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Net Gaming Revenue Up
Britain's listed mobile gambling provider Probability plc had good news for investors in its trading update this week, which showed that second quarter 2008 net gaming revenues have grown 10 percent despite the traditionally quiet nature of the period.
Financial highlights in the update presented NGR up 10 percent on the same period last year to GBP 1 373 427, with 56 297 new customer signups, half of them during the month of September. Gross margin improved to 73.69 percent (Q1 2008: 69.15)
CEO Charles Cohen pointed to the firm's first roll-out of 3 Network phones containing pre-installed links to Probability's LadyLuck brand (see previous InfoPowa report). The project will see 2 million handsets released over the year.
Mobile advertising relationships have been established with T-Mobile and O2, bringing access to 95 percent of the present UK mobile population, and a new corporate website has been launched to improve communications with shareholders at Probabilityplc.com
The first day of the newly launched Italian Job Racing game saw more than 50 000 virtual car races run.
Cohen said: "In a situation where some of the latest mobile games can cost upwards of GBP7, and there are Lottery scratchcards costing GBP2, the free download of a game such as Bingo! or The Italian Job, with stakes starting from 50p, gives customers fantastic value for money and the chance to win thousands in prizes on their mobile.
"Probability is continuing to build momentum. During the quarter we saw the successful launch of 'King Creole Slots' and 'Italian Job Racing' games under license from Paramount Pictures. We are highly confident in the prospects for our business, and we believe that our strategy for growth as a pure-play mobile gambling service is the right one."
London stockbrokers Collins Stewart said the firm was “in a compelling strategic position” to take advantage of its position as “mobile gaming supply remains limited” and the firm can leverage the distribution and marketing agreements it has with networks such as 3, T-Mobile and O2.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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