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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."



Gambling News :

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

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