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Kindred Group to Acquire 32Red for GBP 175,6m

Kindred Group to Acquire 32Red for GBP 175,6m

Akos February 23, 2017 12:10:13

Kindred Group is preparing for the acquisition of 32Red, as part of their expansion plans on locally regulated and soon to be regulated markets. On February 23rd, Kindred Group and 32Red announced that they have reached an agreement about the recommended cash offer Kindred Group will make for 32Red. The acquisition is in line with […]

32Red Pays Special Dividend to Shareholders

32Red Pays Special Dividend to Shareholders

Daniel February 15, 2016 19:26:48

The company has reported record net gaming revenues in 2015, so the board of directors have decided that on March 16 32Red pays special dividend to all shareholders on the register by February 19. 32Red pays special dividend of 3.00 pence per shares on top of final dividend to all their shareholders on the register […]

UK Regulator Envisions 150 New Online Gambling Applications Under the New Law

UK Regulator Envisions 150 New Online Gambling Applications Under the New Law

Iva P. July 11, 2014 13:48:26

Jenny Williams, the head of Britain’s Gambling Commission, commented on the new gambling licensing law and said that approximately 150 new applications for online gambling licenses are expected. Williams discussed the upcoming implementation of the new UK gambling law and point-of-consumption tax regime during an international gambling conference in Barcelona last week. She elaborated that […]

32Red to Sponsor Stewards’ Cup and Launch New Website

32Red to Sponsor Stewards’ Cup and Launch New Website

Monica E. July 4, 2014 11:14:23

As of this year, the Stewards’ Cup has a new title sponsor – online gaming operator 32Red. Of all the online sportsbooks in the UK, only one will have its name associated with Britain’s famous flat handicap horse race. One of the highlights of the UK horseracing meeting at Glorious Goodwood was the new deal […]

Church of Scotland Wades into Gambling Advertising Fight

Church of Scotland Wades into Gambling Advertising Fight

Tom S. April 27, 2014 17:16:24

The Church of Scotland has joined the discussions around gambling advertising in the UK, calling for their banning after a series of high profile problem gambling cases in the country. Scotland has been at the forefront of the debate on Fixed Odds Betting Terminals (FOBTs) in the UK, with thousands of pounds said to have […]

Church of Scotland Says Gambling Advertisement Should Be Banned

Church of Scotland Says Gambling Advertisement Should Be Banned

Monica E. April 23, 2014 15:40:11

A report issued by the Church of Scotland calls for a ban on gambling adverts. Published before the Commonwealth Games, the report concludes that British gambling laws should ban ads that promote betting, games of chance or payday loan companies. The actual sports event has no such companies among their partners, but Heart the Midlothian […]

British Online Casino 32Red Ready to Meet Expectations after Share Price Dip

British Online Casino 32Red Ready to Meet Expectations after Share Price Dip

Toni March 28, 2014 17:39:05

British online gaming firm issued a statement they are “on course to meet expectations”, after a dip in share prices. Although they have now announced the positive news, the sudden fall in share prices nevertheless worried the Gibraltar based mobile casino. One of the primary reasons for the share price decrease can be linked to […]

Operators Look to Enter Bulgaria’s Online Gambling Market

Operators Look to Enter Bulgaria’s Online Gambling Market

Tom S. February 3, 2014 11:58:45

PokerStars, Betfair and other international operators target Bulgaria’s online gambling market. After the recent change in Bulgarian gambling laws, which has resulted in more reasonable and lower tax rates and licensing costs, more operators are interested in targeting Bulgaria’s online gambling market. Poker giant PokerStars along with online sportsbook Betfair are vying to enter the […]

32Red Online Casino Scores Another Record Annual Revenue

32Red Online Casino Scores Another Record Annual Revenue

Alex Nevsky January 20, 2014 09:16:42

32Red, online gaming provider will aim at additional growth after it achieved record annual turnover for a fourth consecutive year. The successful company, which has Gibraltar license and operates under British gambling laws, generated total annual revenue of GBP 38.8 million in 2013, which is over 6 million more than the previous year. In general, […]