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Swans sponsors enjoy 50% revenue rise

By | 2nd October 2012

As stated by Casino Daily News, the shares of online gaming company 32red rose a whopping 50%. The swift rise was the result of a robust set of half year results that were recently published.

Management of 32Red raised the interim dividend to 0.6p per share, after a massive revenue jump that took the company to £16.5m.

Investors had even higher expectations, but the company almost doubled sales costs meant that the pre tax profits did not live up to the expectations. Like many other online gambling companies 32Red are looking for ways to expand their activities into regulated markets. During the last quarter of this year 32Red is looking to start their operations in Italy. The shares of the company were at the lowest (34p.) in June, but with great half year results and addition of the Italian market 32Red hope to keep the revenues and stock prices on a steady rise from here on.

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