Strong Growth for 32Red during the first half of 2013

Posted by admin on October 02, 2013

One of the best online gambling websites out there 32 Red, has just released the financial data for the first half of 2013 and one thing that can be noted is that everything looks good for them. Along with the popular online casino there are also other things available such as: arcade games, mobile casino, live casino, poker, online bingo and sports betting, all of which is Microgaming powered.

The mobile operations are now accountable for 17% of the revenue, while last year they were only 8%. The total sales are up by 15% and go up to £19 million. There are also 34% more active players at the online casino and their number is 42,455.

The profit before the tax is up by 12%, while the earnings per share are up by 11%. Another great financial indicator of 32 Red is the cash on hand, where at the end of June 2013 they ha £6.4 million which is up by 60%.
The company official said that the strategy of the company is going to remain to invest the money in marketing and to focus on being able to offer one of the best user gambling experience for both the new players and the existing ones also. And at the same time they are also planning to developing their business in Italy.

The great diversity of gambling services available at 32 Red were definitely one of the major things that helped them have a good growth in revenues.

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