Published by CasinoTopsOnline on January 29, 2016 in Industry News

32red casino annual earnings growThe recent announcement of 32Red’s annual earnings shows that 2015 was a record year for the casino. Breaking all previous records set by their earnings in previous years, 32Red’s income for 2015 was set at £48.6 million.

The number alone may not make much of an impression, but 32Red’s incomes has spiked by 51% since 2014. The company states that this growth is owed considerably to a deal with Roxy Palace that injected a sizeable £5.2 million contribution into the business in July 2015. There has also been a lot of focus on expanding the core business of 32Red in the last year. 

A look at which branches of the company brought in the most revenue shows that net gaming brought in 32% of earnings. Other products offered by 32Red are also up an impressive 42% since the previous year.

Looking to what 2016 holds

As many companies around the world assess their strengths and weaknesses starting off the new year, 32Red has already seen a growth in its revenues. In addition to 32Red Sports and 32Red Poker, the company has seen an increase of 27% (compared to the same period in 2015) in the first few weeks of 2016.

The deal with Roxy Palace has boosted 32Red significantly with the contributions from the agreement causing an increase of 54% compared to last year. The additional services and information acquired through the deal has helped 32Red exponentially. A large customer database, Roxy Palace assets, rights to intellectual property, hundreds of casino games, as well as the more than 230,000 registered players “inherited” via the deal – all of this and more has boosted 32Red’s earnings and will undoubtedly continue to do so.

Chief Executive of 32Red, Ed Ware, stated that the company will be expanding its reach to the Italian market and other areas throughout 2016. With their eye on even more records to break throughout this new year, 32Red has a busy and successful year ahead.