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Market paying 30 x earnings. Here's the most interesting bits:
In the six months to 30 June 2005, 32Red achieved an average yield per player per month of approximately £326. In the six months to 30 June 2005, 32Red had an average number of real money casino players per month of approximately 2,026 of which an average of approximately 30 per cent per month were new real money players.
In the six months to 30 June 2005, 32Red achieved average yield per real money player per month of approximately £38. For the same period, 32Red had an average number of real money poker players per month of approximately 1,129, of which an average of approximately 33 per cent per month were new real money players.
The Company’s casino gross win for the month of July 2005 of £845,455 was 59 per cent higher than the equivalent period in 2004. Poker continues to show strong growth for 32Red who generated combined poker rake and entry fees in July 2005 of £70,565, a higher figure than in any previous month. In the month of July 2005, the Company recorded 2,048 real money casino players, of whom 587 were new real money casino players, and 1,572 real money poker players, of whom 487 were new real money poker players.
I see the market going all wucky wucky doo over poker, yet you can see that a casino player is worth almost ten times as much as a poker player. I wonder which side costs more to advertise and administer?
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