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Record Earnings for 32Red
Friday March 7 ,2014 : ANOTHER RECORD YEAR FOR 32RED.COM
Online gambling group posts record returns for the fourth year running.
Gibraltar-based online gambling group 32Red.com has posted another strong annual performance for the fourth consecutive year, reporting record revenues and EBITDA.
Highlights of the report include:
* Total gross gaming revenue up 21 percent year-on-year at GBP 38.8 million;
* Online casino GGR up 19 percent y-o-y at GBP 35.6 million;
* Increase of 24 percent in active player numbers to 71,266;
* A series of high profile sponsorships such as All-Weather Horse Racing Championships; Channel 4’s Late Night Film; the sponsorship in Italy of Serie A side FC Bologna; and the UK television shows Paul O'Grady and ‘I’m a Celebrity Get me Out of Here!".
* Italian operations going well albeit on a small scale at present, generating GGR of GBP 1.3 million from a 1 percent market share;
CEO Ed Ware was optimistic on the group's performance in the future, saying that his team intended to build on the successful preceding years and commenting:
"There are regulatory challenges as well as opportunities this year but we anticipate another strong year of growth in the core 32Red casino, supported by increased contributions from Italy, betting and other products.
“We remain committed to our strategy to increase investment in regulated markets, both in terms of marketing and personnel, to ensure that an unrivalled level of player support and service is maintained.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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