Internet betting giant 32Red has released its annual report for 2013, noting that the company had a record amount of revenue and EBITDA.
Key financial highlights for the year were:
Total gross gaming revenue up 21 percent year-on-year at GBP 38.8 million
Online casino GGR up 19 percent y-o-y at GBP 35.6 million
Increase of 24 percent in active player numbers to 71,266
A series of high profile sponsorships such as All-Weather Horse Racing Championships; Channel 4’s Late Night Film; the sponsorship in Italy of Serie A side FC Bologna; and the UK television shows Paul O'Grady and ‘I’m a Celebrity Get me Out of Here!"
Italian operations going well albeit on a small scale at present, generating GGR of GBP 1.3 million from a 1 percent market share
Commenting on his company's record breaking year 32Red CEO Ed Ware said, "There are regulatory challenges as well as opportunities this year but we anticipate another strong year of growth in the core 32Red casino, supported by increased contributions from Italy, betting and other products."
“We remain committed to our strategy to increase investment in regulated markets, both in terms of marketing and personnel, to ensure that an unrivaled level of player support and service is maintained.”