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/

Sponsorship agreement and trading update

RNS


RNS Number : 1356Y

32Red Plc

13 May 2016




13 May 2016

32Red Plc

("32Red'' or ''the Company")



Leeds United Football Club Sponsorship

and update on current trading

32Red, the award-winning online gaming operator, is pleased to announce a three year agreement to sponsor Leeds United Football Club, commencing in the 2016/17 season. The agreement provides 32Red with shirt sponsorship, access to Leeds United's global fan base and extensive brand visibility throughout the club's iconic Elland Road stadium as well as across its digital and media platforms.

Update on current trading:

32Red's trading during 2016 has remained very strong across the Group's portfolio. The Company's like-for-like net gaming revenues for the first nineteen weeks of the year to 11 May 2016 is up 39% on the same period in 2015 and up 71% including the contribution from Roxy Palace. The Board is pleased with this strong trading momentum and remains confident of delivering its expectations for the year.

Commenting on the sponsorship, Ed Ware, CEO of 32Red, said:

"We are delighted to be working with Leeds United football club, a true giant of English football with an amazing and passionate fan-base. We have a proud history of successful football club sponsorship deals and this is a fantastic opportunity to work with such an iconic club and showcase the 32Red brand. We look forward to our association with Leeds United over the coming seasons."

Paul Bell, Leeds United's Executive Director commented:

"We are delighted to announce today a three-year shirt sponsorship deal with 32Red PLC, the UK's premier online casino entertainment brand. We are hugely excited by this partnership and the opportunities it will deliver for all involved.

32Red are a modern, forward thinking brand with a long standing and successful history of sponsoring high profile teams within football and we are delighted to welcome them into our commercial partners programme. We look forward to building a strong relationship between our two brands both on and off the field as we seek to return to the Premier League. Our commercial partners are extremely important to the Club and we would like to thank 32Red for their support."

Proactive investor - City punters are betting on a winning performance from 32 Red Plc (LON:TTR) when the gaming company reports half-year results on Wednesday.
The group has already reported net gaming revenue of £30.4mln for the first half, representing year-on-year growth of 63%.
Numis Securities reckons first-half earnings will quadruple to £4.6mln driven by excellent returns from its accelerating marketing campaign.
Analyst Richard Stuber said: “Being one of the few approved betting partners for UK horseracing, it has secured several high profile sponsorship deals, including Leeds United and Rangers and most recently the three year deal to sponsor the King George VI Chase, demonstrating its growth ambitions.
“We are also very supportive of its geographical diversification where more than a third of revenues are from outside the UK.”

Key partner contracts
RNS
RNS Number : 3762K
32Red Plc
21 September 2016
 
21st September 2016
 
32Red Plc
 
 
ITV's 'I'm a Celebrity… Get Me Out Of Here!' and "Ant & Dec's Saturday Night Takeaway' to launch exclusive new games with 32Red, created by Microgaming.
 
Award-winning online casino 32Red announces a new three year partnership with ITV Commerce & Ventures today which will see two of the broadcaster's biggest brands extend their exclusive game content with award-winning remote gaming operator 32Red.com.
 
The new "I'm a Celebrity...Get Me Out Of Here!™" slot game enhances 32Red's existing game offering and now enables a fully featured slot game across all device platforms. The game features well-known themes from the show including Ant and Dec themselves, iconic programme music and of course a Bushtucker Trial themed bonus game! The game brings the fun and excitement of the show to a thrilling casino game for slots fans to enjoy.
 
Aside from the usual exciting slots action, players have the chance to win Kiosk Keith Free Spins™ with Rolling Reels™ and Critter Chaos™ can be triggered awarding multiple wilds in camp and free spins. Collecting Gold Stars wins players The Bushtucker Trial Bonus™ where choosing and winning challenges can bag a big payout.
 
In addition to the new "I'm A Celebrity….Get Me Out Of Here™" slot game, 32Red's Ant & Dec's Saturday Night Takeaway slot brings all the favourite parts of the award-winning entertainment show to life with clips and imagery from the show. The game includes Ant V Dec Free Spins™, Get Out of Me Ear Spins™, Win The Ads Bonus™ and an End of The Show Bonus™ feature.
 
The launch of the new games will also be supported with exclusive promotions and competitions where trips to Australia and tickets to the Saturday Night Takeaway live show will form part of the prizes.
 
32Red's Chief Commercial Officer, Matt Booth said: 
"We are very excited to release our new and exclusive 'I'm A Celebrity… Get Me Out Of Here™!' slot, plus the brand new and also exclusive Ant & Dec's Saturday Night Takeaway slot. Both brands are award-winning shows and are extremely well known entertainment brands. We are confident that the association with such powerful TV brands have produced slot games that players will love as much as the shows." 
 
