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Trading statements

32Red says H1 total net gaming revenues up 22%

22 July 2015 07:25

32Red said it continues to trade strongly with total Net Gaming Revenue up 22% to £18.6m (2014: £15.2m) in the first six months of 2015. 32Red confirms that trading remains comfortably in line with the board's full year expectations.

Trading momentum has continued since the period end, with Gross Gaming Revenue for the twenty days to 20 July up 35% on the corresponding period in 2014 (excluding the contribution from the recently acquired Roxy Palace casino).

Strong top line growth in the underlying business continues to be driven by increased player activity levels at the flagship 32Red Casino and it is particularly pleasing that player yields remain strong despite increased new player recruitment:

- Active Casino customers of 62,214 up 22% on H1 14

- Casino player yield £380 (H1 14: £400)

- New Casino players 26,407, up 12% on H1 14

- Casino player cost per acquisition: £197 (H1 14: £180)

- Mobile represents 42% of total Casino GGR (H1 14: 32%)

Update on 32Red.it:

NGR from the 32Red Italian Casino is up 67% to £0.9m (H1 14: £0.5m). A total of 4,285 new players were recruited in the first half (H1 14: 3,084) bringing the total number of active players to 8,443 (H1 14: 5,793). The Company continues to invest in marketing to grow market share in this recently regulated market and will look to add additional gaming products later in the year.

Story provided by StockMarketWire.com

Related Company: TTR

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