Sterling Results From 32red

STERLING RESULTS FROM 32RED

23rd January, 2013 at 06:22:12
Source: http://www.azonlinecasinos.com

Record results for third consecutive year

Well-respected online gaming firm 32Red Plc has delivered its third consecutive reporting period of record total annual revenues and a strong increase in new players.

Key performance indicators for the 2012 fiscal period include:

- Total revenue up 28% to 32.1 million in 2012

- Casino revenue of 28.7 million (2011: 21.8 million)

- Active players increased to 57 338 (2011: 39 687)

- New players up a strong 52% to 41 918 (2011: 27 648)

32Red said it was encouraged by initial results from the recent launch of 32Red Casino into the Italian market and would develop the brand further in the country while general current trading is strong and the firm remains confident of the Company's prospects in the year ahead.

Gross Win for the first twenty-one days in January was reported up 15% on an exceptionally strong corresponding period in 2012 that benefitted from significant promotional activity.

Commenting on the performance, Ed Ware, chief executive officer of 32Red, said:

"32Red has enjoyed another strong year of revenue and profit growth, driven by new player recruitment and our focus on the delivery of exceptional levels of service and entertainment to casino players.

"Initial trading from our Italian casino is encouraging and supports our confidence in the longer term opportunity. As ever, we continue to monitor other regulatory developments around the world."

32Red has consistently won awards since it appeared on the scene some 10 years ago, winning the accolade "Casino of the Decade" from the highly respected Casinomeister advocate site.

32Red Casino also ranks as the highest rated casino in this site's online casino directory and operates two associated brands running on the same software platform and that also score highly in the directory: Nedplay and Golden Lounge, both of which were acquired in 2009.

A fourth bespoke property, Dash Casino, was launched several years back alongside 32Red Pokerroom and a less touted betting portal, 32Redbet.

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