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32Red Casino Full Year gross win of GBP 12.8 million posted

1/18/10 - It appears that the disappointing performance of the Gibraltar-based online casino group 32Red in the first half of 2009 is a thing of the past, with the company reporting a better second half to post a 2009 FY gross win of GBP 12.8 million - still down 1.6 percent on the 2008 numbers, but a creditable turnaround on the year, given the dismal global economy.
 
Looked at against the backdrop of the first half of 2009, the turnaround is impressive, with gross win up 18 percent in the second half.
 
CEO Ed Ware recalls that during the year his company was obliged to start copyright litigaton against William Hill plc in regard to its launch of an online casino branded 32Vegas. Following the action, William Hill Online withdrew the Playtech-powered brand, replacing it with a less provocative offering.
 
32Red's online casino brought in the bulk of the year's gross win at GBP 11.5 million, just 1.7 percent down on the same period in 2008.
 
The group’s flagship 32Red online casino generated gross win of GBP 11.5 million for the year, 1.7 percent down on the GBP 11.7 million recorded in 2008. The popular casino boosted revenues by 21 percent in the second half of 2009.
 
The company will invest more in marketing in 2010, Ware revealed, and would be pushing the newly launched  sports betting service it has introduced on the iBroker platform furnished by Global Betting Exchange.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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