News
Probability rakes it in
Stuart O'Brien Oct 26 2007, 1:42pm
Mobile gambling specialist's revenues up 34 per cent to £675,413 in Q207.
In addition to growth in player numbers, Probability attributes the performance to the introduction in July of an invitation-only VIP area for mobile Casino customers.
The company says net gaming revenues of over £20,000 per VIP are not unusual in this area, with an average to date of £1,500 across all VIPs. Retention of these higher spending customers is currently greater than non-VIPs.
AIM-listed Probability registered 29,914 new customers during the quarter, up 15 per cent to 228,902.
The company's cash reserves sat at £1.1 million as of September 30th 2007, with a maiden operating profit achieved (EBIT) for the month.
