32Red’s final results for the year ended December 31, 2012, report an increase in revenues for the third consecutive year while earnings are also up significantly.
Total revenues are up 28 per cent year on year, from £25m in 2011 to £32.1m last year with EBITDA rising 23 per cent to £3.4m in the same period. The final dividend paid out was also up significantly, by 17 per cent to 1.4p per share.
The online casino attracted more than 40,000 new players in that time - an increase of 52 per cent - and also saw an encouraging start to its operations in the Italian market.
Ed Ware, CEO, said: “Not only have we delivered our third successive year of record results in 2012, but we have also successfully launched the 32Red brand in the newly regulated Italian market. Our strategy of increased investment in marketing is delivering strong levels of new player recruitment.
“This year has started strongly and we are confident of further progress in 2013, both financially and operationally, as we continue to grow the 32Red brand in regulated markets,” added Ware.
Trading in the first 11 weeks of 2013 has also been strong with revenues up 13 per cent on the same period in 2012.
