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Growth at 32Red

32Red management had good cause for celebration this week; the company delivered a set of annual results that showed solid growth, and both management and casino received top awards from a major Internet gambling information portal.
 
The company's trading update for the year ended December 31, 2008 showed growth of total gaming revenue by 27 percent year-on-year to GBP13 million, with online casino operations up by 30 percent, delivering a gross win of GBP 11.7 million.
 
"The strong year-on-year growth in casino revenues has been driven by both increased active player numbers, up 15 percent, and an improved yield per player of GBP 536, up 13 percent," management reported.

Rushmore Casino"Performance for the year ended 31 December 2008 is expected to be in line with market expectations at PBT level, although ahead of expectations at EBITDA level."
 
Bank debt at the end of the year was GBP 250 000 in a report that included encouraging key indicator numbers:
 
* Gross win GBP13 million, up 27 percent on 2007
* Casino gross win GBP 11.7 million, up 30 percent on 2007
* Active casino customers 21 808, up 15 percent on 2007
* Casino player yield GBP536 (2007: GBP474)
* New casino players 15 567, up 7 percent on 2007
* Casino cost per acquisition GBP118 (2007: GBP137)
 
"Our good performance in 2008 puts 32Red firmly back on its growth path with revenues from our core business, the 32Red casino, growing strongly," said 32Red CEO Ed Ware. "We will continue to compete effectively against our larger peers through our existing platforms and the addition of new products to the 32Red portfolio including financial spread betting, due to go live later this month."
 
Ware revealed that trading has been strong so far in 2009, with prospect of additional action when the company adds to its product portfolio by launching a financial spread betting platform later this (January) month.
 
Coinciding with the results announcement, 32Red was again awarded "Best Online Casino" by the player-influential Casinomeister online gambling information portal - the sixth consecutive year in which the operation has been given the accolade. Operations exec Pat Harrison was recognised as "Best Online Casino Manager" for the second year in succession.



Gambling News :

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.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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