32Red Casino have been at the forefront of the mobile gaming explosion and it therefore comes as little surprise to us at Free Slot Money that today they have announced impressive revenue growth in the 12 months to December 31, 2013.
Gross gaming revenue increased 21% to £38.8 million (€46.9 million/$65 million) in 2013, which in turn led to a 15% rise in total net gaming revenue to £25.4m, with EBITDA totaling £5 million in 2013 this represents growth of 46% on the £3.4 million recorded in the previous year. Additionally the company has revealed that pre-tax profit increased 12% from £2 million in 2012 to £2.3 million in the last 12 months.
These impressive statistics have been largely attributed to significant increase in mobile revenue, which experienced 136% year-on-year growth and now represents 21% of total casino revenues. Additionally aggressive sponsorship and media campaigns have helped add 38,033 new 32Red Casino players in 2013.
Understandably pleased with the numbers 32Red CEO Ed Ware said “This is our fourth consecutive year of delivering double digit growth in both sales and EBITDA underpinned by a step-up in marketing investment and our continued focus on providing a second to none customer service.
“With the momentum continuing into 2014 and our greater focus on driving returns from our increasing marketing spend I am confident in making further progress in the year ahead.”
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