32Red, a giant in the online gambling industry released their annual report for 2013. In the report 32Red announced that they had a record amount of revenue for the year of 2013.
The key financial highlights for 32Red in 2013 were the following. The online casino was able to bring in an extra 21% in total gaming revenue compared to 2012 that means they earned an extra $38.8 Million Dollars in profit. Their online casino GGR was able to go up by 18%, bringing in an extra $35 of the total $38.8 Million for the GBP. 32Red also saw an increase in player activity of 25%, this means they had an extra 71,266 players this year.
32Red was able to have their best year yet due to a series of high profile sponsorships they had with various companies. 32Red has sponsorship deals with the All-Weather Horse Racing Championships, FC Bologna, Paul O’ Grady’s TV Show, Channel 4’s Late Night Films and “I’m a celebrity get me out of here”, another TV show aired in the UK.
Ed Ware, the CEO behind 32Red commented on the performance on his company saying, “We all cannot be more pleased with the results of 2013. We wanted to create a series of new sponsorship deals this year that would allow for us to grow as a gambling service. Through these sponsorship deals we have grown in Italy, the United Kingdom and all across Europe. We plan to take the extra money we have earned this year and dump it back into our gambling services. This way our players will continue to have the same high quality experience their used to.”