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32Red Reports Great First Half of 2012

UK based betting firm 32Red plc has announced very strong financial results for the first half of the year ending June 30th, highlighting record numbers in customer recruitment and revenues.

Key financial indicators for the first half ending June 30th, 2012 were:

  • Casino Performance from flagship operation, 32Red Casino:

  • Gross Win (revenue) £14.5 million, up 52% on 2011

  • Active casino customers of 31,722 up 81% on H1,2011

  • Casino player yield £457 (H1,2011: £543)

  • New Casino players 18,724, up 93% on H1,2011

  • Casino cost per acquisition: £166 (H1,2011: £173)

32Red CEO Ed Ware commented on the results, saying: "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."

“We look forward to launching 32Red.it during the second half of the year and welcome the recent decision by the Italian authorities to commence the procedures to approve online slots games from December 2012 onwards."

"While we recognize the potential for economic and regulatory uncertainty across Europe , we look forward to further progress during the second half of 2012.''

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