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/

32Red - Analyst interview, Northland Capital Partners

Click here

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

ST of IC today - Trading on a bid-offer spread of 66p to 67.5p, I rate 32Red's shares a decent buy and have an upgraded target price range of 90p ahead of the company's first-half trading update on Wednesday, 22 July.

very positive trading update by the CEO, listen here

Trading update

22 Jul Numis 120.00 Buy

ST of IC today - I rate 32Red's shares a decent buy offering 20 per cent upside to my target price of 90p. Buy.

Interim results

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 87.00. Over this period, the share price is up 91.64%.

ST of IC today - True, 32 Red's shares are now priced on 14.5 times house broker Numis Securities' upgraded full-year EPS estimates of 6.5p, but still only trade on nine times the fiscal 2016 EPS estimate of 10.5p and are 20 per cent below Numis's 120p target price. Furthermore, 32 Red has net funds of £5.7m, or 6.5p a share, on its balance sheet after factoring in the summer acquisition of remote online gaming operator Roxy Palace. So with cash available for further earnings-accretive acquisitions, and underpinned by a prospective dividend yield of 2.8 per cent, I would run your 100 per cent gains.

Reached a £1. Broker 22 Jul Numis 120.00 Buy .

Comment on Share Price movement
RNS
RNS Number : 7342F
32Red Plc
13 November 2015



32Red plc

("32Red" or the "Company")


Comment on Share Price movement




32Red, the award-winning online gaming operator, notes the sudden weakness in its share price today.

The Company can confirm that it continues to trade in line with expectations for the full year to December 2015 and the Directors know of no operational or financial reason for the share price fall.

Further detail in this regard will follow within the Company's trading update announcement in January.