Probability plc ("Probability" or "the Company")
Contract win from global major in gambling technology
Probability plc (PBTY.L) is pleased to announce that it's wholly owned
subsidiary, Playyoo SA, has entered into a supply agreement (the
"Agreement") with Lottomatica Scommesse, part a wholly owned subsidiary
of Lottomatica Group S.p.A (LTO.MI) one of the world's largest gambling
technology and operating businesses ("Lottomatica").
Under the terms of the Agreement, Probability will supply its hosted
mobile casino and slots games for the regulated Italian market under the
"Vegas Club" brand owned by Lottomatica Italia Scommesse. The Agreement,
which is non-exclusive for both parties, is initially for two years and
renewable by mutual agreement.
The mobile gambling games will be hosted and maintained by Probability
using the Company's software platform and regulatory infrastructure for
The games will be compatible with Apple, Android and recent Blackberry
smartphones and tablets. Probability's proprietary technology will be
used to ensure continued compatibility with new devices entering the
Initially, the game titles on offer will come from the existing
Probability portfolio and Probability will retain the full ownership of
the intellectual property in these titles. There is an option for
Lottomatica to commission exclusive new content from Probability during
the Agreement, a service which Probability has recently started offering
its corporate clients.
The gaming engine will be Probability's although the gambling
transactions will take place under Lottomatica's Italian gambling
licence. Customers using the new mobile service will be recruited and
managed by Lottomatica.
Probability CEO Charles Cohen commented: "We are delighted to
have the opportunity to work with Lottomatica in Italy as their mobile
"Now that slots are permitted in Italy, all the major operators realise
the need to establish their brands urgently with mobile customers and
offer as wide a range of games as possible on the widest choice of devices."
For further information please contact:
Probability plc Charles Cohen (CEO) +44 (0)207 092 8801
David Bick (Square1 Consulting) +44 (0)20 7929 5599
Numis Securities Limited +44(0) 20 7260 1000 Richard Thomas, Nominated
Probability plc: Twitter @probabilityplc http://www.probability.co.uk
Lottomatica Group: http://www.lottomaticagroup.com/eng/index.html
-0- Jan/11/2013 07:00 GMT
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