GOOD TURNAROUND AT 32RED
22 January 2010
Full Year gross win of GBP 12.8 million
posted
It appears that the disappointing performance of the
Gibraltar-based online casino group 32Red in the first
half of 2009 is a thing of the past, with the company
reporting a better second half to post a 2009 FY gross
win of GBP 12.8 million - still down 1.6 percent on the
2008 numbers, but a creditable turnaround on the year,
given the dismal global economy.
Looked at
against the backdrop of the first half of 2009, the
turnaround is impressive, with gross win up 18 percent
in the second half.
CEO Ed Ware recalls that
during the year his company was obliged to start
copyright litigaton against William Hill plc in regard
to its launch of an online casino branded 32Vegas.
Following the action, William Hill Online withdrew the
Playtech-powered brand, replacing it with a less
provocative offering.
32Red's online casino
brought in the bulk of the year's gross win at GBP 11.5
million, just 1.7 percent down on the same period in
2008.
The group’s flagship 32Red online casino
generated gross win of GBP 11.5 million for the year,
1.7 percent down on the GBP 11.7 million recorded in
2008. The popular casino boosted revenues by 21 percent
in the second half of 2009.
The company will
invest more in marketing in 2010, Ware revealed, and
would be pushing the newly launched (see previous
InfoPowa reports) sports betting service it has
introduced on the iBroker platform furnished by Global
Betting Exchange.
Online Casino News Courtesy of
Infopowa
More news here.
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