TTR.L Share News (TTR)

Online gaming operator 32Red reported an 11% drop in overall revenue as it continued to widen its player base in the half-year period.Revenue fell to £5.8m for the six months ended 30 June 2009 while pre-tax profit fell to £234,227 from £791,510 the same time a year before. Active casino players in the six month period rose 23% from the second half of 2008 to 14,490 while new casino players rose 32%.Commenting on trading CEO Ed Ware said, "Despite the global recession, 32Red has managed to grow its new casino players by a record 9,733, driven in part by our new television advertising campaign that has helped deliver a lower cost of customer acquisition.""32Red now has an excellent offering for customers covering all aspects of online gaming and is well positioned to take advantage of any improvement in market conditions. During the period we have also signed a sponsorship deal with Swansea City Football Club and look forward to working with them throughout this season and the next," he added.