32Red – one of the leading British online casino companies, released information about its financial performance during the first half of 2015. In a special statement on the matter, the company announced that there was a significant growth in the net gaming revenue during the registered period that ended June 30. The increased number of new customers as well as the frequent activity of the current users are the reasons behind the growth.
According to the details, released by 32Red, the net gaming revenue jumped 22% as compared to the numbers released a year ago. Back in 2014, the reported amount was £15.2 million while a year later it totals £18.6 million.
During the registered period, 32Red’s active customers reached 62,2014, which means an increase of 22% has been noted. As for the number of the new casino players, the growth was estimated at 12%. The trading momentum registered during the first half of the year seems to continue in H2, as the company announced a jump of 35% in gross gaming revenue in the first three weeks of July.
Ed Ware, the Chief Executive of 32Red, was asked to comment on company’s performance. Mr. Ware said that 32Red remains focused on providing exceptional customer service and marketing expenditure.
The financial performance of the 32Red Italian Casino is also satisfactory. Over the six-month period, the net gaming revenue increased by 67% to reach £0.9 million. The Italian casino successfully attracted 4,285 new players, which makes a total of 8,443 active players in the first half of 2015. 32Red executives are determined to continue company’s expansion and add new gaming products to its portfolio in the second half of the year.
32Red is among the online casinos that enable its users to place bets through their mobile devices, where a significant growth was registered as well. For the first six months of 2015, the mobile gambling activities counted for 42% of the total gross gaming revenue.
In his announcement, company’s CEO did not miss to mention the recent acquisition of the Roxy Palace. Mr. Ware confirmed that 32Red’s performance meets the expectations of the board members and said that they were happy with the integration process of Roxy Palace. It’s addition to 32Red enables company’s executives to seek expansion and stay optimistic about the future of the company.
32Red is expected to release a report containing the interim results on September 24th.
