September 23 - 32Red Plc, a UK owned online gambling group that
operates an online casino and poker room under the same brand, has been granted
permission to list on the London Stock Exchange AIM (Alternative Investment
Market). The share was admitted on Friday, with 47,335,500 shares being issued
at a market market capitalization of around GBP60 million.
32Red.com is a Microgaming powered casino and the poker room,
32Redpoker.com is a skin of the Microgaming powered Prima Poker network. The
network currently claims 400,000 registered members. For the six months of
trading up to 30 June 2005, 93.4% of income came from the casino and a mere
6.6% from the poker room, which is relatively new.
"We have earned a good reputation in the UK market for delivering a quality
online gambling product. We have invested heavily in software, payment
processing, customer support and marketing, which has delivered results and
earned us strong growth" commented Ed Ware, CEO of 32Red.
Ed:
32Red in my opinion is one to watch. There are some very high powered people
behind this group and they deliver a quality service. I have recently started
playing at 32Red and will be reviewing their products soon.
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