32Red Revving Up Italian Market with Online Casino, Poker and Bingo

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32Red Revving Up Italian Market with Online Casino, Poker and Bingo

Back in March, 32red obtained a license in the dot.it with plans to launch a casino, poker and bingo offerings by end of year. Hailed as the “Casino of the Decade” and one of our top approved online casino operators, 32red follows a 50% year-on-year overall revenue increase to £16.5m, with casino contributing the bulk of the total after a year-on-year increase to £14.5m compared to £9.5m in H1 2011.

“We have been encouraged by recent Italian legislation purported to allow online operators to offer online bingo as early as November and online casino slots in December.” Chief executive Ed Ware said: “While we continue to focus on our core market of the UK, we look forward to utilizing our Italian license to expand the profile of the brand and to grow the business in another regulated market.”

“We are very pleased to have delivered another strong performance during the first half of 2012, across all key measures,” Ware added. “This performance has continued during the first two months of the second half of the year, despite the excitement and distraction of the Olympic Games.”

Ivor Jones, analyst at Numis, reiterated his firm’s ‘Buy’ recommendation, saying: “32Red is revving up, increasing marketing spend to drive future growth while maintaining profit and dividend growth.”

This past week the online casino announced the latest winners with some BIG payouts that included Nigel H.’s win of £7,811.90 playing Gold Factory, Anne C.’s win of £4,635.00 playing Thunderstruck, and Vegas Strip Blackjack Gold paid out €3,400.00 to Michael R. In total £2,301,953 was paid out yesterday – will today be YOUR lucky day?

32Red offers new casino players a welcome bonus of £32 for every £10 deposited. One step further, the online casino offers, Club Rouge is an exclusive casino VIP club which is by invitation only. Club Rouge members enjoy bigger bonuses, complimentary gifts and accumulate even more Red Rubies.

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