Online Casino News - Tough times for 32Red
3rd of September 2009 - latestcasinobonuses.com
Revenues down 11.2 percent
The challenging world economic environment has adversely impacted popular online casino group 32Red, which this week reported H1 2009 numbers showing an 11.2 percent decline in revenues to GBP5.8 million (H1 2008: GBP 6.4 million).
The declining revenues came despite more active players on the core Internet casino operations; there was a rise of 23 percent to 14 490 in the number of active players using the facilities, along with an increase in new sign-ups of 19 percent to 9 733, thanks largely to a successful television campaign.
CEO Ed Ware said that despite the disappointing figures, the company was well poised to take advantage of improvements in the economic climate.
Commenting on company highlights, Ware noted the advent of 32Red Rummy and 32Red Spreadbet in the first quarter, along with a sponsorship of the Swansea football club which will run through to 2011.
Investments in operational technology had enabled the firm to predict savings of GBP400 000 a year, he revealed.
General Gambling News
28th of March 2012
16th of February 2010
19th of June 2013
10th of May 2013
3rd of May 2013
7th of May 2013
30th of April 2013
1st of May 2013
26th of April 2013
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
$40 No Deposit Bonus. Sponsored by WinPalace Casino, US OK.
Disclaimer Contact Us Privacy Gambling Help Site Map
LatestCasinoBonuses.com © 2006-2013