32Red Makes Progress in the UK Market

July 25, 2012

32Red is an online gaming operator that specializes in internet casinos. The poker revenue generated from the site has remained stable from 2011 and all through the first half of 2012. The company states that their revenues by the end of this year would rise far above market forecasts.

Details of 32Reds revenue  

32Red earned £600,000 in the first half of 2012 only in poker revenue. The amount was similar to the casinos earnings in the first half of 2011 but higher by 20 percent from the amount earned in the second half of 2011. The casino earned £500,000 is the latter half of 2011.

Overall, the company witnessed revenues breaking records by the gross winnings rising to £16.5 in the first part of 2012. The rise was a 50 percent jump from 2011, where the revenue made in the first half was just £11 million.

Ed Ware, the Chief executive officer from 32Red stated that the consistent growth in revenue event with strong competition stands as proof to the solid new player recruitment that result from higher investments in the main market, which is the United Kingdom. Ware added that the company aims to continue with their current progress and are also aiming to enter into the Italian market.

He is also of the opinion that although 32Red recognizes the probably economic and regulatory uncertainty all overEurope, the company is still looking forward to progress in the latter half of 2012.

32Red to outdo revenue forecasts

The revenue of the company, based inGibraltarwas up by almost 30 percent in the first 3 weeks of July. Ware stated that the current trading and strong H1 trading performance will probably witness the company delivering revenues that are way past market expectations for this year.

The profits that are being realized by the company are in line with the expectations of the management. 32Red is following in the footsteps of rivals like Paddy Poker and William Hill.

About 32Red Casino

32Red online casino is owned by 32Red Plc. The casino obtains its license from the the Government of Gibraltar. It is considered the top betting company by The London Stock Exchange.

The casino software is powered by Microgaming, which is a world leader in developing gaming software. All the details of players’ are extremely safe on this website, which uses a 128-bit encryption in order to secure information. The site is very well designed with its catchy red and black theme. Navigation is simple and the site is very user friendly.

All the games are crisp and vibrant in terms of their visual characteristics; the site offers high definition video wherever it can.

Players can deposit money into their accounts through several secure methods, which feature all major credit and debit cards. E-wallets, checks and internet banking can also be used to deposit and withdraw money. Some of the options provided include Maestro, Visa, MasterCard, PayPal, Paysafecard, Neteller, Ukash, Skrill Moneybookers, Entropay and Click2pay.