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32Red Poker Revenue Falls 14 Percent in First Half 2010

Poker Underperforms As Overall Revenue Rises at 32Red

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32Red Poker Revenues Fall 14 percent in first half 2010Poker revenue dropped 14 percent at 32Red in the first half of 2010 compared to the same six months in 2009 according to the company’s latest trading statement.

Revenue for the first six months of 2010 was £400,000 compared to £500,000 a year earlier.

These figures echo the decline of revenue for full year 2009 when it fell 7.3 percent to £971,000 from £1.01 million in 2008.

However overall revenue at the publicly-quoted company, which hosts bingo, casino, and sports book business lines, grew 33 percent to £7.8 million in the first half of 2010 from £5.8 million a year earlier.