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Significant investment in online and mobile delivering the goods
Gala Coral delivered an upbeat full year 2014 report this week with the company showing strong underlying growth in all major divisions and its recently launched online business "paying off strongly".
Key performance indicators for the full year ending September 27, 2014 include:
-     Group gross profit amounting to GBP 890 million, up 9 percent on FY2013.
-     Total group EBITDA of GBP 235.5 million, 14 percent ahead
Online and mobile were star performers, key performance highlights include:
- actives grew 70 percent and gross profit 134 percent
-     A three-fold increase in Sportsbook Bet-In-Play stakes
- saw an increase in spend-per-active of 23 percent and gross profit was ahead 18 percent
- grew actives by 14 percent and gross profit by 36 percent
-     Percentage of actives using the mobile platform increased across all brands: 67.2 percent, 54.3 percent, 48.7 percent and Eurobet 45.3 percent.
Chief executive officer of the Gala Coral Group, Carl Leaver said: "The Group's financial performance in the full year was very pleasing with all major divisions reporting underlying growth in both gross profit and EBITDA.
"The significant investment in launching our new Online business is paying off strongly, with gross profit up 54 percent and EBITDA up 104 percent."
The momentum continues as current trading for the first 7 weeks of the new financial year shows growth in the online division "continuing on the same trajectory as FY14".

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Gambling News :

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

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Interwetten Q3 2016 Report - In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.

Evolution Gaming Q3 2016 Report - Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.

Ladbrokes Donates to Gamcare’s new Youth Program - UK gaming firm Ladbrokes has pledged GBP 180,000 to Gamcare’s new Youth Program over 2016 and 2017, following a visit by chief executive officer, Jim Mullen.

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