Mobile gambling provider and operator Probability has reported strong trading across all areas of its business for Q3 2011, as well as commenting on prospects for future growth, including in the US.
Net gaming revenue increased 27 per cent to £1,877,000 for the three months from October 1 to December 31, 2011, and the share of deposits coming from iPhone, Android and other Touch device users in this quarter increased again, to 55 per cent.
The company has made strong progress in B2B this quarter and is "already engaged in early stage discussions with several parties in the US" to explore its options. "We have noted with interest recent developments in the US," said Charles Cohen, Probability CEO. "The Department of Justice has effectively given individual states the ability to determine their own regulations within their own borders."
He continued: "This is a perfect scenario for mobile gambling because mobile is the only platform where the location of the user can be assured with any degree of certainty at the time they place their bets. Over 109,000,000 Americans are already using apps on smart phones which are capable of running our games.
"Probability has never taken wagers from US players and has always maintained a clean sheet as a responsible regulated operator generally. Without prior misdemeanours, we expect entry to the emerging US e-gaming and e-lottery market to be a realistic opportunity for us," added Cohen.
The company is close to activating its service in Mexico with Caliente which it anticipates going live early in the final quarter of this financial year. However, it is still on hold in respect of Italy as the Italian regulator (AAMS) has yet to authorise the offering of slots games and has no fixed timetable for making a decision.
