32Red plc, the award-winning online casino, poker and bingo operator was established in 2002 and listed on the London Stock Exchange governed Alternative Investment Market (AIM) in 2005. 32Red is licensed and regulated by the Government of Gibraltar, where the Company's entire operations are located.
32Red was founded by Ed Ware, who left his position as Managing Director of Ladbrokes International in 2000 to pursue his vision of an independent, specialist online casino. Backed by friends and associates and a good deal of personal financial commitment, Ed and the talented management team he has assembled have grown 32Red from a start-up venture into one of the industry's most respected operators.

Since inception, all 32Red operations (including marketing, customer support, IT, maintenance of customer accounts and payment processing) have been managed from offices in Gibraltar. The Company's servers host MicroGaming casino software which is used to generate all casino game play and to maintain customer accounts. 32Red's Poker activities are offered through the Prima Poker network with customer support and account maintenance managed in-house by the 32Red team in Gibraltar.

32Red currently employs circa 40 people. The Company enjoys a young and vibrant culture where senior managers are in touch with the needs of the players and those charged with delivering the 32Red philosophy at the sharp end.


http://www.32redplc.com/

Poised for a new high

Final Results



Key highlights:



· Fourth consecutive year of record revenues and underlying EBITDA

· Increased investment in CRM stimulating player activity levels

· Increased Q4 investment in marketing to drive new player recruitment

· Strengthening of the Executive Board

· Progress in Italy - c. 1% market share in growing regulated Italian online casino market



Key performance indicators



· Active 32Red Casino players up 24% to 71,266 (2012: 57,338)

· Casino player gross gaming yield £485 (2012: £500)

· 38,033 new 32Red casino players (2012: 41,918)

· Casino player cost per acquisition: £156 (2012: £147)

· Mobile revenues up 136% on 2012, representing 21% of total casino revenues (2012: 10%



http://www.moneyam.com/action/news/showArticle?id=4767733

LISTEN: 32Red (TTR) - 2013 Final Results

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Final dividend - amendment to record date

RNS


RNS Number : 9465B

32Red Plc

10 March 2014






32Red Plc

("32Red" or the "Company")



Final dividend - amendment to record date



32Red is today amending the information regarding the Final Dividend record date contained in its Final Results announcement published on 6 March 2014.



The Final Dividend of 1.0 pence per share for the year ended 31 December 2013 will be paid to shareholders whose names appear on the register on 4 April 2014 rather than on 2 April 2014 as previously advised. The payment date continues to be 2 May 2014.



10 March 2014

Trading Update

RNS


RNS Number : 1814D

32Red Plc

26 March 2014






32Red Plc

("32Red" or "the Company")

On course to meet expectations

The Company notes the recent sharp fall in the share price since reporting record results in terms of both sales and profits for the year ended 31 December 2013 on 6 March 2014. The Company can confirm that trading in recent weeks has strengthened further with Gross Gaming Revenues up 19% in the first 24 days in March against the corresponding period, taking the cumulative year-to-date increase to 8% as at 24 March 2014.



The UK Government's proposed introduction of a Point of Consumption Tax ("POCT") from the end of 2014 was again referenced in the Budget supplementary papers on Wednesday 19th March, although nothing new of substance was announced. The Company continues to work with the Gibraltar Betting and Gaming Association to ensure that the industry concerns are voiced and understood by the UK Government and other stakeholders. The new announcements in the Budget regarding increased Fixed Odds Betting Terminal duties and levy collection do not impact the Company.



The Board remains confident in the prospects for the business and in meeting its financial expectations for the year.



26 March 2014

26 Mar Daniel Stewart 95.00 Buy
26 Mar Numis 100.00 Buy

LISTEN: 32Red (TTR) - Rangers football club sponsorship


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Listen: 32Red (TTR) - Pre-close trading update


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Trading Update


2014 Summary



The Company announces record annual net gaming revenues, up 26% to £32.1m in 2014 (2013: £25.4m), marking the 5th consecutive year of double digit growth.






http://www.moneyam.com/action/news/showArticle?id=4962963

Proactive investors -32Red sets new revenue record in 2014

By Jamie Ashcroft

January 22 2015, 10:33am
32Red sets new revenue record in 2014

Online casino operator 32RED (LON:TTR) told investors revenues rose 26% in 2014 to set a new company record of £32.1mln.

It marks a fifth consecutive year of double digit percentage growth, the company said.

"We performed well throughout the year with an accelerating performance in the second half following increased investment in our business,” said chief executive Ed Ware.

"Our marketing and operations have never been in better shape,” he added.

A total of 44,385 new players signed up to 32RED during 2014, up 17% on the prior year, and at 82,155 the number of active users increased 15%.

32RED generated some £510 per active user in 2014, which is 5% more than 2013.

More than half of all new players were ‘recruited’ via smartphones and tablets, the company said, while the overall ‘cost of acquisition’ equated to £184 per user, 18% more than the year before.

Michael Campbell, analyst at Northland Capital, said 32RED continues to show “healthy” top-line growth and added that the Italian business is showing particularly high growth albeit from a lower base.

The analyst, in a note, however, also highlighted that the UK’s new Point Of Consumption tax on gambling activities is a threat to the company’s margins though he says 32RED is doing well to diversify into other markets.
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22 Jan Numis 80.00 Buy

32Red - Analyst interview, Northland Capital Partners

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Naked trader today - Finally I picked up some 32 Red (LON:TTR) - this one has been well oversold on new gambling licensing regimes and in my opinion and today's very bullish statement shows why it has become very cheap now.

