Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Glu Mobile Unveils Real-Money Gambling Offering With Probability; Stock Surges

RELATED NEWS
Trade GLUU now with 
3/12/2013 8:46 AM ET

Glu Mobile Inc. (GLUU: Quote), a developer and publisher of freemium games for smartphone and tablet devices, announced the availability of its first real-money mobile gambling offering through Probability Plc. (PBTY.L), the mobile entertainment gambling provider.

The mobile slot game features intellectual property from Glu's Samurai vs. Zombies Defense and is made available to mobile real-money gamers in the UK through Probability's distribution network.

"We are pleased to expand our mobile portfolio to include real-money gambling. We anticipate that real-money gambling will continue to gain momentum globally and believe that with this offering, Glu is well positioned to capitalize to the extent that additional markets adjust regulations," said Niccolo de Masi, Chief Executive Officer of Glu Mobile.

Glu Mobile said that the company and Probability entered into a strategic relationship for real-money gambling in 2012 and plan to offer additional Glu-branded mobile gambling games. Glu original IP-branded casino games will be offered as part of the Probability portfolio and will be offered to a broad range of Probability's partners such as Paddy Power, William Hill, and Probability's white label partners.

GLUU closed Monday's trading at $2.42. In Tuesday's pre-market trading, the company's shares are up $0.48 or 19.83 percent to $2.90.

Register
To receive FREE breaking news email alerts for GLU MOBILE INC. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.