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Probability Releases Newest Trading Update

Mobile betting specialty firm Probability plc has released its latest trading update for the period October 1st through December 31st, 2012, noting that year on year revenues were up 22.5%.

Highlights in Probability's update were:

  • Net Gaming Revenue in the quarter of £2.29 million, a year-on-year increase of 22.5% (Q3 FY11/12: £1.88 million).

  • Deposits from players in the period were up 12% on the same quarter last year and December 2012 proved to be a record month for deposits from B2C customers in the UK .

  • Registrations of B2C customers in the quarter were 35% higher than the same quarter last year, reflecting the Company's increase in marketing investment in the UK market during the period.

  • B2B contributions showed strong growth with Italian B2B customer’s revenues constituting 43% of total B2B income in the quarter.

  • Total B2B revenues were 207% higher than the same period last year.

Commenting on his company's performance Probability CEO Charles Cohen said: “We have maintained the momentum which we developed during the first half of the year. We are achieving positive ROI on our marketing investment in our UK B2C business after around six months and demand from B2B and White Label is strengthening. The contribution from Italy is very encouraging and there are opportunities for even more growth once our slot games are approved under regulations which came into force in December. The agreement we announced in January with Lottomatica further demonstrates our technological leadership in mobile gambling."

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