Tag Archives: ed ware

32Red posts ‘Record Breaker 2016’ ahead of Kindred acquisition

The governance of 32Red Plc has declared a ‘record year for revenue and profits’ ahead of its £175 million acquisition by Stockholm-listed Kindred Group (deal confirmed 23 February). Presenting its full-year 2016 results, in what will likely be its last corporate update as a London AIM-listed enterprise. 32Red recorded corporate revenues of £62 million up 28% on corresponding FY 2015’s …

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32Red signs up three leading jockeys as brand ambassadors

32Red has announced that leading jockeys Jamie Spencer, Bryan Cooper and Paddy Brennan have joined the company as racing ambassadors. Starting today, the jockeys will provide insight and analysis on both their rides and the big races, with daily blogs throughout the major flat and national hunt festivals. Each of them will wear 32Red-branded race apparel to support 32Red’s sponsorship …

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32Red takes on Sprint Cup sponsorship

Gibraltar-based online bookmaker 32Red takes over from Betfred as the official sponsor of Haydock Park Racecourse’s ‘Sprint Cup’ (1-3 September). Seeking to boost its coverage within UK racing, 32Red will take on sponsorship of the 50th edition of the £260,000 race. The betting brand will further sponsor the full card on Sprint Cup Day in 2016, and will undertake sponsorship …

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32Red & Kambi extend sports betting platform partnership

Updating the market sports betting platform provider Kambi and key client 32Red Plc have confirmed a partnership extension. The extension of services sees 32Red continue its sports betting platform agreement with Kambi which was first signed in April 2014. The partnership saw London AIM-listed 32Red relaunch its sports betting offering ’32Red Sports’, with company governance stating that the company was …

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32Red beats 2015 expectations with record revenue surge

Governance of 32Red Plc has cited strong organic growth combined with the positive impact of its acquisition of online casino brand Roxy Palace as the drivers for its full year record revenues results Issuing the market a FY 2015 trading update, 32Red Plc reported that it gained significant growth on all its top-line metrics. The operator would record 2015 group …

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Increased customer activity drives 32Red H1 2015 performance

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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32Red acquires Roxy Palace for £8.2 million cash & shares

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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Marketing step-up pays off for 32Red in 2014

A step-up in marketing investment, aimed at driving top line metric growth has led to 32Red announcing a fifth year of consecutive growth, as the Gibraltar operator announced its final results for 2014 32Red recorded a 25% increase in net gaming revenues of £32 million (FY 2013: 24.8 million), the increase in revenue transferred to a strong 2014 EBITDA performance …

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Mobile focus helps 32Red record fifth consecutive year of double digit growth

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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32Red posts record performance for H1 2014

Ahead of the introduction of the UK POC tax and changes in gambling regulations, igaming operator 32Red Plc published its H1 2014 interim results.  The operator produced record results with regards to gaming revenues and EBITDA. 32Red recorded H1 2014 Gross Gaming Revenues of £ 22.6 million (+ 19% on H1 2013 £19 million),   the operator was able to produce …

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