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UK Mobile Gambling Company Looking to USA

01/16/2012 : Probability plc already talking to potential US partners
 
The reversal of the US Department of Justice's interpretation of illegal gambling under the Wire Act has encouraged the UK mobile gambling technology firm Probability plc to look across the Atlantic for  potential partners, a statement from the company announced Monday.
 
Chief executive Charles Cohen said that his company was already exploring possibilities with several potential US associates.
 
“We are very excited by the prospect of individual states opening their local markets and already it seems that several are making plans to do just that,” said Cohen.
 
"This is a perfect scenario for mobile gambling because mobile is the only platform where the location of the user can be assured with any degree of certainty at the time they place their bets. Over 109,000,000 Americans are already using apps on smartphones which are capable of running our games”.
 
"We intend to actively pursue this opportunity and are already engaged in early stage discussions with several parties in the US to explore our options," he said, adding that current trading was strong in the last three months of 2011, with record player deposits on Christmas Eve.
 
Net Gaming Revenue at Probability rose 27 percent to GBP 1.88 million over October and December compared to the same period last year, with total money deposited by customers into their gaming accounts 48 percent higher. 
 
There was a 55 percent increase in the share of deposits coming from iPhone, Android and other Touch device users in the quarter.
 
“We are clearly seeing the benefits now of our increased and sustained investment in television advertising to attract new players," said Cohen. "Yields per player have continued to increase, due to continued product investment and our market leading CRM capability. Net gaming revenues were not just better compared to last year; they were also 10 percent above July to September this year.”
 
Probability is considering an increase its TV advertising, though says because of the six-month payback time from a TV campaign this would affect profitability in the short-term.
 
The US is part of Probability's ambitious expansion strategies and follows the imminent activation of its Caliente partnership service in Mexico, and application to the Italian regulator for licensing.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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