32Red Poker Revenue Down 11 Percent in 201232Red Sees Record Revenue For Third Year In A Row But Poker Suffers |
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32Red, the online casino, saw online poker revenue fall 11 percent in 2012 to £1 million from £1.1 million in 2011.
This compares to an increase of 15 percent in 2011 compared to 2010.
However overall the company saw record revenues for the third straight year with total revenues up 28 percent to £32.1 million from £25 million. Casino made up £30 million of this amount.
Ed Ware, chief executive officer, said, “The Company has enjoyed another year of considerable progress thanks to the focus and drive of the 32Red team. 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”
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