32Red Plc issued a trading update for the year ended December 31, 2008 and there was growth on many fronts.

According to a release from the company, total gaming revenue grew 27 percent to £13.0 million the past year, its online casino grew by 30 percent over the year, raking in a Gross Win of £11.7 million.

"The strong year-on-year growth in casino revenues has been driven by both increased active player numbers, up 15 percent on 2008, and an improved yield per player of £536, up 13 percent on 2008," reported 32Red.

"Performance for the year ended 31 December 2008 is expected to be in line with market expectations at PBT level, although ahead of expectations at EBITDA level."

Bank debt at the end of the year was £0.25m.

32Red also released Key Performance Indicators (KPIs) and they included:

Gross Win £13.0m, up 27 percent on 2007
Casino Gross Win £11.7 million, up 30 percent on 2007
Active casino customers 21,808, up 15 percent on 2007
Casino player yield £536 (2007: £474)
New Casino players 15,567, up 7 percent on 2007
Casino cost per acquisition £118 (2007: £137)

"Our good performance in 2008 puts 32Red firmly back on its growth path with revenues from our core business, the 32Red casino, growing strongly," said 32Red CEO Ed Ware.

"We will continue to compete effectively against our larger peers through our existing platforms and the addition of new products to the 32Red portfolio including financial spread betting, due to go live later this month."

32Red trading has been strong so far in 2009, the company reports, and preliminary results will come in March.