Mobile casino gaming brings revenues up according to Probability

Probability, a renowned software developer for online and mobile casinos, published its financial results, revealing strong performance of mobile sector.

Probability software powers a wide selection  of online and mobile casinos. The company recently moved its operations to Gibraltar, underwent a restructuring and launched a number of new services. All these factors helped achieve impressive financial results.

Here are the key points from the results:

• Net Gaming Revenue increased 14 percent to GBP 5.37 million (FY2010: GBP 4.72 million)
• Cash resources amounted to GBP 2.85 million at March 31 2011 (March 31 2010: GBP 1.64 million)
• 175,000 new mobile customer registrations
• iPhone and Android customers accounted for 37 percent of in-game deposits in March 2011

Mobile casino services have only been launched in August 2010, yet already represent a significant portion of the business. Charles Cohen , CEO of Probability, commented: “Combined with additional margin improvements in our trading activity, our business model is stronger than ever. With consumer appetite for smartphones and mobile services seemingly insatiable, the sun is shining for us.”

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