A £2m bill for the UK’s Point of Consumption Tax and an increase in marketing in Italy has put a dent in 32Red’s profits despite the online gaming firm’s improved underlying performance. The company has reported EBITDA of £1.2m for the first half of the year, compared to £2.3m in H1 2014, with profit before taxation plummeting to £100,000 from …
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32Red Plc governance is confident of hitting 2015 targets following a strong opening H1 2015 (period ending 30 June) performance which saw the operator improve performance on all top line metrics. Updating the market, 32Red saw its group Net Gaming Revenue (NGR) up 22% to £18.6 million (H1 2014: £15.2 million). Its flagship vertical 32Red casino contributed £17 million of …
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The igaming sector reports another corporate acquisition as Gibraltar operator 32Red confirms that it has acquired online casino Roxy Palace for £8.2 million in a cash and shares deals from Hyperlink Media Ltd and Applied Logics Ltd. 32Red governance confirmed that it would pay £2 million cash for the acquisition of Roxy Palace operations, with a further 10 million shares issued …
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iGaming operator 32Red Plc provided its full year 2014 trading update, reporting its fifth consecutive year of double digit growth as the operator recorded total Net Gaming revenues of £32.1 million, +26% on 2013 £25.4 million. 32Red’s online casino the operator’s primary product recorded £29.3 million in Net Gaming revenues, up 27% on 2013 £23.1 million. The casino performance had …
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On the back of 32Red‘s impressive six month results, announced earlier this week, SBC caight up with CEO Ed Ware to ask a few more questions about performance. Can you provide any colour on the performance of 32RedSport? What are your ambitions for this channel? It is very early days with the performance of 32Red Sport and I wouldn’t want …
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Online casino operator 32Red has seen a 20% increase of Net Gaming Revenue increased to £15.2m for the six months ended 30 June 2014. The figures are again a record for the firm, thanks to a stellar performance at the firm’s flagship 32Red Casino. Ed Ware, CEO of 32Red, said: “We are pleased to report yet another record performance for …
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Racecourse operator ARC has hailed the success of the first ever All-Weather Championships which took place between October 2013 and April 2014 and culminated in the £1 Million Finals Day on Good Friday, 18April 2014. Tony Kelly, ARC Managing Director, said: “We are really pleased Year One of the All-Weather Championships proved to be such a thorough success. I would …
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Igaming operator 32Red is set to revamp its sports betting offering, after soft-launching its Kambi Sports Solutions sport betting platform. 32Red Sport has been re-launched in time for the 2014 FIFA World Cup. 32Red will target new and existing sports betting customers with a set of World Cup promotions. Furthermore the new sport betting product will be promoted through the …
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32Red Plc has entered into an agreement with Kambi Sports Solutions to deliver a fully managed sportsbook solution. The agreement will enable 32Red to offer a significantly upgraded sports betting experience to its customers through online and mobile channels. The new sportsbook will be fully integrated with 32Red’s Microgaming platform, enabling players to move seamlessly between casino and sports and …
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With the announcement of Manchester United’s record breaking initial £44.75m per year shirt deal with Chevrolet, a time when teams played without commercial association in just their club’s colours seems a world away from the modern game. You needn’t look back far however; it was not until 1977 that the FA lifted their official ban on kit sponsorship and today …
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