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Great 2012 for 32Red Earnings

Thursday March 21,2013 : ANOTHER GOOD YEAR FOR 32RED
 
Indicators all pointing in the right direction...
 
Online gambling operator 32Red has for the third consecutive year posted a positive set of full year results to the end of December 2012.
 
Key highlights for the company included:
 
* Third consecutive year of record revenues
 
* Encouraging start to trading in Italian market
 
* Increased investment in marketing results in 41,918 new casino players
 
* Result of damages inquiry in relation to trade mark action against William Hill expected imminently
 
* Evaluation of new regulated markets ongoing
 
* Active 32Red Casino players up 45 percent to 57,338
 
* Casino player yield GBP 500 (2011: GBP 550)
 
* New 32Red Casino players up 52 percent to 41,918
 
* Casino player cost per acquisition: GBP 147 (2011: GBP 143)
 
* Casino revenues up 29 percent to GBP 30 million
 
* Other revnue up 23 percent to GBP 2.1 million
 
* EBITDA up 23 percent at GBP 3.4 million
 
* Final dividend at 1.4p - up 17 percent.
 
* Net cash on hand at year-end GBP 4.4 million, up 29 percent.
 
Current trading
 
Management reported that trading in the first 11 weeks of the year has been robust with revenues up 13 percent on the corresponding period in 2012.
 
Increases in marketing investment continued to deliver strong recruitment of new players and market share gains, and the company has been encouraged by the early indications from Italy, which is performing in line with management expectations.
 
Commenting on the results Ed Ware, chief executive officer, said:
 
"The company has enjoyed another year of considerable progress thanks to the focus and drive of the 32Red team. Not only have we delivered our third successive year of record results in 2012, but we have also successfully launched the 32Red brand in the newly regulated Italian market. Our strategy of increased investment in marketing is delivering strong levels of new player recruitment.
 
"This year has started strongly and we are confident of further progress in 2013, both financially and operationally, as we continue to grow the 32Red brand in regulated markets"



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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