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CORAL POSTS STRONG 2015 RESULTS

Thursday, March 3, 2016 : CORAL POSTS STRONG 2015 RESULTS
 
Solid underlying EBITDA growth with continued momentum in all divisions
 
The land and online gambling group Coral - set to merge with Ladbrokes this year - has posted a strong set of results for the sixteen week period to 16 January 20916, highlighting:
 
* Total Coral Group EBITDA of £62.4 million - up 14 percent on the same period last year;
 
* Growth in all divisions;
 
* After adjusting for regulatory impacts EBITDA up year on year by 59 percent, thanks mainly to better football results;
 
* Online EBITDA of £18.5 million up 55 percent year-on-year and 194 percent ahead after adjusting for regulatory impacts.
 
* Online net revenue was 41 percent ahead, with Coral.co.uk 69 percent ahead;
 
* Coral Retail EBITDA of £40.7 million, up GBP 200,000 on last year, and £9.6 million or 31 percent ahead after adjusting for the impact of regulation, with OTC margins 1.5pp ahead;
 
* Eurobet Retail EBITDA of £5.1 million up 132 percent year on year with strong sports stakes growth and sports margins 5.9pp ahead;
 
* Sale of Gala Retail to Caledonia Investments for a headline price of £241 million completed on 19th December 2015.
 
Carl Leaver, Group CEO, commented:
 
"Online growth was strong driven by CRM-led reductions in churn and high levels of customer acquisition at market leading costs-per-acquisition.
 
"Multichannel continues to play a key role in driving both customer acquisition and retention as customers embrace the unique features of our Connect offering.
 
"Coral Retail saw positive OTC stakes growth and a good machines performance. Strong growth in Eurobet Retail was helped by the relocation of 250 shops to more profitable locations. 
 
"We continue to work constructively with the Competition and Markets Authority as it progresses through phase 2 of its review of the proposed merger with Ladbrokes PLC.
 
"Timescales are in-line with our expectations, with the next key milestone being the CMA’s announcement of its provisional findings, and if required, proposed remedies, in mid-to-late April. A final decision is due by 24th June. In the meantime our teams remain firmly focused on the execution of our strategy. We are confident that we are very well placed for the year ahead.”

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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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