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All Around Increases

The name may be a bit misleading for the 32Red online casino gambling group because the company is doing anything but operating “in the red.” 32Red is a popular gambling site that made headlines late last year because of the sale of the company’s fledgling betting division. With BetDirect off of 32Red’s performance reports the company is doing better than ever all across the board. With the month of June firmly over many companies have released the second quarter and half-year reports; 32Red released the company’s stellar half-year results. Other online casinos have reported some troubles in the first half of the year, but 32Red only saw increases so far in 2008.

Internationally speaking many of the major online casino gambling jurisdictions are undergoing a rough patch – the economy is down and gambling revenues are seeing a small decline. 32Red though has managed to maintain total gaming revenues and even increase from 2007 – bringing in a significant 26 percent increase over the same period of time last year. The number of players flocking to 32Red’s online casinos has also increased significantly over the first half of 2007 – 13.5 percent more active casino gamblers.

The first half-year report is right in line with the online casino industry’s expectations – and also right in line with what 32Red expected once it was no longer responsible for the BetDirect business. Stan James actually purchased BetDirect from 32Red for a bargain and has managed to turn that division and business in the direction of profit for this year as well. All in all, 2008 is turning out to be a positive financial year for the 32Red online gambling group and the company expects to continue the positive performance into the second half of the year.