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Mobile Casino Software Developer Probability Reports Solid Q1 Growth

Apr 22, 2011

Mobile casino software company grows
Mobile casino growth

Mobile casino gambling sector is definitely on the rise and the latest financial report from Probability once again proves it.

World renowned mobile casino software company, Probability, published its financial year results which showed a dramatic sixty percent increase in total net gaming revenues, just over five million British pounds.

The mobile casino gambling company had great news across the board:

• Net gaming revenues Q1 2011 – GBP 1,126,543
• Net gaming revenue annual increase – over 45 percent
• Monthly fixed operating costs annual decrease – 16 percent
• 49,506 new customers registered Q1 2001 taking total number to 248,667
• 37 percent of in-game deposits arriving from iPhone and Android casinos users in March, compared to 27 percent in December.

Charles Cohen, CEO of Probability told shareholders: “Since the start of March, we have experienced a strong upswing in customer activity both in terms of utilization and new customer registrations across all networks and to our player base of over 400 000 customers.”

“This momentum has continued into April. Average daily net gaming revenues in the first half of April of 2009 was approximately 22 percent higher than the equivalent daily average across the whole of January of 2009. New customer acquisitions were twelve percent higher on the same basis,” Mr. Cohen added.

The CEO concluded by saying that “Most encouragingly, the average total deposits per cash player per day was 83 percent higher in the first half of April of 2009 than the equivalent figure for the whole of January of 2009.”

Probability have also moved their headquarters from Alderney to Gibraltar as well as apply for licenses from Italian gambling regulators.

Cohen also made a revelation that Probability will “shortly be launching a new bingo product which will be the first ever to be made available for all types of mobile device, including iPhones, iPods and Android operating systems as well as more traditional feature phones.”

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