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9/2/09 - The challenging world economic environment has adversely impacted popular online casino group 32Red, which this week reported H1 2009 numbers showing an 11.2 percent decline in revenues to GBP5.8 million (H1 2008: GBP 6.4 million).
The declining revenues came despite more active players on the core Internet casino operations; there was a rise of 23 percent to 14 490 in the number of active players using the facilities, along with an increase in new sign-ups of 19 percent to 9 733, thanks largely to a successful television campaign.
CEO Ed Ware said that despite the disappointing figures, the company was well poised to take advantage of improvements in the economic climate.
Commenting on company highlights, Ware noted the advent of 32Red Rummy and 32Red Spreadbet in the first quarter, along with a sponsorship of the Swansea football club which will run through to 2011.
Investments in operational technology had enabled the firm to predict savings of GBP400 000 a year, he revealed.
Ontario extended its online gambling deadline -
02/06/2012 : It could be awhile yet before Canada's most populous province, Ontario, joins sisters British Columbia and Quebec in offering online gambling to its residents.
ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET? -
02/06/2012 : Jdigital, the newly launched Spanish Association of Digital Play has estimated that the Spanish online gambling market based on gross gaming revenue in 2011 has increased by 20 percent exceeding Euro 370 Million.
Conister Bank launches the IOM's first e-gaming banking product -
02/06/2012 : The Isle of Man-based Conister Bank has announced the launch of the Island’s first ever e-gaming dedicated banking product, created specifically for the Island’s e-gaming operators, with the approval of the local Gambling and Supervision Commission
Betfair has announced No More South African Gamblers -
02/06/2012 : International online gambling group Betfair has announced that it is to bow to court decisions in South Africa declaring online gambling illegal by cutting off South African online punters from February 14.
Dr. Love slot released to the Apple Store -
02/06/2012 : In an innovative move, NextGen Gaming, which recently merged with the NYX group, has released its popular Dr. Love slot to the Apple Store for mobile players to access direct.
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