32Red.com increases its numbers
8th September, 2008
Although many in the gambling industry seem to be struggling a bit as the economy goes through a recessive period, 32Red has announced large increase in revenue in the first half of 2008 from the same period in 2008.
This comes as no surprise to many in the industry, however, because 32Red has always been a solid choice in the online gambling industry. Many at 32Red are encouraged by the results and believe this to be a sign of things to come.
“I am pleased to report an excellent performance during the first half of the year,” said Ed Ware, CEO of 32Red.com. “The refocusing of our efforts to accelerate the growth of the 32Red.com business has delivered immediate results both in terms of revenue growth and improved bottom line profit. The strong growth in the 32Red.com casino has been driven by both increased active player numbers and an improved yield per player. The positive current trading leads the board to conclude that prospects for the year are very encouraging.”
The total gaming revenue for 32 Red for the first half of the year was $12.07 million, which is a 26% increase from the same section of the previous year. Many are also pointing to their new mobile gaming service that enables people to play online casino games from their phone as one of the reasons for the increase in players this year.
“In addition to the successful launch of a mobile phone gaming service, we have introduced an integrated bingo offering and a French-language casino during the first half of the year,” Ware said. “We continue to investigate possible new gaming-related products to add to our existing portfolio although we remain focused on taking 32Red.com’s casino business to the next level.”
32Red is one of the best places for gambling online. So if you're looking to make a run, it's not a bad place to begin.
By Michael
