Online betting group 32RED Plc (LON:TTR) is looking forward with confidence after marking a 63% rise in net gaming revenue, to £30.4mln, in the six months to June 30.
This record breaking revenue performance similarly set a new benchmark for the group’s half year earnings with EBITDA of £4.5mln, up 258% compared to the first half of last year.
A highlight of the results was the growth of mobile based casino gaming, which now represents 50% of the group’s total casino derived revenues (in H1 2015 it was 42%).
32Red told investors it was confident it would meet expectations for the full year.
“Current trading remains strong with like-for-like NGR up 4% on very strong comparatives in the second half to date,” said Ed Ware, chief executive.
“Underpinned by our strong online gaming brands and exciting customer-focused offer, the board remains confident of meeting its expectations for the full year."
Ware added: “We are also delighted to announce today the renewal of our contract with Microgaming.
“We have enjoyed a long and strong partnership with one of the world leaders in digital gaming expertise and are very excited to have strengthened our relationship in a way that provides 32Red with further opportunities to invest in and develop our business.”