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32Red Earnings Report
32RED DELIVERS AGAIN
Continues “excellent operational momentum”
Online gaming company 32Red Plc has turned in another impressive set of results for the six month period ending June 30 2016.
The company delivered a record revenue performance with net gaming revenue up 63 percent to GBP 30.38 million (H1/2015: GBP 18.58 million) and gross profits amounting to GBP 7.5 million (H1/2015: GBP 4.3 million).
EBITDA amounted to 4.46 million (H1/2015: 1.24 million), an increase of 258 percent.
32Red Casino remains the company’s main revenue earner accounting for 70 percent of overall revenues and delivering growth of 24 percent on the back of increased marketing investment.
Mobile accounts for 50 percent of all casino revenues (H1/2015: 42 percent) and is considered the key growth driver.
The Italy business remains on track to break even in 2016, the company said, and continues to increase market share. The business delivered a 33 percent increase in gaming revenues over 2015.
Post close, the company has renewed its long-term contract with Microgaming for an additional five years but new terms enable 32Red to augment Microgaming’s comprehensive offer with additional content from other providers.
"We are delighted to report a record revenue and profitability performance for 32Red in the first half of 2016 which has been driven by strong growth across our business and brands,” Ed Ware, chief executive officer for 32Red commented.
“The Board remains confident of meeting its expectations for the full year."
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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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