Online gaming operator 32Red has announced poker revenues remained flat in the first six months of 2008 at £0.6 million, the same as both the first and second halves of 2007. The trading update also said that active player numbers had fallen between January and June 2008 to 8,668 from 8,802 in the previous six months (July to December 2007) and from 10,662 in the first six months of 2007.
Poker-player yield for the period was £64. This was down from the previous half in 2007 (£68) but ahead of the January to June 2007 period, when it was £57.
While the figures for poker were disappointing, total gaming revenues were up 26 percent to £6.6m compared to the first half of 2007, and 32 percent on the second half of 2007. The main driver was casino performance, with revenues of £6m between January and June 2008, up 31 percent on the first half of 2007 and 38 percent on the second half of 2007.
“Our distinctive and distinguished brand continues to stand out, and we intend to further expand our UK profile,” said Ed Ware, CEO of 32Red. “We have also successfully launched a mobile phone gaming service, an integrated Bingo offering, and a French-language casino during the first half of the year. While it is too early to assess the full potential of these new platforms, early signs are encouraging.”
