Another Stellar Performance From 32red Online Gambling Group

ANOTHER STELLAR PERFORMANCE FROM 32RED ONLINE GAMBLING GROUP

22nd January, 2015 at 11:53:09
Source: http://www.azonlinecasinos.com

2014 revenues soar 26% in fifth year running of double digit growth.

Online gambling group 32Red has issued a trading update, showcasing double digit growth for the fifth consecutive year.

Group CEO Ed Ware reported a 25% increase in net gaming revenue, with the Italian business doing especially well.

Highlights of the report include:

* Online casino up 27% year-on-year to 29.3 million (FY 2013: 23.1 million);

* Italian revenues soared 74% from 600,000 in 2013 to 1.1 million in 2014;

* Total net gaming revenue up 26% from to 32.1 million (FY 2013: 25.4 million);

* Mobile revenues up 89% on 2013 and now represent 32% of total casino revenues (FY 2013: 21 percent). Over one half of all new players are now recruited via smartphones and tablets, Management reports;

* Improved active player numbers, up 15% to 82,155 (FY 2013: 71,266);

* Better average customer gaming yield of 510 (FY 2013: 485).

* Early trading in 2015 strong across the company's products, with revenues for the first 20 days in January, up 31% compared with the same period last year;

We performed well throughout the year with an accelerating performance in the second half following increased investment in our business," said Ware.

Our marketing and operations have never been in better shape and we are excited by the opportunities for 32Red to further develop this year both within and outside the UK market.

Full details of the 4 Microgaming-powered casinos operated by 32Red can be found in the casino directory along with ownership and jurisdictional data.

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