In a trading update, online operator 32Red has reported a 25 per cent increase in net gaming revenue, with the Italian business doing especially well.
Casino was up by 27 per cent year on year, to £29.3m (2013: £23.1m) while Italian revenues leapt by 74 per cent, albeit from a low starting point, rising from £0.6m in 2013 to £1.1m last year.
Total net gaming revenue jumped 26 per cent from £25.4m to £32.1m in 2014. In a statement, the company said early trading in 2015 has been strong across the company’s products with revenues for the first 20 days in January up 31 per cent on the corresponding period in 2014.
Ed Ware, CEO of 32Red, said: “We performed well throughout the year with an accelerating performance in the second half following increased investment in our business.
“Our marketing and operations have never been in better shape and we are excited by the opportunities for 32Red to further develop this year both within and outside the UK market.”
The group will announce its preliminary results on March 5.
