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Probability

  • BY: Andrew Hore |
  • POSTED: 06/10/2011 |

Mobile gaming firm Probability, which is a potential bid target for William Hill, says net gaming revenue for the latest quarter was 38% up on same period last year.

Probability reported net gaming revenue of £1.7m for the three months to September 2011. First half net gaming revenues are 42% ahead at £3.27m.

Money deposited was 61% higher than the same time last year, while the number of active clients was 44% ahead.  There has been a positive response to a TV ad campaign.

Half of the new players signed up were playing with smartphones. The smartphone service was launched in the same period last year.

A new bingo service, which can be accessed via smartphone, was launched during August.

At 63p a share, Probability is valued at £17m. 

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