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Trading statements

32Red delivers record annual gaming revenues

21 January 2016 07:39

32Red has delivered record annual net gaming revenues in 2015 of GBP48.6m, up 51% from GBP32.1m a year ago. This very strong performance was driven by a combination of accelerated organic growth in its core business and a contribution from the Roxy Palace business acquired on July 14.

Early trading in 2016 has been strong across the company's products with revenues for the first nineteen days in January up 27% on the corresponding period in 2015 and up 54% including contribution from Roxy Palace.

CEO Ed Ware said:

"This excellent outcome is a reflection of the strength of the 32Red business, our talented and dedicated team, as well as our first class marketing and appealing brands.

"As a result of the strong organic growth delivered throughout the year as well as the smooth integration of the Roxy Palace business, the Company expects to report EBITDA slightly ahead of expectations for 2015 when it announces its preliminary results on Thursday 10 March 2016."

Story provided by StockMarketWire.com

Related Company: TTR

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