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Great Half Year Report For 32red

Wednesday September 5, 2012 : GOOD HALF YEAR FOR ONLINE CASINO FIRM
 
32Red ticks all the boxes in H1-2012
 
Online gaming company 32Red plc posted a sterling H1-2012 report for the period to June 30 2012, and advises that trading since then is up 22 percent despite punters being distracted by the Olympics.
 
The Microgaming-powered and Gibraltar licensed gambling group also confirmed it is to launch casino, poker and bingo action in Italy before the end of this year, the first time the company has expanded beyond its core British market since its launch in 2002.
 
The half-yearly report included the following highlights:
 
* Revenues rose 50 percent to GBP 16.5 million - a new record for the firm.
 
* EBITDA before share option costs and exceptional items was up 12 percent to GBP 1.7 million.
 
* Active casino players in first 6 months up 81 percent to 31,722 (H1 2011: 17,548)
 
* Casino player yield GBP 457 (H1 2011: GBP 543)
 
* New Casino players up 93 percent to 18,724 (H1 2011: 9,704)
 
* Casino cost per player acquisition: GBP 166 (H1 2011: GBP 173)
 
* William Hill's appeal over 32Red trade mark infringement case was dismissed. 32Red reported exceptional costs of GBP 59,000 in this connection - the costs associated with the case were GBP 129,000 pounds and the company has received an initial payment of GBP 70,000. A hearing next year is expected to settle the level of damages and liability for costs associated with original hearing in 2010
 
* Interim 2012 dividend of 0.6p declared, up 20 percent on 2011
 
* Current trading remains strong - up 22 percent in July and August 2012.
 
"While we continue to focus on our core market of the UK, we look forward to utilising our Italian licence to expand the profile of the brand and to grow business in another regulated market," CEO Ed Ware said in a statement.
 
"We are very pleased to have delivered another strong performance during the first half of 2012, across all key measures. This performance has continued during the first 2 months of the second half of the year, despite the excitement and distraction of the Olympic Games.
 
"The sustained revenue growth across the Group has been primarily driven by the 32Red Casino and we continue to work on further enhancing the player experience as well as our marketing effectiveness.
 
"As previously stated, we intend to enter the Italian online casino market in early Q4 and we are looking forward to commencing marketing and operational activities.''

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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