32RED DELIVERS ROBUST HY1 RESULTS
22nd July, 2015 at 12:05:24
Positive trajectory in line with full year expectations.
Respected online gaming firm 32Red Plc again delivered impressive results in a trading update for the past six months ending June 30, 2015.
The company recently acquired Roxy Palace casino
bringing their total number of Microgaming casino licences
to 5. Key performance indicators include...
Total Net Gaming Revenue up 22% to £ 18.6 million (HY1/2014: £ 15.2 million).
Net Gaming Revenues from Casino were up 21% to £ 17 million (HY1/2014: £ 14 million).
Total Net Gaming Revenues of £ 18.6 million (HY1/2014: £ 15.2 million), an increase of 22 percent.
Active casino customers increased 22% to 62214.
Casino player yield was £ 380 (HY1/2014: £ 400).
New casino players up 12% to 26407.
Casino player cost per acquisition was £ 197 (HY1/2014: £ 180).
Mobile now represents 42% of Casino GGR (HY1/2014: 32 percent).
Net Gaming Revenues from 32 Red Italian Casino were £ 0.9 million representing an increase of 67% (H1/2014: £ 0.5 million).
4285 new players were recruited (HY1/2014: 3084).
32Red said it will continue to invest in the Italian market to grow market share and plans on introducing new products later this year.
"Our continued focus on customer service, combined with increased marketing expenditure and cross sell from supporting products has driven double digit organic revenue growth in the 32Red casino
in the half year," commented Ed Ware, chief executive officer of 32Red.
"We recently announced the acquisition of the Roxy Palace business and I am delighted with initial trading and the integration progress. The combination of this earnings enhancing acquisition allied with our strong organic growth provides a strong platform for continued growth and we look forward to the future with confidence."
Related News Tags: Microgaming, Italy, 32red, Roxy Palace