It announced record gaming revenues and a very good performance in Italy. A strong start to the year already, it has to be worth more. It looks a good gamble for recovery!

write up in shares today -


GAMBLING SUMMARY


We don’t like the traditional bookmakers but investors can get both value and income from stocks at the lower end of the spectrum. Smaller online gambling companies like GVC and 32Red continue to offer good growth prospects and attractive dividends.

Despite the doom and gloom this isn’t the time to turn our backs on the sector in its entirety. There are some very attractive gambling stocks out there – such as GVC (GVC:AIM), 32Red (TTR:AIM) and Betfair (BET) – which offer good value and growth prospects.

StockMarketWire.com
32Red has booked a FY pretax profit up 49% to £3.4m, from £2.3m. Total net gaming revenue was £32.1m, up 26% from £25.4m. The gaming revenue was heavily weighted to its underlying business.

It proposed a final dividend of 1.4p a share, up 40%, taking the total to 2.4p, up 33%.

CEO Ed Ware said:

"32Red has achieved another excellent performance and continues to go from strength to strength. Our increased marketing investment during the period has proved very successful and driven the Company to its fifth consecutive year of revenue and profit growth.

"The successful integration of Go Wild UK demonstrates our ability to source and integrate earnings enhancing acquisitions, which build upon our second to none customer service offering.

"32Red is a highly cash generative business with a strong balance sheet and I believe there are significant growth opportunities that we are well-placed to take advantage of in the market.

"Despite the recent introduction of a new UK regulatory environment, we have achieved a strong start to the new financial year and I am confident in our ability to continue to grow the business for the long term and look forward to the future with confidence."

Key highlights:
· Fifth consecutive year of double digit growth in organic revenues, accelerating in H2

· Step up in marketing investment driving top line organic growth and yielding healthy returns

· Three year sponsorship of Rangers Football Club announced in April 2014

· Successful launch of new sportsbook, 32Red Sport, in June 2014

· Progress in Italy and new marketing campaign launched in early 2015

· Successful integration of the Go Wild UK business, acquired in September 2014

· Strong start to 2015 with current trading up 35% in the first two months of the year

Key performance indicators:
· Active 32Red Casino players up 15% to 82,155 (2013: 71,266)

· Casino player gross gaming yield £510 (2013: £485)

· New 32Red casino players up 17% to 44,385 (2013: 38,033)

· Casino player cost per acquisition: £184 (2013: £156)

· Mobile revenues up 89% on 2013, representing 32% of total casino revenues (2013: 21%)

5 Mar Numis 90.00 Buy

26 Mar 2015 32Red PLC (1.4 P) Ex dividend

32 Red acquires Roxy Palace Casino! CEO interview here

Acquisition
RNS
RNS Number : 9246S
32Red Plc
14 July 2015

32Red Plc

("32Red" or "the Company")



Acquisition of Roxy Palace Casino



32Red Plc, the award-winning online gaming operator, is pleased to announce today that it has acquired the remote online gaming business known as Roxy Palace (the "Business") for total consideration of £8.4 million comprising £2.0m in cash and the issuance of 10,000,000 new Ordinary Shares.



32Red has purchased the customer database, intellectual property rights and certain other assets used in connection with the Business via the acquisition of the entire issued share capital of Eucalyptus Investment Limited, a wholly-owned subsidiary of Hyperlink Media Limited and Applied Logics Limited (the "Sellers"). Other service companies associated with the Sellers will continue to provide services to the Buyer following Completion. The deal is expected to be immediately earnings accretive before synergies.



Roxy Palace



Founded in 2002, the Business offers more than 500 online casino games including slots, blackjack, video poker and roulette, and benefits from a database containing 230,000 registered players. The Business reported Net Gaming Revenue (''NGR'') of £10.1m and Gross Profit (NGR less variable costs) of £3.4m for the year ended 31 December 2014. After fixed costs, estimated Earnings Before Interest, Tax, Depreciation and Amortisation (''EBITDA'') totalled £1.6m for the year.*



Consideration



The consideration comprises the issuance to the Sellers of, in aggregate, 10,000,000 new ordinary shares of 0.02p each (the "Consideration Shares") and, in aggregate, £2m in cash. Application has been made for the Consideration Shares, which will rank pari passu with all existing shares in issue, to be admitted to trading on AIM. Dealings in the Consideration Shares are expected to commence on 17 July 2015, although the Consideration Shares are subject to a twelve-month lock-in period. Following the issue of the Consideration Shares, the Company will have 83,680,056 shares in issue. The cash consideration is payable in instalments as follows: £1m on Completion; £0.5m six months thereafter and the remaining £0.5m on 31 December 2016, provided there has been no warranty or other claim in that period.



Ed Ware, CEO, 32Red Plc, commented:



"We are delighted to have acquired Roxy Palace and we believe this is very beneficial for both our existing and new shareholders. We have known and respected the business for many years, and share a number of common values. Like 32Red, Roxy Palace is also based on the Microgaming platform which will aid in making for a smooth integration.



This acquisition fits well with our regulated markets growth strategy and will allow us to leverage the expertise that the Roxy Palace team has built up over many years in international markets to the combined benefit of the enlarged business. To that end we will continue to support the Roxy Palace brand along with maximizing synergies where appropriate."



32Red will announce its half year trading update on 22 July 2015.



*Financial information on the Business is sourced from unaudited management accounts and the Microgaming back office.

Acquisition - Correction
RNS
RNS Number : 0510T
32Red Plc
14 July 2015

32Red Plc

("32Red" or "the Company")



Correction to Acquisition of Roxy Palace Casino announcement



In reference to this morning's announcement regarding Roxy Palace Casino, the nominal value of the share consideration should read 10,000,000 new ordinary shares of 0.2p each ("the Consideration Shares") rather than the previously reported 0.02p each.



The announcement in all other regards remains unchanged.



14 July 2015