Less Ads, More Data, More Tools Register for FREE

32Red's trading in line with directors' FY views

Fri, 29th Jul 2016 13:00

(ShareCast News) - Online gaming operator 32Red said its trading is in line with directors' full-year views as it booked a 63% record surge in half-year total net gaming revenue (NGR) to £30.4m, from £18.6m."Our excellent growth was achieved despite a very active sports market towards the end of the Period coinciding with the European football championships," said chief executive Ed Ware."This demonstrates the appeal of the 32Red brands and customer experience as well as the opportunities ahead for 32Red to deliver further growth as we exploit marketing opportunities."32Red added that the strong trading momentum had continued since the period end on 30 June, with the number of like-for-like (LFL) active users in the first 27 days of July 2016 up 21% on the year.LFL wagering levels were up 33%, although an unusually weak casino gross win margin resulted in NGR being slightly behind (-2%) a very strong July 2015 comparative.

Related Shares

More News
21 Sep 2016 06:59

32Red Signs Deal With ITV For I'm A Celebrity And Ant & Dec Games

13 May 2016 09:38

WINNERS & LOSERS SUMMARY: Inmarsat Bruised By Eutelsat Read-Across

13 May 2016 06:50

32Red To Sponsor Leeds United Football As Net Gaming Revenue Surges

6 Apr 2016 15:41

Director dealings: Big sale at Auto Trader, modest incentive for 32Red COO

(ShareCast News) - The bid director deals of the day were undoubtedly the huge profits taken by Auto Trader's main executive management team a year af...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.