32red Online Casino Revenue Up 63 Percent In H1-2016

Record high in net gaming revenue achieved by Gibraltar-based online gambling group

The 32Red online gambling group posted its H1-2016 numbers Friday, reporting record net gaming revenue at GBP 30.4 million – up an impressive 63 percent year-on-year. Other metrics recorded by the group included:
* Online casino division revenue up y-o-y 24 percent at GBP 21.2 million;
* Revenue from other verticals up 223 percent at GBP 2.3 million;
* Good growth in the Roxy Palace business acquired in July last year, with the brand the brand contributing GBP 5.8 million during the half-year;
* Mobile remained the fastest growing vertical in terms of both both revenue and new player acquisition, with revenue up 45 percent year-on-year and delivering more than half overall revenues;
* Italian operations flourished, with revenue growing 33 percent year-on-year at GBP 1.1 million;
* Strong organic growth in the group’s core business – up 32 percent to GBP 23.5 million.
Group CEO Ed Ware said that investment in accelerated, returns-oriented marketing and a focus on delivering organic growth had contributed to the successful half-year, and that the company was looking for further relevant and value-contributing acquisitions.
“These results reflect the core strengths of the business: our strong brands, first class customer service and marketing expertise,” Ware onserved, adding:
“32Red is in excellent health with a number of exciting opportunities ahead. We have a focused strategy to deliver continued organic growth as well as potential acquisition opportunities and we continue to look to the future with confidence.”

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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