Marketing Puts Gaming Realms In The Red

But revenues and player acquisitions are climbing

Online gambling group Gaming Realms has reported a mixed bag of financial news for the six month period to end March 2014, noting that revenues soared 400 percent to GBP 3.6 million in the period and player acquisition is good, but that aggressive marketing has created a loss prior to taxation of GBP 4.9 million (2013 same period GBP 3.4 million loss).

Chief executive Patrick Southon is unperturbed by the loss, saying that it was expected due to heavy marketing and is in line with the company's overall financial strategy.

"We are pleased with our growth in player acquisitions and revenue. In accordance with our business strategy and financial plan, we invested aggressively in marketing, which has translated into a solid foundation for the future growth of our business," he said Monday.

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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