Online Casino Transfer: News - Tremendous Comeback at 32Red

01/26/2010		Online Casino Style: News Tremendous Comeback at 32Red
Home History Games News Dictionary		A recent year end report filed by one of the most well-known online gambling companies in the industry has shown that a less than positive first half of the can very well be undone with the second six months of a calendar year. The management team at 32Red released to the press this week their 2009 final numbers, having come back from a first tough half to sum a gross revenue total of £12.8 million, a feat that many thought impossible. Though it was still down from the previous year (2008), it was only by 1.6 percent and is being hailed as a tremendous recovery, especially taking the economic weather into consideration. All said and done, the gross win was up an impressive 18 percent in the second six month period of the year, a feat that the chief executive officer, Ed Ware is clearly proud of. 2009 was no doubt a tough year for 32Red as not only was the worldwide online gambling industry struggling to keep up with their profit goals, but 32Red in particular had to go to litigation court against one of the, if not The most powerful internet casino group in the world, William Hill. The latter’s introduction of a new site, titled 32Vegas, infringed upon 32Red’s copyrights, and forced the pair to battle the argument in court, after which WH was forced to drop the brand name and replace it with a less infuriating title. 32Red managed to close the year with a gross win total of £11.5 million, down only 1.7 percent from 2008’s final numbers. Their flagship online casino carried the bulk of the business, making the firm a solid £11.5 million over the course of the year, boosting their second half profits up by 21 percent compared to the same period in 2008. Ware said that 2010 holds a number of great opportunities for the company, which will begin with a focus on marketing early in the year. More energy and money will be geared towards expanding their new sports book services, which has been introduced on the iBroker platform, offered through the Global Betting Exchange.

01/26/2010

Online Casino Style: News
Tremendous Comeback at 32Red

A recent year end report filed by one of the most well-known online gambling companies in the industry has shown that a less than positive first half of the can very well be undone with the second six months of a calendar year. The management team at 32Red released to the press this week their 2009 final numbers, having come back from a first tough half to sum a gross revenue total of £12.8 million, a feat that many thought impossible. Though it was still down from the previous year (2008), it was only by 1.6 percent and is being hailed as a tremendous recovery, especially taking the economic weather into consideration.

All said and done, the gross win was up an impressive 18 percent in the second six month period of the year, a feat that the chief executive officer, Ed Ware is clearly proud of. 2009 was no doubt a tough year for 32Red as not only was the worldwide online gambling industry struggling to keep up with their profit goals, but 32Red in particular had to go to litigation court against one of the, if not The most powerful internet casino group in the world, William Hill. The latter’s introduction of a new site, titled 32Vegas, infringed upon 32Red’s copyrights, and forced the pair to battle the argument in court, after which WH was forced to drop the brand name and replace it with a less infuriating title.

32Red managed to close the year with a gross win total of £11.5 million, down only 1.7 percent from 2008’s final numbers. Their flagship online casino carried the bulk of the business, making the firm a solid £11.5 million over the course of the year, boosting their second half profits up by 21 percent compared to the same period in 2008. Ware said that 2010 holds a number of great opportunities for the company, which will begin with a focus on marketing early in the year. More energy and money will be geared towards expanding their new sports book services, which has been introduced on the iBroker platform, offered through the Global Betting Exchange.