"The slot games will be available for casino, poker and bingo players at 32Red across online, mobile and tablet devices to ensure that all our players can experience their own Bushtucker Trial, or take part in their very own version of Win the Ads! wherever and whenever they want."
 
William van Rest, ITV's Director of Commerce & Ventures commented: 
"ITV is thrilled to be working with 32Red on extending our existing game portfolio with the new I'm A Celebrity… game plus the addition of an Ant & Dec's Saturday Night Takeaway game."
 
"We have worked to bring the best features of both shows alive in a gaming experience, and believe we have two of the best UK TV show themed slots in the market. Both games feature video footage from the shows and offer a rich game experience based on the programmes. We are sure these exclusive games will be very popular on 32Red.com"
 
The new slot games have been developed for 32Red by online gaming software developer, Microgaming.
 
Roger Raatgever, CEO of Microgaming, added: "We are well versed in creating branded content, delivering slots that embrace a brand to the fullest. And we get a real buzz from it too! Developing exclusive games based on two cherished UK television shows has been a fantastic project to be involved in, and working with 32Red and ITV, as always, has been a pleasure."
 
The I'm A Celebrity game is released with 32Red on 1st November 2016 and Ant & Dec's Saturday Night Takeaway is scheduled to launch in Q1 2017.

Interim results


Period highlights:
·      Record revenue performance with NGR for the period up 63%
·      Record EBITDA performance, up 258% on H1 15
·      Italy on track to break even in the year
·      75% of revenues from regulated and taxed markets
·      Mobile casino driving growth and represents 50% of total casino revenues (2015: 42%)
·      Interim dividend increased by 18% to 1.3p (2015: 1.1p)
·      Successful launch of new 32Red Casino responsive, multi-platform website in April 2016 delivering encouraging results
·      Confident of meeting management expectations for the full year
 
Post period end events:
·      Extended contract with innovative commercial terms agreed with digital gaming solutions partner, Microgaming, effective from 1 November 2016. The new arrangement enables 32Red to develop its strength in regulated markets, whilst retaining its broad appeal across the industry.
·      Exclusive licence to promote casino games for ITV flagship brands
·      British Horse Racing sponsorship agreements:
o  New three year deal to sponsor prestigious King George Christmas Meeting at Kempton
o  Renewal of sponsorship of the All Weather Championship for next two years
o  New three year deal to sponsor Haydock Park's Group 1 Sprint Cup
 

21 Sep
Numis
200.00
Buy

ST of IC - So, having first recommended buying 32Red’s shares at 51.75p ('Game on', 7 Jul 2013), since when the board have paid out a total of 12.5p a share in dividends, and last advised running your profits at 134p ahead of yesterday’s results (‘Spinning higher’, 2 Aug 2016), I now feel there is a high probability of the share price returning back to the March 2016 all-time high of 186p, and possibly beyond. If achieved it would price the shares on a more reasonable 13 times next year’s earnings estimates, a fair rating in my view given the EPS growth profile. More importantly, these targets look achievable.

Share of the week, this gamble paid off.

Trading update

08:00 03/02/2017
Broker Forecast - Peel Hunt issues a broker note on 32Red PLC

Peel Hunt today initiates coverage of 32Red PLC (LON:TTR) with a buy investment rating and price target of 250p. Story provided by StockMarketWire.com

ST of IC today - The point being is that I expect 32Red to come out relatively unscathed from the Triennial review, and the risk premium embedded in the share price to unwind, thus offering scope for a return to the March 2016 all-time high of 186p. Buy.

Pushing on well with a 7% rise today

Dividend Declaration
RNS
RNS Number : 6182X
32Red Plc
23 February 2017
 
32Red Plc
 
("32Red" or ''the Company")
 
Dividend Declaration
 
23 February 2017
 
Following the announcement by Kindred Group Plc on 23 February 2017 regarding a recommended cash offer for the Company, 32Red is pleased to announce a second interim dividend of 4 pence per share (the "Approved Dividend").
 
The Approved Dividend will be paid in lieu of a final dividend that would otherwise have been declared with the Company's full year results for the year ended 31 December 2016 on 9 March 2017. The Approved Dividend is not conditional on the Offer becoming wholly unconditional and will adhere to the following timetable:
 
Ex-Dividend Date:          2 March 2017
Record Date:                 3 March 2017
Pay Date:                      23 March 2017
 
*Capitalized terms used in this announcement, and not otherwise defined, have the same meanings given in the announcement released by Kindred Group Plc regarding a Recommended Cash Offer for the Company dated 23 February 2017 (GMT).

