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32Red's Financial Report Shows Excellent Performance

Internet betting organization 32Red Plc has released its latest financial report, noting increased revenues and more active players for the third consecutive reporting session.

Key financial indicators for the period were:

  • Total revenue up 28% to £32.1 million in 2012

  • Casino revenue of £28.7 million (2011: £21.8 million)

  • Active players increased to 57,338 (2011: 39,687)

  • New players up a strong 52% to 41,918 (2011: 27,648)

Speaking about his company's results 32Red CEO Ed Ware 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."

Early results from the company's recently launched Italian operation have been promising, while the first three weeks of 2013 have seen a 15% jump in Gross Wins over the same time frame in 2012.

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