SBC News Voice of the Sports Betting Industry
Online casino operator 32Red has reported a fourth consecutive year of record revenues – up 21% to £35.6m – and underlying EBITDA – up 46% to £5.0m. Profit before tax was up 12% to £2.3m.
Chief executive officer Ed Ware said: “This is our fourth consecutive year of delivering double digit growth in both sales and EBITDA underpinned by a step-up in marketing investment and our continued focus on providing a second to none customer service. With the momentum continuing into 2014 and our greater focus on driving returns from our increasing marketing spend I am confident in making further progress in the year ahead.”
The number of active 32Red Casino players was up 24 per cent to 71,266, although the Casino player gross gaming yield was down slightly at £485, as was the number of new 32Red casino players down to 38,033 from 41,918. Mobile revenues were up 136% on 2012, representing 21% of total casino revenues – more than double the figure from the year before.
