Bullet Business

Probability, the AIM listed mobile gambling specialist, has indicated that the uptake of the iPhone and the Google Android platforms have shifted consumer expectations of mobile services generally, and significantly improved the prospects for mobile gambling.
 
The company stated the same as it shared key performance indicators for Q3 2009. In its update, Probability also mentioned that the investment programme, which was accelerated during 2009, has now been largely completed.
 
The investment plan, when complete, will enable the company to increase its capacity for creating and releasing new mobile gambling games by approximately 60% across all mass-market consumer devices, including the latest smartphones from Apple and those using the Google Android platform. It will also support multiple languages across the service and integrate with global payment systems including the Entropay system which is widely used by on-line gambling providers in EMEA and South/Central America, and enable the company to integrate more rapidly into a broader range of third party e-gaming platforms to support its business-to-business plans including Orbis, mFuse and Mobenga.
 
For the quarter, covering the October-December 2009 period, Probability’s net gaming revenue was £1,136,525, slightly lower than previous quarter due to higher withdrawals running up to Christmas. NGR during the second quarter was £1,237,114. Also, 47,089 new players registered, slightly less than (48,969) what it managed in the previous quarter. 
 
Probability anticipates that it may become cash generative again as early as the Spring.