32Red Third Quarter Results

32Red the online gaming company announced that in spite of its casino revenue falling about 10 pct on 'widely reported industry-wide issues', its total revenue rose 55.8 pct in the third quarter on steady recovery in both poker and casino since the summer.

The online gaming operator posted a third-quarter total revenue of 4.2 mln stg, including 1.57 mln stg from recently-acquired BetDirect, while its poker revenue rose 77 pct to 0.4 mln stg.

32Red said it sees an expanded but focused marketing drive in the UK, including the sponsorship of Aston Villa and the acquisition of BetDirect will be key to its performance going forward after withdrawal from the US ahead of legislation curbing gaming activity there.

Wednesday, 8th November 2006

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