32Red Online Casino Trading Update

32Red Plc, the award-winning online casino and poker operator, has provided an update on trading for the year ending 31st December 2005.

Key financials:

Total gaming revenues up 67% on 2004 to £9.77m

Casino revenues of £8.94m, an increase of 57% on 2004

Poker revenues rose by 339% against the prior year to £0.83m

Key Performance Indicators:

Total active players grew by 102% to 17,587

Casino active players 10,605, up 54% on 2004

Poker active players 6,982, up 277% on 2004

Total new players recruited during 2005 rose by 91% to 14,451

Casino player yields of over £500 per quarter for both Q3 and Q4 2005

Quarterly poker revenue per active player of £79 and £80 for Q3 and Q4 2005 respectively

Further good progress has been made since 32Red listed on AIM on 23 September 2005. The company performed strongly in the second half of the year, with total gaming revenues of £5.5m up 32% on the first half of 2005, and 71% over the same period in 2004. The Board expects the company's financial performance for 2005 will be in line with market expectations.

The company will report fully on the year ending 31st December 2005 on 15th March 2006.

The New Year appears to have started well and the Board is confident in the company's prospects for 2006.

Commenting on the performance, Ed Ware, CEO said: "New customers continue to be attracted by the 32Red brand and the high quality gaming experience it represents. Our core casino business saw us hit new heights across all key measures in 2005 and our poker product continues to grow very strongly. With new software initiatives and increased marketing activity in the coming months we expect to deliver further growth across the business in 2006."