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32Red : Record revenues claimed by online gambling group
Thursday July 21,2011 : Record revenues claimed by online gambling group
Internet gambling group 32Red.com has published its first half 2011 results summary, showcasing record revenues with total Gross Win up 42 percent to GBP11 million (2010: GBP 7.8 million) in the first six months of 2011.
Management says that the performance is particularly pleasing in light of strong H1 2010 comparative figures that were, in turn, 33 percent ahead of H1 2009. Consequently, revenues in the first half of 2011 are 89 percent ahead of those recorded in the same period back in 2009.
Casino performance highlights include :
· Gross Win (revenue) GBP 9.5 million, up 41 percent on 2010
· Active casino customers 21,745 up 12 percent on H1 2010
· Casino player yield GBP 438, up 22 percent on H1 2010
· New Casino players 13,901, up 13 percent on H1 2010
Commenting on the performance, Ed Ware, CEO of 32Red, said: "This exceptional year-on-year growth is particularly pleasing given the strong trading experienced during the comparative period. Our marketing has become more effective and has yielded encouraging results. We will build investment in this area throughout the remainder of the year.
"32Red was delighted to have renewed the sponsorship of Swansea City Football Club for a further three years in February, and we congratulate the Club on promotion to the Premier league.
"While the focus remains in the UK, the Board continues to monitor developments in Europe."
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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