Wednesday January 23, 2013 : STERLING RESULTS FROM 32RED
Record results for third consecutive year
Well-respected online gaming firm 32Red Plc has delivered its third consecutive reporting period of record total annual revenues and a strong increase in new players.
Key performance indicators for the 2012 fiscal period include:
– Total revenue up 28 percent to GBP 32.1 million in 2012
– Casino revenue of GBP 28.7 million (2011: GBP 21.8 million)
– Active players increased to 57 338 (2011: 39 687)
– New players up a strong 52 percent to 41 918 (2011: 27 648)
32Red said it was encouraged by initial results from its newly launched Italian operations and would develop the brand further in the country while general current trading is strong and the firm remains confident of the Company's prospects in the year ahead.
Gross Win for the first twenty-one days in January was reported up 15 percent on an exceptionally strong corresponding period in 2012 that benefitted from significant promotional activity.
Commenting on the performance, Ed Ware, chief executive officer of 32Red, said:
"32Red has enjoyed another strong year of revenue and profit growth, driven by new player recruitment and our focus on the delivery of exceptional levels of service and entertainment to casino players.
"Initial trading from our Italian casino is encouraging and supports our confidence in the longer term opportunity. As ever, we continue to monitor other regulatory developments around the world."