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Probability’s positive results

Probability, a mobile gaming expert revealed that their net gaming revenues increased by 45.6% to £1.57 million over last year after realising a trading update that covers the first financial quarter.

Probability which is still in the process to get an Italian gambling license also announced that it has launched a trio of white label brands with new commercial partners and also revealed the player deposits that ended in June 30th rose by 82.6% when compared to the same 3 month period of 2010.

Probability also said that the new games and white label products and the way they’re expanding the markets by targeting the smartphone users in the mobile gaming department have made an impact as it continues to experience a steady growth in player acquisition and player deposits over the quarter.

Probability also stated that the iPhone and all Android mobiles made a great impact for June’s income as they totalled to 42% of all the income that Probability earned for the month. Last year, the Android and iPhone devices accounted for 37% of all the income for the same month so Probability also saw an increase in the mobile gaming department. Probability also reported a record of wagers over 1 month and saw a peak of 17 bets every second in the evening of June 29.

Probability also announced that it has made a deal with Grup Caliente, a Mexican casino, racing and bingo operator and the new product is already in the late stages of testing and regulatory approval and will probably be launched sometime in the next quarter.

Charles Cohen, Probability’s Chief Executive Officer stated that “this was a great quarter again for us,” said Charles Cohen, Chief Executive Officer for Probability.

“We grew player deposits and numbers despite this being the Bank Holiday season, launched more ‘white-labels’ and progressed our relationship with Caliente, our first engagement outside Europe.”

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