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03 Sep 2010
32Red reports increase in first half profits
By Pete Hayman
32Red reports increase in first half profits


Online gaming operator 32Red has posted a 38 per cent increase in pre-tax profits before exceptional items for the first half of 2010, compared with the same period last year.

Total revenue excluding casino acquisitions also grew by a quarter during the six-month period ending 30 June, along with a 33 per cent increase in revenues. The group's casino business has helped drive the company's growth.

32Red chief executive officer Ed Ware said: "The first half of 2010 represents a record performance and follows a previous set of records achieved in the second half of 2009. This is in contrast to the negative growth experienced in H1 2009.

"The underlying strength in the business has continued into July and August, with revenues up 19 per cent on the corresponding period in 2009."


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