32Red Reports Financial Growth
32Red has reported a return to financial growth, crediting the success of the company in H2 (the second half of the business year) to the company’s “flagship” product, 32Red Casino. The casino has generated a “gross win” of £11.5 million and, from the second half of the business year through till December, profits were up 18% to £6.9 million.
32Red has suggested that their success in the casino is due to, in part, the removal of 32Vegas, which the company took down in August 2009 for infringing on copyright. However, the casino now faces competition from 32LVegas.com. 32Red’s CEO, Ed Ware, has suggested that in 2010, the company will be investing in marketing, as well as the launch of their new sports betting service, 32Red Bet.
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