Jumps in profits for 32 Red Online Casino
32 Red, amongst the leading online casinos on the internet has just announced record profits for the first half of 2010. Total revenues for the casino toped £7.8 million in the first 6 months which shows a 34% increase compare to the figure recorded last year at the same time.32 Red offer various axis of gaming including online poker but their online casino is the most profitable as it has recorded huge profits.
32 Red Online Casino recorded 12000 new players into their database, which is a rise of 26% compare to last year while the cost of acquiring those players fell to £86. Although the average spend of each player falls from £360 to £353 but it has no such impact on the overall turnover.
The company CEO was delighted with the proceeding by stating “We believe that the 32Red brand and its core values continue to provide us with the tools to penetrate the online and mobile casino market successfully. Another period of strong recruitment at reduced cost per acquisition rates since the end of 2008 has gives us optimism for the prospects of the business going forward.”
The positive profile results posted by 32 Red clearly indicates the growth in online gaming industry despite the tough economic situations and interventions from law makers around the world.
