32RED's Trading Update announcement released 23 July 2008

[Casinomeister]

Trading update for the six months ended 30 June 2008

32Red Plc, the award-winning online gaming operator, today provides an update on trading for the half year ended 30 June 2008 ahead of its full interim results to be released on 26 August 2008. Comparatives are for continuing 32Red operations and exclude any revenues derived from the Betdirect business, sold on 30 October 2007.

The Board have been pleased with trading during the first six months of 2008. The Company's flagship operation, the 32Red Casino, has flourished and is benefitting from a clear focus on all aspects of its service and marketing activities. This has resulted in a record level of Gross Win for the period.

Key financial highlights:
• Total gaming revenues of £6.6m, an increase of 26% on H1 2007 and 32% on H2 2007
• Casino revenues of £6m, an increase of 31% on H1 2007 and 38% on H2 2007
• Active casino players in the first 6 months : 12,283, up 13.5% on H1 2007 and up 9.3% on H2 2007
• Casino yield per active player in the 6 months : £491, up 15.2% on H1 2007 and up 25.8% on H2 2007

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