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32Red Earnings Results
Wednesday July 22,2015 : 32RED DELIVERS ROBUST HY1 RESULTS
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.
Key performance indicators for the period include:
Total Net Gaming Revenue up 22 percent to GBP 18.6 million (HY1/2014: GBP 15.2 million).
Net Gaming Revenues from Casino were up 21 percent to GBP 17 million (HY1/2014: GBP 14 million).
Total Net Gaming Revenues of GBP 18.6 million (HY1/2014: GBP 15.2 million), an increase of 22 percent.
Active casino customers increased 22 percent to 62214 .
Casino player yield was GBP 380 (HY1/2014: GBP 400).
New casino players up 12 percent to 26407.
Casino player cost per acquisition was GBP 197 (HY1/2014: GBP 180).
Mobile now represents 42 percent of Casino GGR (HY1/2014: 32 percent).
Net Gaming Revenues from 32 Red Italian Casino were GBP 0.9 million representing an increase of 67 percent (H1/2014: GBP 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."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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