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32Red has issued a trading update

Friday January 23,2015 : ANOTHER STELLAR PERFORMANCE FROM 32RED ONLINE GAMBLING GROUP
 
2014 revenues soar 26 percent in fifth year running of double digit growth.
 
Online gambling group 32Red has issued a trading update, showcasing double digit growth for the fifth consecutive year.
 
Group CEO Ed Ware reported a 25 percent increase in net gaming revenue, with the Italian business doing especially well.
 
Highlights of the report include:
 
* Online casino up 27 percent year-on-year to GBP 29.3 million (FY 2013: GBP 23.1 million);
 
* Italian revenues soared 74 percent from GBP 600,000 in 2013 to GBP 1.1 million in 2014;
 
* Total net gaming revenue up 26 percent from to GBP 32.1 million (FY 2013: GBP 25.4 million);
 
* Mobile revenues up 89 percent on 2013 and now represent 32 percent of total casino revenues (FY 2013: 21 percent). Over one half of all new players are now recruited via smartphones and tablets, Management reports;
 
* Improved active player numbers, up 15 percent to 82,155 (FY 2013: 71,266);
 
* Better average customer gaming yield of GBP 510 (FY 2013: GBP 485).
 
* Early trading in 2015 strong across the company’s products, with revenues for the first 20 days in January, up 31 percent compared with the same period last year;
 
“We performed well throughout the year with an accelerating performance in the second half following increased investment in our business," said Ware.
 
“Our marketing and operations have never been in better shape and we are excited by the opportunities for 32Red to further develop this year both within and outside the UK market.”

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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