Probability has reported a “solid quarter” in what is a “traditionally seasonally weak” period in the year.
In its trading update for April 1 to June 30, the mobile gambling specialist posted a 44 per cent increase in net gaming revenues to £2.26m, compared to the same quarter last year. Player deposits were also 44 per cent higher than the same period in 2011, indicating a stable operating margin.
"We continue to see growth in our consumer and B2B businesses, with strong demand from players for gambling content designed specifically for mobile,” commented Probability CEO Charles Cohen.
“In particular we are very pleased with the way our TV marketing has scaled and also some initial results from the new Facebook mobile advertising platform.”
After a number of months in review by Apple, Probability’s LadyLuck’s iPhone software was recently accepted into the App Store and although the long-term impact of this on business can't yet be predicted, Cohen added that early signs are good.
