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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."
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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