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32Red Casino Revenue up 63% in H1-2016

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Leading Gibraltar licensed online gambling group 32Red Casino has posted net gaming revenue of £30.4 million for the first six months of this year which represents an increase of 63% on the amount of £18.6 million that was reported for the first half of 2015.

The group also revealed the following:

Online casino division revenue was up year-on-year 24 percent at £32.2 million;

Good growth was acquired in the Roxy Palace business in July 2015 with the brand contributing £5.8 million during the half-year;

Revenue from other verticals up 223 percent at £2.3 million;

Flourishing Italian operations, with revenue growing 33 percent year-on-year at £1.1 million;

Mobile remaining the fastest growing vertical in terms of revenue and new player acquisition, with revenue up 45 percent year-on-year and delivering more than half overall revenues;

Strong organic growth in the group’s core business which was up 32 percent to £23.5 million.

The Group Chief Executive Officer of 32Red, Ed Ware, revealed that the company was looking for further relevant and value-contributing acquisitions.

Ware also said that these results reflect the principal strengths of the business which are their strong brands, first-class customer service and marketing expertise.  He went on to say that 32Red Casino is in great health with a number of exciting opportunities ahead. He added that they have a focused strategy to deliver continued organic growth as well as potential acquisition opportunities and they continue to look to the future with confidence.