Online gaming operator 32Red reported that it experienced significant growth during the year ended December 31, 2008.
The company revealed that total gaming revenues increased by 27 per cent to £13m last year, with its 32Red online casino performing strongly and growing by 30 per cent. This growth in casino revenues was attributed to an increase in active player numbers and an improved yield per player.
"Our good performance in 2008 puts 32Red firmly back on its growth path with revenues from our core business, the 32Red casino, growing strongly," said Ed Ware, chief executive officer of 32Red. "We will continue to increase our marketing spend in 2009 and anticipate good results from our recently launched television advertising campaign in the UK.
"We will continue to compete effectively against our larger peers through our existing platforms and the addition of new products to the 32Red portfolio, including financial spread betting, due to go live later this month."
