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Probability

  • BY: Andrew Hore |
  • POSTED: 09/07/2008 |

Probability continues to grow its number of registered customers.

In the quarter to June 2008 Probability added 75,225 registered customers taking the total to 414,430. Net gaming revenues only edged up 7.5% quarter-on-quarter to £1.25m. that is still a record.

The shares rose 1p to 53.5p, valuing probability at £11.6m. Probability had net cash of around £3m at the end of June 2008.

Probability says it is gaining from people who used to play lottery scratchcards and pub fruit machines. It expects to start generating revenues from new games based on film titles licensed from Paramount before the end of the current quarter. The films are King Creole, Grease and the original version of The Italian Job. It will also continue to benefit from the link to its games installed on Three mobile phones.

Results for they year to March 2008 will be published later in July. They should show the business moving into profit for the first time.

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