32Red

August 06, 2012 05:00 ET

32Red Reports Record Revenues

32Red's revenue from their online casino continues to grow throughout the first half of 2012

GIBRALTAR, GIBRALTAR--(Marketwire - Aug. 6, 2012) - 32Red, the award-winning online casino, is pleased to announce record-breaking revenues throughout the first half of 2012, its sixth successive 6 month period of record revenues.

This overall performance reflects the continued high-levels of trading at the company's flagship operation, 32Red Casino.

32Red Casino posted overall revenues (Gross Win) of £14.5 million, which was up 52% on 2011. The Gross Win for the 20 days leading up to the 20th July was, in addition, up by 28% on the corresponding period in 2011. This current performance is likely to see 32Red post revenues that are ahead of the current market expectations for 2012.

Adding to their success, 32Red have seen 18,724 new players join the online casino. This gave them a total of 31,722 active customers during the first half of 2012, which is an 81% increase from the same period in 2011.

The company also had an online poker revenue of £600,000 in the first six months of 2012, the same amount as the first half of 2011, but up 20 percent from the £500,000 earned in the second half of 2011. In the full year 2011 32Red's poker revenue increased 15 % to £1.06 million on the 2012 figure.

This continuously excellent performance reflects the quality of the service offered at 32Red Casino.

Players who sign up to 32Red Casino today are afforded instant access to over 450 of the best online casino games. For fans of online slot machines, 32Red offer a selection of over 250 5 reel and 3 reel video slot machines in both the download and flash casino online.

Commenting on the performance, Ed Ware, CEO of 32Red, 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."

The Group will announce its full interim results on Wednesday, 5 September 2012.

About 32Red

32Red is part of 32Red Plc, an industry leader in online gaming based in the British overseas territory of Gibraltar. Fully licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner.

32Red offers a wide range of gaming products including 32Red Casino, 32Red Poker, 32Red Online Bingo, 32Red Bet and 32Red Rummy - the most recent addition to its portfolio. 32Red Plc is committed to responsible gambling and ensures the company adheres fully to UK law. 32Red Plc listed on the London Stock Exchange in September 2005.

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