New punters place bets on growing 32Red

Joseph Millis
ONLINE gambling firm 32Red yesterday reported its net gaming revenue rose 22 per cent in the first half, as the group increased its active and new customer numbers.

32Red said its net gaming revenue for the six months to the end of June rose to £18.6m from £15.2m a year earlier.

The report comes on the back of its £8.4m deal earlier this month to buy rival Roxy Palace – a purchase chief executive Ed Ware told City A.M. “ticks a lot of boxes for us”.

Trading momentum has continued since the end of the half, with gross gaming revenue rising 35 per cent in the first 20 days of July, the company said in a statement.

“Our continued focus on customer service, combined with increased marketing expenditure and cross sell from supporting products has driven double-digit organic revenue growth in the 32Red casino in the half year,” said Ware.