Online wagering giant 32Red has announced its first half 2012 financial results, highlighting record breaking revenues among its several success stories.
Key financial indicators for the first half ending June 30th, 2012 were:
Revenue of £14.5 million, up 52% over the same period in 2011
18,724 new players for the first half, with 31,722 active clients total, an increase of 81% during the same period in 2011
Internet poker revenues of £600,000, flat with the same period last year but up 20% from the second half of 2011
Speaking about his company's success, 32Red CEO Ed Ware 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."