2011 a Record Year for 32Red Plc

Gibraltar-based online gambling operator 32Red Plc, which owns and operates top-rated 32Red Casino, is riding high after it recently reported that 2011 was its most lucrative year to date as it posted record revenues of £25 million.

According to 32Red's record financials in 2011, the company's total revenues increased by a mammoth 48 percent compared to 2010, aided by a 47 percent jump in its online casino business.

During the 12 month period, 32Red signed up 27,648 new depositors - excluding acquisitions - a notable 42 percent increase compared with the previous year, at a £143 average cost per acquisition.

32Red Showed Significant Revenue Growth in  2011

Thrilled at 32Red Plc's financial performance for the 12 month period, executives at the large online gaming firm were reportedly 'very encouraged' by the firm's significant revenue growth in 2011, which was 33 percent greater than its 2009 figures.

'We will continue to grow marketing investment and believe this performance will have a positive effect on activity levels in 2012 and beyond,' said a 32Red statement, which went on to say: 'This accelerated new player recruitment has resulted in total active depositing players increasing by 39 percent to 39,687 during the year with average yield per depositing active player up to £550.'

The Gibraltar online gambling company admitted that its impressive trading position has extended into 2012, and has been good across all of its products. It reported that its gross win was up 67 per cent in the first 24 days of the New Year compared with the same period last year.

Said 32Red Plc CEO, Ed Ware, 'There is no doubt that 2011 was another year of progress and the sustained top-line growth is encouragement to continue to invest in marketing the 32Red brand. Meanwhile, we'll take measures to ensure that the level of service and support we provide to our players remains our point of difference and bolsters retention.

32Red Eyes Lucrative Remote Gaming Industry in Italy

'And although we recognise the potential for uncertainty in the economy at home and abroad, we look forward to further progress during 2012. We also believe Italy represents a good opportunity for 32Red to establish itself as a leading remote gaming operator in a new market and we maintain a watching brief on other regulatory developments around the world,' he said.