Final results

Key highlights:
 
·      Record revenue performance with total net gaming revenues up 28% to £62.3m (2015: £48.7m)
·      EBITDA* increased 102% to £10.6m (2015: £5.2m)
·      PBT increased 511% to £6.5m (2015: £1.1m)
·      77% of net gaming revenues derived from regulated and taxed markets (2015: 80%)
·      32Red moves to profitability in Italian market
·      Successful launch of new responsive, multi-platform website in April 2016
·      Extended contract with improved and more flexible terms signed with Microgaming
·      Mobile revenues represent 57% of total casino revenues (2015: 44%)
·      Exclusive licence to promote casino games for ITV flagship brands featuring Ant and Dec
·      British Horse Racing sponsorship agreements with racecourses and brand ambassadors
·      Strong start to 2017 with net gaming revenues for the first nine weeks of the year up 20% on the same period in 2016
·      Post Period end, 32Red announced the recommended cash offer from Kindred Group plc for the entire issued and to be issued share capital of 32Red at 196p per share

32Red hikes FY pretax profit to record level
StockMarketWire.com
32Red hiked its FY pretax profit to record £6.5m, up 511% from £1.1m. Total net gaming revenues (NGR) were up 28% to £62.3m, from £48.7m.

After the end of the period, 32Red announced a recommended cash offer from Kindred Group for its entire issued capital at 196p a share.

32Red said it had 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."

EBITDA was £10.6m, from £5.2m.

The company said momentum into 2017 had remained strong with NGR up 20% year on year.

"Underpinned by the strength of the brand, 32Red has an exceptional platform to drive continued growth across the business and increase market share both in the UK and Italy."





Story provided by StockMarketWire.com

Update on Offer conditions for 32Red plc
RNS
RNS Number : 5378A
Kindred Group PLC
27 March 2017
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
EMBARGOED UNTIL 7.00 A.M. (27 MARCH 2017)
 27 March 2017
 
RECOMMENDED CASH OFFER
for
32Red plc ("32Red")
by
Kindred Group plc ("Kindred")
 
UPDATE ON OFFER CONDITIONS

1. Introduction
On 23 February 2017, the boards of directors of 32Red and Kindred announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of 32Red, to be implemented by way of a takeover offer in accordance with the laws of Gibraltar (the "Offer").
An offer document setting out the full terms and conditions of the Offer was published on 3 March 2017 (the "Offer Document").
Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Offer Document.
 
2. Offer unconditional as to acceptances
The board of directors of Kindred is pleased to announce that, by virtue of the level of acceptances received as described below, the Offer has become unconditional as to acceptances.
The Offer will remain open for acceptance until further notice.
 
3. Level of acceptances and share purchases
As at 1.00 p.m. (London time) on 24 March 2017, valid acceptances had been received from 32Red Shareholders in respect of 77,978,301 32Red Shares (representing approximately 91.4 per cent. of the issued share capital of 32Red), which Kindred may count towards the satisfaction of the acceptance condition of the Offer.
 
These acceptances include:
·    36,993,281 32Red Shares, representing approximately 43.3 per cent. of the issued share capital of 32Red, received from the 32Red Directors who had given Kindred irrevocable undertakings to accept (or procure the acceptance of) the Offer; and
·    23,582,110 32Red Shares, representing approximately 27.6 per cent. of the issued share capital of 32Red, received from the non-director 32Red Shareholders who had given Kindred irrevocable undertakings to accept (or procure the acceptance of) the Offer.
 
None of the acceptances of the Offer received have been from persons acting in concert with Kindred. 
 
In addition, Kindred has acquired 3,320,233 32Red Shares, representing approximately 3.9 per cent. of the issued share capital of 32Red, through market purchases as announced on 24 February 2017, 27 February 2017, 28 February 2017 and 1 March 2017 respectively.
 
In total, Kindred has therefore received valid acceptances of the Offer in respect of, or has acquired, 81,298,534 32Red Shares, representing approximately 95.3 per cent. of the issued share capital of 32Red.
 
The percentage holdings of 32Red Shares referred to in this announcement are based on there being a total of 85,347,528 32Red Shares in issue on 23 March 2017.
 
4. Approval by the Licensing Authority of Gibraltar
On 23 March 2017, Kindred received approval from the Licensing Authority (Gambling Division) of HM Government of Gibraltar to the acquisition by Kindred of 32Red Shares representing more than 50 per cent. of the voting rights carried by the 32Red Shares and any matters pursuant to such acquisition which relate to the control, management and operation of 32Red such that the Condition set out in  paragraph 2(a) of Part A of Section III (Conditions to and further terms of the Offer) of the Offer Document has been satisfied.
 
5. Continuation of the Offer
The Offer remains subject to the satisfaction of the remaining outstanding Conditions set out in the Offer Document, and will remain open for acceptance until further notice. At least 14 days' notice will be given by an announcement before the Offer is closed.
 
