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Gala Coral 2015 Earnings Report
Monday November 30,2015 : GALA CORAL POSTS FULL YEAR RESULTS
Impacted by regulatory headwinds and a comparative year that included the World Cup.
Gala Coral Group delivered an increase of 3.7 percent in EBITDA results but said after adjusting for regulatory impacts and the World Cup, EBITDA was 30 percent ahead.
Online EBITDA came in at GBP 56.2 million, 14 percent ahead of last year while net revenues grew 36 percent driven by the acquisition of 972,000 first time depositors.
Other key financial indicators for the full year period ending September 26, 2015 include:
Total Group net revenue amounted to GBP 1,005.4 million, up 60 million or 6.4 percent on FY2014 while total group profit weighed in at GBP 699.5 million, up 2.1 percent. Total Group EBITDA was reported at GBP 254.1 million, up 3.7 percent on FY2014.
Coral Retail’s net revenue was flat at GBP 675.9 million, posting a decline of GBP 10.8 million in gross profit, and an dip in EBITDA of GBP 1.8 million to GBP 141.2 million.
Eurobet Retail reported a loss of GBP 6.2 million in net revenue, a loss of GBP 3.8 million in gross profit and EBITDA was GBP 5.4 million down.
The company’s Online sector painted a rosier picture with net revenue’s of GBP 247.8, up GBP 65.2 million or 36 percent ahead of 2014. Gross profit was GBP 503.9 million, up GBP 10.8 million over 2014 and EBITDA was GBP 56.2 million, GBP 6.7 million or 14 percent up on 2014.
Coral Telebet net revenue came in at GBP 4.4 million, GBP 1.1 million up on the previous year. Gross Profit was GBP 3.8 million, GBP 700,000 more than 2014.
Carl Leaver, Group chief executive officer, commenting on the results said:
“The Group’s financial performance in the full year was strong, with EBITDA ahead by GBP 2.7 million or 1 percent despite significant regulatory headwinds, and last year’s World Cup. After adjusting for these items underlying EBITDA was 30 percent ahead.
“Growth in the Online business continued at market leading rates with net revenue 36 percent ahead and underlying EBITDA double the prior year.”
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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.
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.
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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.
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