Online Casinos Strategies: Online Casinos Firm Increases Overseas Profit

Online Casinos Strategies
Online Casinos Firm Increases Overseas Profit

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Online Casinos Strategies - Online Casinos Firm Increases Overseas Profit

Online casinos and poker firm 32 Red reported strong growth recently from its online gaming operations in Ireland and the United Kingdom. The Trafalgar-owned business gained 82 percent of its revenue from fans of online casinos in the local market, with the remainder coming from Scandinavian countries. The company has followed the lead of poker giant Party Gaming and widened its target market to include those casino players located outside the U.S. Fears of possible U.S. anti-gambling legislation have encouraged many online casinos operators to investigate alternative markets.

While 32 Red’s IPO was affected in September 2005 by industry pessimism on the future of poker at online casinos, CEO Ed Ware states that the market has recovered and is stronger than ever. The negative statement by Party Gaming chief Richard Segal on the future of online casinos poker was widely circulated in industry circles last year and resulted in many publicly-listed online casinos losing revenue through decreased share prices.

Ware has also stated that the online casinos firm is keen to diversify its products, with the sports-betting market proving an attractive prospect for investment. Ware has hinted that 32 Red seeks to emulate itself upon Sporting Bet “because it has the entire portfolio of products – online casinos, sports betting, and poker.”

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