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32Red’s very positive revenues

32Red, an iGaming online operator based in Gibraltar announced the results for the first half of 2011 in a trading update that revealed that 32Red has experienced a record in revenues of £11 million for the six-month period off gross wins of £9.5 million.

32Red revealed that their grow wins rose by 42% year on year and this figure also increased by 67% over last year in 2010 for the first 19 days of July.

32Red.com, 32Red’s online casino reported that the number of active players increased by 12% to 21,745 over last year with a yield per customer of £438. According to 32Red.com this figure increased by 22% over the first half of 2010 and also reported that it had 13,901 new players which was a 13% increase on 2010 even though the cost per acquisition increased by 37% to £118.

Ed Ware, 32Red’s Chief Executive Officer stated that “this exceptional year-on-year growth is particularly pleasing given the strong trading experienced during the comparative period.”

“Our marketing has become more effective and has yielded encouraging results. We will build investment in this area throughout the remainder of the year.

“32Red was delighted to have renewed the sponsorship of Swansea City football club for a further three years in February and we congratulate the club on promotion to the English Premier League.

“While the focus remains in the UK, the board continues to monitor developments in Europe.”

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