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GALA CORAL DELIVERS ROBUST FULL YEAR RESULTS
Thursday November 20,2014 : GALA CORAL DELIVERS ROBUST FULL YEAR RESULTS
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:
- Coral.co.uk actives grew 70 percent and gross profit 134 percent
- A three-fold increase in Sportsbook Bet-In-Play stakes
- Galabingo.com saw an increase in spend-per-active of 23 percent and gross profit was ahead 18 percent
- Galacasino.com grew actives by 14 percent and gross profit by 36 percent
- Percentage of actives using the mobile platform increased across all brands: Coral.co.uk 67.2 percent, Galabingo.com 54.3 percent, Galacasino.com 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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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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