32 RED POSTS H1 2011 UPDATE
21st July, 2011 at 05:35:03
Record revenues claimed by online gambling group
Internet gambling group 32Red
.com has published its first half 2011 results summary, showcasing record revenues with total Gross Win up 42% to £11 million (2010: £ 7.8 million) in the first six months of 2011.
Management says that the performance is particularly pleasing in light of strong H1 2010 comparative figures that were, in turn, 33% ahead of H1 2009. Consequently, revenues in the first half of 2011 are 89% ahead of those recorded in the same period back in 2009.
Casino performance highlights include :
· Gross Win (revenue) £ 9.5 million, up 41% on 2010
· Active casino customers 21,745 up 12% on H1 2010
· Casino player yield £ 438, up 22% on H1 2010
· New Casino players 13,901, up 13% on H1 2010
· Casino cost per acquisition: £ 118 (H1 2010: £ 86; FY 2010: £ 119)
Commenting on the performance, Ed Ware, CEO of 32Red, said: "This exceptional year-on-year growth is particularly pleasing given the strong trading experienced during the comparative period. Our marketing has become more effective and has yielded encouraging results. We will build investment in this area throughout the remainder of the year.
"32Red was delighted to have renewed the sponsorship of Swansea City Football Club for a further three years in February, and we congratulate the Club on promotion to the Premier league.
"While the focus remains in the UK, the Board continues to monitor developments in Europe."
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