Probability plc looks toward US for opportunities

02/12/2012 : MOBILE GAMBLING TECHNOLOGY FIRM APPLIES FOR NEVADA INTERNET POKER LICENCE
 
Probability plc looks toward US for opportunities
 
The UK mobile gambling technology provider Probability plc is looking to the United States for new opportunities, and has applied to Nevada for an online poker licence in anticipation of the possible legalization of online gaming in the US.
 
Chief executive Charles Cohen said the group chose Nevada because he believes it will be the first US state to respond to the trend towards legalization in America and the recent policy switch on internet gambling by the US Department of Justice.
 
The DoJ now feels that the Wire Act applies only to online sports betting, suggesting that other forms of online gambling are ripe for regulation and licensing on either the federal or individual state level.
 
Cohen claims that mobile is the only platform where the location of the user can be assured with any degree of certainty when bets are placed, making it a logical choice for intrastate offerings.
 
Analysts point out that the UK company will likely enter into a partnership with a US entity in order to acquire a licence, a course that Probability recently confirmed it was following (see previous InfoPowa report).
 
The company's directors and management will be subjected to stringent probity checks as part of the licensing procedure, Cohen said.