TTR.L Regulatory News (TTR)

18 Jan 2006 07:00

32Red Plc18 January 2006 32Red Plc("the Company") Trading Update 32Red Plc, the award-winning online casino and poker operator, is pleased toprovide an update on trading for the year ending 31st December 2005. Key financials: • Total gaming revenues up 67% on 2004 to £9.77m • Casino revenues of £8.94m, an increase of 57% on 2004 • Poker revenues rose by 339% against the prior year to £0.83m Key Performance Indicators: • Total active players grew by 102% to 17,587 - Casino active players 10,605, up 54% on 2004 - Poker active players 6,982, up 277% on 2004 • Total new players recruited during 2005 rose by 91% to 14,451 • Casino player yields of over £500 per quarter for both Q3 and Q4 2005 • Quarterly poker revenue per active player of £79 and £80 for Q3 and Q4 2005 respectively Further good progress has been made since 32Red listed on AIM on 23 September2005. The Company performed strongly in the second half of the year, with totalgaming revenues of £5.5m up 32% on the first half of 2005, and 71% over the sameperiod in 2004. The Board expects the Company's financial performance for 2005will be in line with market expectations. The Company will report fully on the year ending 31st December 2005 on 15thMarch 2006. The New Year has started well and the Board is confident in the Company'sprospects for 2006. Commenting on the performance, Ed Ware, CEO said: "New customers continue to be attracted by the 32Red brand and the high qualitygaming experience it represents. Our core casino business saw us hit new heightsacross all key measures in 2005 and our poker product continues to grow verystrongly. With new software initiatives and increased marketing activity in thecoming months we expect to deliver further growth across the business in 2006." 18 January 2006 Enquiries 32Red Plc Tel: 00 35 049 396Ed Ware, CEOSimon Dimmer, Finance Director College Hill Associates Tel: 020 7457 2020Tom Baldock Notes to Editors 32Red is an award-winning online casino and poker operator licensed, regulatedand based in Gibraltar. For the past 2 years 32Red has been awarded Best Casinoby Watchdog and Player Advocate site Casinomeister. The Company attracts players from around the world but has a predominantly UKplayer base, with 83% of customers at www.32red.com and www.32redpoker.comregistered as coming from the UK. On 23rd September 2005 the Company listed on the London Stock Exchange'sAlternative Investment Market. This information is provided by RNS The company news service from the London Stock Exchange