If the UKGC does not make a determination pursuant to section 102(4)(a) of the UK Gambling Act that all relevant operating licenses held by the Wider 32Red Group shall continue to have effect following the completion of the Transaction (as set out in Condition 2(b) of Part A of Section III (Conditions to and further terms of the Offer) of the Offer Document) (the "Determination") by 5.00 p.m. (London time) on 14 April 2017, 32Red and Kindred have agreed that the Offer timetable will be extended such that the final date for the fulfilment of the Conditions will be the earlier of (i) the Business Day following the date upon which the UKGC makes the Determination or (as the case may be) Kindred receives comfort to its reasonable satisfaction that the UKGC does not object to the Transaction and that the Determination will be made, and (ii) 7 June 2017 (being the date falling 12 weeks after the date on which an application was submitted by 32Red to the UKGC pursuant to section 102(2)(b) of the UK Gambling Act requesting the Determination).
 
32Red Shareholders who have not yet accepted the Offer are urged to do so as soon as possible.
 
To accept the Offer in respect of 32Red Shares held in certificated form (that is, not in CREST), 32Red Shareholders should complete and return the Form of Acceptance accompanying the Offer Document (together with the relevant share certificates and any other documents of title) so as to be received by the Receiving Agent, Capita Asset Services, as soon as possible. Acceptance of the Offer for 32Red Shares held in uncertificated form (that is, shares held in CREST) should be made electronically through CREST so that settlement occurs as soon as possible. If you are a CREST sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instruction to Euroclear.
 
6. Compulsory acquisition, delisting and cancellation of trading
If the Offer becomes, or is declared, unconditional in all respects, Kindred intends to procure that 32Red will make an application for the cancellation of the admission to trading of 32Red Shares on AIM and Kindred will seek to re-register 32Red as a private limited company.
A notice period of not less than 20 Business Days before the cancellation will commence on the date on which the Offer becomes or is declared unconditional in all respects.
Cancellation of admission to trading would significantly reduce the liquidity and marketability of any 32Red Shares not assented to the Offer.
Given that Kindred has received acceptances for the Offer in respect of more than 90 per cent. of the 32Red Shares to which the Offer relates by nominal value and voting rights attaching to such shares, if the Offer becomes, or is declared, unconditional in all respects, Kindred intends to exercise its rights under applicable Gibraltar law to acquire compulsorily, on the same terms as the Offer, the remaining 32Red Shares not assented to the Offer.
 
7. Disclosure of interests
Save as disclosed in this announcement, neither Kindred nor the directors of Kindred nor any person acting, or deemed to be acting, in concert with Kindred for the purposes of the Offer has any interest in relevant securities of 32Red or a right to subscribe for or any short positions (whether conditional or absolute and whether in the money or otherwise), including any short positions under a derivative, any agreement to sell or delivery obligation or right to require another person to purchase or take delivery in respect of any relevant securities of 32Red or has during the Offer Period borrowed or lent any relevant securities of 32Red.
 
8. 32Red Shareholder enquiries
Subject to certain restrictions relating to persons in Restricted Jurisdictions, the Offer Document, together with those documents listed in paragraph 15 of Section V (Additional Information) of the Offer Document, are available on the Kindred website at www.kindredplc.com and on the 32Red website at www.32redplc.com. You may request further copies of the Offer Document by contacting Capita Asset Services on +44 (0) 371 664 0321. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9 am - 5.30 pm (London time), Monday to Friday excluding public holidays in England and Wales. Please note that Capita Asset Services cannot provide any financial, legal or tax advice (in relation to the Offer or otherwise) and calls may be recorded and monitored for security and training purposes. If requested, copies will be dispatched, free of charge, within two business days of request.

Offer Update for 32Red plc by Kindred Group plc
RNS
RNS Number : 2917E
Kindred Group PLC
05 May 2017
 

 
RECOMMENDED CASH OFFER
for
32Red plc ("32Red")
by
Kindred Group plc ("Kindred")
 
UPDATE ON OFFER CONDITIONS
Kindred announces the following update regarding its recommended cash offer for 32Red (the "Offer"). Capitalised terms used but not defined in this announcement shall have the meaning given to them in the offer document dated 3 March 2017 (the "Offer Document").
As announced on 27 March 2017, the Offer is now unconditional as to acceptances and remains open for acceptance until further notice. The Conditions set out in paragraphs 2(a) and 2(c) of Part A of Section III of the Offer Document have been satisfied. The Offer remains subject, inter alia, to the approval of the UKGC to the change of control (as set out in paragraph 2 (b) of Part A of Section III of the Offer Document). The UKGC's review is progressing and Kindred currently anticipates that the UKGC will make a determination in the near future. Kindred anticipates that the Offer will be declared wholly unconditional upon the UKGC making a positive determination.
The Offer remains open for acceptance until further notice and 32Red Shareholders who have not yet accepted the Offer are urged to do so as soon as possible