32red, one of the most unique and popular online casinos in the world and a favourite of many players here at Mr Gamez, has announced their financial results covering the first half of 2013 and they demonstrate that the brand is going from strength to strength. By far the most notable and impressive aspect of the results is the fact that the company saw an increase of 15% on their half year revenues on 2012, with an improvement to £19 million.
As a casino-only brand, it will come as no surprise to see that the vast majority of the revenues came from the dedicated 32red online casino itself. £17.4 million of the £19 million total came from their established casino brand which itself was a rise of 14% from the £15.2 million total of 2012.
The other standout, particularly for us here at Mr Gamez who follow the global casino market closely, is that the H1 figures for 2013 offer the very first insight into the performance of the recently regulated Italian online casino gaming market. While details are thin on the ground, 32red posted that half a million of their total revenues came from Italy. This in itself may not sound like a huge amount, but with there being no such thing as an established casino company in the country and everyone still feeling their way around, the news is definitely promising and goes some way to proving that companies that did opt to enter the Italian market made the correct decision. The fact that 32red is already an established brand among Italian players ensures that the head start could prove pivotal in the future and we will be keeping a close eye on further financial statements from the company – you can of course keep up on all of the developments here on the Mr Gamez blog and news section.
Ed Ware, CEO of 32red, addressed the Italian aspect of the results specifically: “We are pleased with another strong performance from 32red. As with a lot of other new entrants in the Italian market, we are finding progress slower than expected. However, we remain confident that this will develop into an important and lucrative territory for 32red.”
32red Casino is home to a wide selection of Microgaming titles together with a number of unique, custom built games that players can enjoy around the clock. If you have a particular Microgaming favourite here at Mr Gamez, be that in the slots, table games or video poker sections, then you are guaranteed a great time with some familiar games, not to mention industry leading bonus packages. Check out our detailed 32red Casino review for much more on this industry leader.