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32red Revenues H1-2016

32RED ONLINE CASINO REVENUE UP 63 PERCENT IN H1-2016
 
Record high in net gaming revenue achieved by Gibraltar-based online gambling group.
 
The 32Red online gambling group posted its H1-2016 numbers Friday, reporting record net gaming revenue at GBP 30.4 million - up an impressive 63 percent year-on-year. Other metrics recorded by the group included:
 
* Online casino division revenue up y-o-y 24 percent at GBP 21.2 million;
 
* Revenue from other verticals up 223 percent at GBP 2.3 million;
 
* Good growth in the Roxy Palace business acquired in July last year, with the brand the brand contributing GBP 5.8 million during the half-year;
 
* Mobile remained the fastest growing vertical in terms of both both revenue and new player acquisition, with revenue up 45 percent year-on-year and delivering more than half overall revenues;
 
* Italian operations flourished, with revenue growing 33 percent year-on-year at GBP 1.1 million;
 
* Strong organic growth in the groups core business - up 32 percent to GBP 23.5 million.
 
Group CEO Ed Ware said that investment in accelerated, returns-oriented marketing and a focus on delivering organic growth had contributed to the successful half-year, and that the company was looking for further relevant and value-contributing acquisitions.
 
“These results reflect the core strengths of the business: our strong brands, first class customer service and marketing expertise," Ware onserved, adding:
 
“32Red is in excellent health with a number of exciting opportunities ahead. We have a focused strategy to deliver continued organic growth as well as potential acquisition opportunities and we continue to look to the future with confidence."

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Gambling News :

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Club’s application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

Lost Vegas Slot Launches - “Lost Vegas” is a new release on Microgaming’s October roster, a five-reel 243-payline game that offers punters the option to play in either Survivor or Zombie mode throughout the base game, a choice that affects the symbols and bonus games on offer.

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

Pagcor relents on 20 venues - In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.

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