BUSINESS

Probability announces further share issue

TAGs: mobile gambling, probability, share issue

stock-boardFor a while now everyone in the iGaming industry will have been telling you that mobile devices are the future of the industry. Even if Apple seem loathed to offer live poker on their devices there’s always Android to save the day.

One specialist in the mobile gambling business is Probability plc, who yesterday confirmed that 4.6m ordinary shares were to be issued on London’s AIM market. It’s hoped the money raised from this sale will reach £2.3m helping to fund expansion in the UK and newly regulated European markets.

Priced at 50p each, the shares offer a reduction of 6.5% on the price per share on October 25th and they’re hoping to attract mainly new investors but also looking to existing ones too.

“The new resources will be used to help us accelerate our expansion not just in the UK but internationally as we look to newly regulated markets particularly in Europe, commented Probability CEO Charles Cohen

“We feel more confident than ever now of our ability to harness the mobile internet and smartphone boom for mobile gambling and create significant value for shareholders in the process.”

Gambling on the probability of this market taking off is easy money as far as this company’s concerned.

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