(Adds casino, poker revenue and banker discussions)
LONDON (AFX) - 32Red PLC posted a 47 p
ct rise in full-year revenue but reiterated its December warning of full-year combined operating results falling 'significantly' below current market forecasts on poor trading at Bet Direct.
The online casino, poker and sportsbetting operator said its full-year revenue rose to 14.36 mln stg, including 3.45 mln stg from the Bet Direct business acquired in June 2006.
32Red said total active customers rose to 84,595 from 17,597 in 2005 and new customers rose to 42,866 from 14,451 in 2005. Bet Direct, however saw a fall in active customers to 46,139 and new customers to 11,115 since acquisition.
The company said in 2006 total casino revenues rose 5 pct to 9.42 mln stg and poker revenues rose 77 pct to 1.49 mln stg. However, casino player yield fell 45 pct to 467 stg and poker player yield fell 30 pct to 82 stg, the company added.
32Red added it continues its discussions with its bankers and continues to meet all interest and capital repayments as they fall due.
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