32Red revenues soar by 51% in 2015

32Red have announced another bumper year in 2015 for revenues as they soared 51% to £48.6 million. The online casino operator based in Gibraltar said in an announcement prior to the official financial report that organic growth for their platform grew by 35% added to the purchase of Roxy Palace last July for £5 million boosted revenues to the 51% mark.

The online operator said that early trading in 2016 has been strong, with revenue for the first nineteen days of the year up 27% compared to the same period of 2015. Roxy Palace contributed some 54% of revenue in this period.

“I am delighted to report a record revenue performance for 32RED in 2015, despite significant regulatory and tax headwinds,” said Ed Ware, 32RED chief executive.

“As a result of the strong organic growth delivered throughout the year as well as the smooth integration of the Roxy Palace business, the company expects to report EBITDA slightly ahead of expectations for 2015 when it announces its preliminary results on Thursday 10 March 2016.”