$ £

32Red Releases Positive Full Year 2013 Results

Internet betting software developer 32Red has published its full year 2014 financial results, noting an increase in revenues and a large jump in active players.

Key financial highlights for the full year ending December 31st, 2013 were:

  • Annual revenues of £38.8 million (2012 FY: £32.1 million)

  • Noteworthy growth over the past four years which has seen annual revenues doubling.

  • Online casino operations the main contributor at £35.6 million - well up on the 2012 comparative of £30 million

  • Newly launched Italian operations going well and already delivering £1.3 million in revenues

  • Number of active players up 24% to 71,266, but numbers of new players declining to 38,033 (2012 FY: 41,918)

  • Mobile casino activity remained buoyant with revenues up 136% on the previous year. This part of the group generated a third of new player sign-ups.

Commenting on the results 32Red CEO Ed Ware said, “I am delighted to report a fourth successive year of double digit revenue growth. Our 32Red casino product continues to go from strength to strength. Trading momentum has continued into 2014 and I am confident that our recent step up in marketing investment, increased focus on CRM and the bolstering of our board leave us well placed to make further progress in the year.”

Related casinos

No32 Red Casino90Gibraltar, U.K.
Share this