Probability Cuts Half Yearly Losses
Published: Wednesday, December 05, 2007 Online-Casinos.com
PROBABILITY CUTS HALF YEARLY LOSS
NGR well up on same time last year, but operating loss persists
The last few months have seen the name of UK mobile technology company Probability plc appearing regularly in the business news, with solid white label partnership deals involving respected companies like Orange, Rank Group and The Sun newspaper (see previous Online-Casinos.com/InfoPowa reports)
The upward trend in the firm's fortunes is reflected in its latest half yearly results published this week, which reflect a significant improvement in net gaming revenues from last year's corresponding period, when NGR amounted to GBP 613 000 to this the 2007 numbers of GBP 1.1 million to the end of September.
The company is still showing operating losses, but they are decreasing rapidly and at GBP 624 000 (2006: GBP 2.1 million) and taken with an impressive 24 000 new customer signups there is justification for management's optimism going forward.
Chief executive officer Charles Cohen says: "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. 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."
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
