Slight drop in profits for 32Red is not a problem

Recent year end results for 32 Red the internet casino have shown that although the company has suffered a slight dip in pre-tax profits with a drop of 7%, the company on the whole however is doing really well and 2009 is considered on course for expected performance. Certainly given the current economic crisis it is heart-warming to at least see some good financial news. The slight reduction in the profits for the internet casino appears to be from increased administration costs, but overall the company is doing extremely well.

The Chief Executive Officer for 32 Red Casino Ed Ware, has stated that the company is geared towards continued growth and anticipates that the 32 Red Casino brand will stimulate further increases in revenues. Given the figures for December 2008 it is easy to see why Mr Ware has such confidence; the gross win per player is up by 27% on 2007, Casino gross win is up 30%, active casino customers are up 15%, new casino players have increased by 7%, the £13m total gaming revenue has also increased significantly by 27%.

32 Red Casino are committed to increasing their marketing budget and the results from recent UK television advertising, seems to be encouraging. The internet casino has also recently diversified into financial spread betting with the launch of 32 Red Spreadbet, with the increase in their current portfolio of products it is also likely to make 2009 a good year.

32 Red Casino founded in 2002 and powered by Microgaming, is an award winning division of gaming company 32Red plc, based in Gibraltar 32 Red Casino provides over 200 casino games for online casino players to enjoy. New account holders benefit from a whole package of new member offers which includes the ‘6 Pack Bonus’ which provides up to £250 plus free chips and games.