
* The slot game "Long John's Silver" for iOS and Android devices was launched during August, becoming the quickest game to achieve GBP 1 million of total bets, achieved in under two weeks.
* Partnership inked with Nasdaq-listed Glu Mobile to develop mobile gambling games and services based on its popular mobile games.
Commenting on the trading update, Probability CEO Charles Cohen said:
“We are very pleased with the performance this quarter. Our customers did not appear overly distracted by the Olympics, but then we did all spend a lot of time in front of the TV waiting for events to start – a perfect opportunity to have a quick play with our games.
“The Playyoo business which we acquired in the summer is developing well, with existing Italian B2B clients expanding the range of poker games they take from us and new clients showing strong interest in the offering.
“Preparations are on track for our Slots games to be introduced into Italy later this year and we hope to begin the certification process very soon. A small amount of revenue from Playyoo is included in these results for the first time, and we expect this contribution to grow significantly over time.
“In the UK market, our investment in new customer acquisition through TV and other digital media has continued to deliver encouraging results in line with expectations."
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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