Tuesday August 7,2012 : RECORD REVENUES FOR ONLINE CASINO
32Red does it again with a keen H1-2012 performance!
The Gibraltar-based online gambling group 32Red has announced record-breaking revenues throughout the first half of 2012, its sixth successive 6 month period of record-breaking success.
Flagship operation 32Red Casino posted overall revenues of GBP 14.5 million, up 52 percent on the same period last year. Gross win for the 20 days leading up to the 20th July 2012 was, in addition, up by 28 percent on the corresponding period in 2011. This current performance is likely to see 32Red post revenues that are ahead of the current market expectations for 2012.
Adding to its success, 32Red has seen 18,724 new players join the online casino. This gave the casino a total of 31,722 active customers during the first half of 2012 – an 81 percent increase from the same period in 2011.
Online poker revenue reached GBP 600,000 in H1-2012 the first six months of 2012, unchanged from the previous year, but up 20 percent from the GBP 500,000 earned in the second half of 2011. In the full year 2011 32Red's poker revenue increased 15 percent to GBP 1.06 million on the 2012 figure.
Commenting on the performance, Ed Ware, CEO of 32Red, said:
"The continued growth in revenues, particularly in light of strong comparatives, is testament to the strong new player recruitment resulting from more investment in our main market, the UK. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market.
"While we recognise the potential for economic and regulatory uncertainty across Europe, we look forward to further progress during the second half of 2012."
The Group will announce its full interim results on Wednesday, 5 September 2012.