Tag: 32 Red
Record revenues for 32Red
iGaming Business – Online gaming operator 32Red has posted record revenue and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) for the first half of 2013 after highlighting strong growth in its mobile offerings. With mobile now accounting for 17% of total revenue – up from 8% in the first half of 2012 – total sales increased by 15% year-on-year to £19 million (€22.6 million/$30 million) in the six-month period until the end of June. Revenue was driven by a 34% increase in active casino players to 42,455. 32Red also announced in its interim results that underlying EBITDA had…
32Red again enjoys record revenues
From iGaming Business – Online gambling operator 32Red has once again reported record revenues with total gross win rising by 15% to £19m ($28.7m/€22m) for the first six months of 2013; up from £16.5m in the same period in 2012. The positive performance of the company is underpinned by strong trading at 32Red Casino, its flagship online operation. The firm reported a 34% year-on-year rise in active casino customers while gross win rose 17% in the same period to £16.9m. The total revenue figure also included a £500,000 maiden contribution from Italy following the launch of 32Red’s casino operation last…