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INCREASE IN MOBILE GOOD FOR PROBABILITY RESULTS

Wednesday August 10, 2011 : iPhone and Android services represent 40 percent of the business – having only been launched fully in August 2010.
 
Mobile gambling and live online casino provider Probability plc reported its audited results for the year ended March 31, 2011 this week.
 
The company's fiscal year saw it moving its operations to Gibraltar, a company restructure and the launch of new services which its significant revenue growth in the second half has been attributed to.
 
 
Key points include:
 
-  Net Gaming Revenue up 14 percent to GBP 5.37 million (FY2010: GBP 4.72 million).
 
-  NGR was 45.3 percent higher in Q4/2011 compared to Q4/2010
 
-  The overall loss for the year was GBP 1.1 million (before tax) after fully expensing one-off items which included the move to Gibraltar and consequent restructuring (GBP 700,000).
 
-  Cash resources were GBP 2.85 million at March 31 2011 (March 31 2010: GBP 1.64 million)
 
-  In October 2010 the Company raised GBP 2.3 million (after expenses) through a placing of new ordinary shares, in order to fund further expansion.
 
-  The company's core customer offering grew rapidly, boosted by the introduction of new games for iPhone and Android users in the second half.
 
 
Core Business Highlights include:
 
-  175 000 new mobile customer registrations.
 
-  Increased spend per player: average deposits per depositor in the year to March 31 2011 were 54 percent higher than in the year to March 2010, due to improved real-time mobile CRM and an enhanced game portfolio.
 
-  Total cash wagers of GBP 116 million in the year to March 31 2011 were 25 percent higher than in the year to March 2010.
 
-  iPhone and Android customers represented 37 percent of in-game deposits in March 2011.
 
 
Current Trading Update:
 
-  Strong trading in the company's new fiscal year with July 2011 delivering record revenues exceeding GBP 1 million in cash deposits from players for the first time.
 
Charles Cohen, CEO, Probability plc commented on the results:
 
“Combined with additional margin improvements in our trading activity, our business model is stronger than ever. With consumer appetite for smartphones and mobile services seemingly insatiable, the sun is shining for us.
 
 “With trading in the new financial year already looking very strong, with new product launches planned for this year and increased interest in our B2B offering, we have every confidence that we can turn our first mover advantage into a serious and sustainable market position in regulated markets globally.”

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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