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32Red to launch in Italy

The respected betting group 32Red is valuing now Ģ30 million after shares risen 3.3%. 32Red is planning to launch gambling websites in Italy this year. Itīs expected that "32Red.it" can be launched in the second half of 2012 and then start offering online gambling in the lucrative italian market.

Prior to the 32Red debut in Italia, the news about the Italian authorities which decided to approve online slot games by 2012 was welcomed. 32Red certainly will have a strong presence in Italy will offer the best gambling experience for italian gamblers.

"The strong H1 trading performance and current trading is likely to see the company deliver revenues that are ahead of current market expectations for 2012. The company continues to invest in marketing and confirms that profits remain in line with management expectations. We look forward to launching 32Red.it during the second half of the year and welcome the recent decision by the Italian authorities to commence the procedures to approve online slots games from December 2012 onwards," said CEO Ed Ware said in a statement on Monday.

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