32Red Plc.an award-winning gaming operator, has revealed that figures for the first half of 2016 show record revenue for the period with the company’s year-on-year revenue having increased by 63%, totaling £30.4 million.
Gibraltar-based 32Red not only offers online casino games but also offers players sports betting and online poker. However, the company’s casino division was the main factor in the increase and accounted for an amount of £20.4 million. The other products contributed with a total of £2.3 million.
32Red’s operations in Italy rounded up the successful first half of the year, and brought in an additional amount of £1.1 million. The company’s latest acquisition, Roxy Palace Casino, brought in an additional amount of £5.8 million to the total.
Ed Ware, Chief Executive Officer of 32Red, commented on the positive trend by emphasizing that the numbers are a direct result of the company’s strong growth and expansion across all of 32Red brands. He also said that the management is happy with the results and they are eagerly looking forward to the future, expecting to meet their end-year goals without any issues.
In an endeavor to attract more customers and further enhance the business, 32Red launched a new multi-platform website that has delivered very promising results so far, boosting the company’s bottom line.
32Red has also announced the extension of their partnership agreements with a number of key companies, one of them being the casino games provider Microgaming. The new agreement comes into effect on 1st November 2016 and should see 32Red increase their presence in regulated markets.