32Red in Profits Warning

02nd November, 2009

2009 'Best UK Casino' nominee, 32Red Casino has today announced a profits warning for the gaming group.

In its interim statement, CEO Ed Ware commented that although the number of customers playing at the online casino was up by 16%, it's high-rollers had been winning throughout October, bringing their figures down.

He continued to state that although there was a highly unusual amount of wins by it's loyal casino customers, it would not affect the continued investment into the Marketing, Promotions and Technology needed to retain 32Red's reputation as being one of the best uk casino sites.

32Red have in recent times become official club sponsors of Swansea City Football Club, as well as announcing that they would soon be partnering up with NetRefer - a major third party affiliate system that would push 32Red to even more casino customers.

This latest news from 32Red will come as a major blow to the Gibraltar based company, following their nomination for 'best UK casino' in the upcoming eGaming Review Magazine awards.

32Red Plc's share price (LSE: TTR) remained at 16.5p.