32Red Online Gambling Posts “Record revenue performance"

Published Saturday, July 30, 2016 - Online-Casinos.com
32Red Online Gambling Posts “Record revenue performance"

Online gambling operators are savvy investors that know what horse to put the money on. In many cases a solid reputation gained with hard work and research can propel a gambling service enterprise to great heights.

One such company that for a number of years has excelled in setting the standard for a great experience in the online gambling industry is 32Red Casino one of the longest-running online casinos on the planet. It is one of the most trusted casinos on the net and has continually won accolades from various casino affiliates and industry leaders. Licensed in Gibraltar, a respected regulated jurisdiction well-known for having the highest standards 32Red is doing well. Last January 2016 32Red announced record annual net gaming revenues of £48.6 million (€63.2 million/$68.9 million) for 2015. Chief executive officer of 32Red, Ed Ware commented back then, “This excellent outcome is a reflection of the strength of the 32Red business, our talented and dedicated team, as well as our first-class marketing and appealing brands.”

Now the firm has revealed it recorded a 63% year-on-year increase in total net gaming revenue during the first half of 2016. A company statement said the “excellent performance” was driven by a combination of strong organic growth in its core business, which was up 32% to £23.5 million and maintained the gains were attributed to its “highly effective and growing marketing investment”.

32Red’s chief executive officer Ed Ware said this was undoubtedly, “record revenue performance” and that, “This reflects the core strengths of the business: our strong brands, first class customer service and marketing expertise.”

“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."





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