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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:
 
Online:
 
-     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
 
Mobile:
 
-     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".



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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