Probability Reports Improved Net Revenues
By Staff
UK mobile technology specialist Probability has released its latest half yearly results showing a significant improvement in net gaming revenues from last year.

Over the last few months the London-based firm has signed white label partnership deals with respected companies such as Orange, Rank and the Sun newspaper with these agreements helping its net gaming revenues increase to $2.2 million from last year’s $1.23 million.

The company posted an operating loss of $1.26 million for the period but stated that this is much improved on last year’s $4.24 million, helped by over 24,000 new customer signups.

“As a vertically integrated operator with our own technology platform, brand and fixed overheads we are able to take full advantage of the expanding opportunity of mobile gambling,” said Charles Cohen, Chief Executive Officer for Probability

“Even before factoring in deals such as Blue Square, the Sun and Orange, we are confident of delivering growth in line with expectations for the full year and beyond.”

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