32Red Reports on Excellent Revenues in 2016

32Red.com, the gaming group that runs the Microgaming backed 32Red Casino, posted its revenue report for 2016. The group said that last year was a record-breaking one, with a massive 28% growth in corporate revenues – from GBP 49 million in 2015 to GBP 62 million in 2016.

It was only recently that 32Red announced that it is being acquired by Kindred Group (former Unibet Group) for GBP 175 million. Kindred will incorporate 32Red Casino, 32Red Sports and Roxy Palace Casino (also powered by Microgaming), onto its platform. This new deal will greatly increase 32Red’s value even more in the long run.

Ed Ware, the CEO OF 32Red, said after the release of the report: “It is once again a pleasure to announce another record annual performance from 32Red. In 2016 the Group delivered continued strategic progress across the business with outstanding growth on mobile, further successful product enhancements and highly successful marketing investment, all the while maintaining one of the highest levels of regulated revenue amongst our peers. This outstanding operational progress has resulted in another hugely successful financial outcome with EBITDA more than doubling and revenues rising by an impressive 28% to exceed prior records.”

Ware said that the 2016 performance is a testament to the efforts of the group’s excellent team, and that their passion, skill and dedication continue to drive the business forward.