March 5 - Online casino and poker operator 32 Red in its annual
results presentation said that it still saw significant growth opportunities
in the UK and Europe, the company's key markets. 32 Red delivered very positive
results for 2005...
Ed Ware, CEO of 32 Red, announced pre-tax profits of £1.3m (US$2.27m), up
from from £1.1m the previous year. Group turnover was up from £1.97m to £3.48m
and total active players more than doubled to 17,587, compared to 2004. New
players acquisitions were up 91% on 2004 at 14,451.
82% of players coming are from the UK and Ireland, with Scandinavia and the
US making up most of the balance. "There is still a lot to go for in the UK.
Party Poker and 888 Holdings have been the ice breakers and we are following in
their footsteps and picking up new players" said Ware.
Ware also announced that 32 Red is looking to enter the sports betting
market, and are looking at white label partnerships and possible acquisitions.
The move makes sense considering that companies like Sportingbet are seeing huge
success from having a full portfolio of products.
32Red went public in September 2005, around the time when PartyGaming
expressed its concerns over poker growth, but Ware commented that positive
sentiments seem to have returned.
Click here to read our review of
32 Red Online Casino. 
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