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UK-Facing Online Casino Releases Profit Report
 September 3, 2006, 11:59 am (5 years ago)The highlight of interim results by 32Red Plc, for the six months ending 30 June 2006 is a near 50 percent increase on total revenues against the same period last year.
Casino revenues have gone up by 27 percent to £5 million. Poker figures show an improvement of a staggering 134 percent against the previous six months to £600,000. The financial statistics also shows that total revenues are greater by 48 percent on the same period in 2005 to £6.2 million.
Because of a slow come back from the football world cup, trading since June 30 has been mixed. So the company to declared that even though the sign ins are improving, the that market targets for the current year may still not be met.
“Trading in the second half to date has not recovered as quickly as anticipated from the gaming industry-wide World Cup slowdown, but our Key Performance Indicators do demonstrate encouraging trends for the future,' says 32Red CEO Ed Ware. He also emphasizes that 'We believe that the acquisition of Bet Direct in June will significantly enhance the scale and diversity of the business, and are confident that 2007 will present many opportunities for the enlarged group.”
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