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32Red Record results for third consecutive year

Wednesday January 23, 2013 : STERLING RESULTS FROM 32RED
Record results for third consecutive year
Well-respected online gaming firm 32Red Plc has delivered its third consecutive reporting period of record total annual revenues and a strong increase in new players.
Key performance indicators for the 2012 fiscal period include:
-   Total revenue up 28 percent to GBP 32.1 million in 2012
-   Casino revenue of GBP 28.7 million (2011: GBP 21.8 million)
-   Active players increased to 57 338 (2011: 39 687)
-   New players up a strong 52 percent to 41 918 (2011: 27 648)
32Red said it was encouraged by initial results from its newly launched Italian operations and would develop the brand further in the country while general current trading is strong and the firm remains confident of the Company's prospects in the year ahead.
Gross Win for the first twenty-one days in January was reported up 15 percent on an exceptionally strong corresponding period in 2012 that benefitted from significant promotional activity.
Commenting on the performance, Ed Ware, chief executive officer of 32Red, said:
"32Red has enjoyed another strong year of revenue and profit growth, driven by new player recruitment and our focus on the delivery of exceptional levels of service and entertainment to casino players. 
"Initial trading from our Italian casino is encouraging and supports our confidence in the longer term opportunity. As ever, we continue to monitor other regulatory developments around the world."

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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