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32Red Reach Record Revenue for First Half of 2016Published September 26, 2016 by Ivan P
32Red reveals a record half-year revenue, boasting an impressive 63% year-on-year increase.
32Red Plc, a well known gaming operator, has come out with their figures for the first half of 2016, showing record revenue for the period. The company's year-on-year revenue has increased astonishing 63%, totaling £30.4 million.
Casino Operations Main Contributor
The Gibraltar based company is not limited just to online casino games, as they also offer sports betting and online poker. However, their casino segment was the main factor in the increase, accounting for £20.4 million. Other products contributed with a total of £2.3 million.
Rounding up the successful first half of the year (concluded with June 30), were 32Red operations in Italy, bringing in additional £1.1 million, as well as their latest acquisition, Roxy Palace, adding £5.8 million to the total.
32Red Management Optimistic About Future
Commenting on this very positive trend, CEO of 32Red Ed Ware emphasized that the numbers are a direct result of the company's strong growth and expansion across all of 32Red brands. The management is happy with the results and they are looking forward to the future, expecting to meet their end-year goals without any issues.
In their efforts to attract more customers and further expand the business, 32Red came out with a new multi-platform website. That project has proven to be a success and has delivered some very promising results thus far, boosting the company's bottom line.
Apart from revealing their financial results, 32Red also announced they have extended their partnership agreements with several key companies. One of them is the casino games provider Microgaming. The new agreement will become applicable on November 1 and it should help 32Red increase their presence in regulated markets.
The company renewed another crucial partnership, the one with the UK television network ITV. The deal will allow 32Red to roll out a new slot game based on the ITV's propriety variety show "Ant & Dec Saturday Night Takeaway," to accompany their previously published "I'm a Celebrity... Get Me Out Of Here!" slot.