Launch of Italian website

32Red Plc

("32Red" or "the Company")

Launch of Italian website

32Red Plc, the award-winning online betting and gaming operator, is pleased to announce that it has commenced trading under its Italian Remote Gaming Licence awarded earlier this year. 

The Italian market represents an excellent opportunity for 32Red to utilise its core skills and apply its longstanding business philosophy in a new and regulated territory. 32Red.it now provides Italian customers with the opportunity to play traditional casino table games but as from Monday, 3rd December, 32Red's games portfolio in Italy will increase significantly with the introduction of government-approved Online Slot Machine games. This is a major step forward in the Italian Remote Gaming market.

While the Company recognises the continued regulatory uncertainty across Europe, it hopes to apply for further licences in territories where a commercially viable model is introduced. Trading for the Group continues to be positive and in line with the Board's expectations. A further update on performance will be issued in mid January.

Commenting on the launch, Ed Ware, CEO of 32Red, said:

"We are very pleased to be one of a relatively small number of online casino operators fully approved to trade in Italy. We believe the market there provides a great opportunity for us to establish a new and regulated income stream for 32Red, especially with the imminent introduction of Slots. Our Italian team has been hand-picked and it is ready to extend our reach and excellent reputation into Italy.''

29 November 2012

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