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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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Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

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Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

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