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32Red announced yesterday that they are to create 70 new jobs. In the same statement to the Gibraltar Chronicle they also said that they will move their sports betting business, BetDirect, from Liverpool to Gibraltar within 12 months. It is not clear if these “new” jobs are new just to the location and if an equal amount of redundancies will take place in the UK after the move. This would be the second relocation for BetDirect since the 32 Red acquisition. BetDirect moved their offices from Sportech House at the Wavertree industrial park, to the old Vertex Call Centre location in Knowsley directly after the sale.
32 Red the brand has an excellent reputation in the industry and the sports and casino gambling market place, but has faced a rocky period of late. Last month, 32Red said that loss-making Bet Direct had “experienced difficult trading conditions” during the 2006 year. This was blamed on a high number of winning favorites in UK horseracing and unfavorable Champions League results, both severely impacting gross win margins. All of this led to a statement from 32Red to its shareholders warning that the 2006 full year operating results will fall significantly short of current market forecasts. 32Red has an outstanding loan of around £5.4m with the Royal Bank of Scotland.
Yes, I heard about the announcement which is a bit surprising due to recent events. After all there are plenty of people out of work due to the redundancies made by Cassava, Party Gaming, and Carmen Media in Gibraltar at the end of 2006.
i think the point is that 32red never really relied heavily on US market thus they are still growing, especially with new acquisitions…
splinterfree wrote:i think the point is that 32red never really relied heavily on US market thus they are still growing, especially with new acquisitions…Yep, I agree 100% with you. They have never been my top affiliate in the way of $$, however this last month they went ABOVE and BEYOND…to get my affiliate payment to me.
Kudos and great job ~ 32RED!
katsmeownvista wrote:Yep, I agree 100% with you. They have never been my top affiliate in the way of $$, however this last month they went ABOVE and BEYOND…to get my affiliate payment to me.Kudos and great job ~ 32RED!
must be your playaz :hithead:
i’ve had 32red promoted for a long while, but only now do i see the first check…hopefully not the last :letsparty
A question on 32Red … since we’ve got some active affilaites here …
I know that they;ve got a $50, or Euro50 bonus … but is anyone else getting reporting that says that players only EVER deposit this amount at 32Red ?
What the BEEP is with that ?
It’s so weird and so out of step with any other outfit that I work with … I’d swear it’s boloocks reporting – but 32Red tell me it’s true …
:crazy:I’m talking about 40 depositing players at their casino now — all for 50 GBP or 50 EUR in order to maximise the bonus. Not one doing anything else ….
Does anyone see this occuring on their stats too?
What are your 32Red reports like ?
