MOBILE GAMES PROVIDER JOINS LONDON STOCK EXCHANGE
(376) (2-September-2006)
GBP 4.1 million raised in AIM placing
Mobile gambling technology company Probability Games was successfully
floated on the AIM section of the London Stock Exchange this week - the
first mobile gaming operator to do so.
The company started trading on 24 August following the placement of
ordinary shares at a price of 76p per share. This placing raised GBP
4.1million (US$7.8 million) before expenses, an endorsem,ent of the company
which operates casino, bingo and lottery games and payment services for
mobile phones. It offers minimum stakes of ten pence, and aims to appeal
to casual gamblers.
London based Probability Plc was founded in 2003 by dot com entrepreneurs
Charles Cohen and John Scaife . It was backed initially by one of the
UK's leading investors and went live in 2004. The service has proved
commercially successful with over 20 million wagers taken to date. This
public acclaim has been recognised with the winning of the E-Gaming Review "Mobile
operator of the year" award in 2005.
Probability Plc was also the first mobile operator to be awarded a mobile
gambling license from Alderney earlier this year. |
