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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."
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Betradar Launches US Sports Betting Solutions -
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Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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