Glu Mobile Expands Real-Money Gambling Portfolio with Probability

  • New Contract Killer mobile slots game launches in the UK 

  • Glu and Probability to co-develop White Label, Glu-IP-branded mobile casino suites 

San Francisco, Calif. – May 1, 2013 – Glu Mobile Inc. (GLUU), a leading global developer and publisher of freemium games for smartphone and tablet devices, today announced that the company has expanded its real-money mobile gambling portfolio to include a new Contract Killer mobile slots game and has begun development on Glu-IP-branded mobile casino suites. All products will be created in conjunction with Probability, a leading technology provider to the mobile entertainment gambling industry in the UK. Contract Killer Slots is immediately available to Probability customers in the UK and Glu-IP-branded mobile casino suites are expected to be available by Q3 2013.

“We were pleased with the initial player response to Samurai vs. Zombies Defense Slots and continue to see a significant long-term opportunity in the mobile real-money gambling market,” said Niccolo de Masi, Glu CEO. “Our relationship with Probability allows us to offer high-quality mobile casino products in the UK and we look forward to extending these offerings as additional markets adjust regulations.”

“Our strategic relationship combines Glu`s popular social gaming IP with Probability`s innovative real-money mobile games,” said Charles Cohen, Probability CEO. “We look forward to addressing the growing audience of players enjoying real-money gaming on mobile devices.”

Glu-branded real-money mobile casino suites will be delivered through Probability`s White Label program, and will feature intellectual property from Glu`s catalog of original IP. In addition to Probability`s slots games, Glu casino suites plan to also offer Blackjack, Roulette, and Bingo.

The launch of the Contract Killer Slots marks the second real-money game Glu and Probability have published through the companies` strategic relationship. The mobile slots game features intellectual property from Glu`s most popular franchise of all time, Contract Killer, and is made available to mobile real-money gamers in the UK through Probability`s distribution network. Originally launched in March 2011, Glu`s Contract Killer freemium franchise has been downloaded over 40 million times worldwide.

Glu original IP-branded casino games join Probability`s portfolio and plan to be offered through their network to gambling operators such as Paddy Power, William Hill, 888 and to Probability`s `White Label` partners. In addition to leading industry knowledge and technical expertise, Probability provides a comprehensive operational role to Glu, with all games being delivered through their existing gambling licenses.

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Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including that Glu-IP-branded mobile casino suites are expected to be available by Q3 2013; we see a significant long-term opportunity in the mobile real-money gambling market; we look forward to extending our real-money gambling offerings as additional markets adjust regulations; we look forward to addressing the growing audience of players enjoying real-money gaming on mobile devices; and our expectation that Glu`s original IP-branded casino games will be offered as part of the Probability portfolio and will be offered through their network to gambling operators such as Paddy Power, William Hill and Probability `White Label` partners. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Investors should consider important risk factors, which include: the risk that real-money mobile gaming does not grow as significantly as we anticipate or does not expand to additional markets; the risk that consumer demand for smartphones and tablets does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize the expected benefits from our strategic relationship with Probability; and other risks detailed under the caption “Risk Factors” in our Form 10-K filed with the Securities and Exchange Commission on March 15, 2013 and our other SEC filings. You can locate these reports through our website at http://www.glu.com/investors. We are under no obligation, and expressly disclaim any obligation, to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

About Glu Mobile
Glu Mobile (GLUU) is a leading global developer and publisher of freemium games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms including iOS, Android, Windows Phone, Google Chrome, and MAC OS. Glu`s unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with a major office outside Seattle, and international locations in Canada, China, and Russia. Consumers can find high-quality entertainment wherever they see the `g` character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at Facebook.com/glumobile.

About Probability
Probability is the leading technology provider to the mobile entertainment gambling industry in regulated markets.  We offer a B2B `White Label` solution to provide access to our network via `Probability Managed` and `Partner Managed` services, and B2C `Own Brand` solutions via Moobile Slots and Lady Lucks.  The business was founded in 2004 and is headquartered in London, UK.

Gambling services are operated by Probability Gibraltar Ltd. a wholly owned subsidiary of Probability PLC, which holds a remote gambling licence from the Government of Gibraltar.  Probability Games Corporation Ltd. is licenced by the UK Gambling Commission.  Probability PLC floated on the London Stock Exchange in 2006 and is listed as PBTY. Probability entered into the Italian mobile gambling market in 2012, when it acquired the B2B provider Playyoo SA.

Current clients include Rank Group, 888, William Hill, Paddy Power and more.

www.probability.co.uk

CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES DEFENSE, GLU, GLU MOBILE and the `g` character logo are trademarks of Glu Mobile Inc.

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Source: Glu Mobile Inc. via Thomson Reuters ONE
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Glu Mobile Expands Real-Money Gambling Portfolio with Probability
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