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Gala Coral Profits Go Up

12/11/2012 : GALA CORAL PROFITS UP, AIDED BY ONLINE IMPROVEMENT
 
Revenues and gross profit rise at UK online and land gambling group
 
The Gala Coral online and land gambling group reports that for the year to end September 2012 its performance has improved, aided by good results from the interactive division.
 
* Turnover during the period rose 6 percent year-on-year to reach GBP 1.189 billion
 
* EBITDA for the year was up 11 percent to GBP 291.4 million; after deducting bonuses it was still 7 percent better than 2011 at GBP280.2 million.
 
* Statutory gross profit for the year reached GBP 923.6 million, up 8 percent on the preceding year.
 
* Interactive turnover increased 3 percent to GBP 72.5 million.
 
Carl Leaver, chief executive, said that 2012 had been an important and transitional year for the group.
 
“We have restructured into key operating divisions, bedded in a new operational management team and invested in our retail estate and online systems. This has resulted in the first growth in profitability for over five years against the backdrop of a difficult environment for retail and leisure businesses.
 
“In the final quarter of the year, the Group delivered another solid performance with EBITDA growth of nine percent post-bonus and excluding week 53 despite trading losses in Italy in the final period due to extremely poor sports results.
 
“July saw the launch of our new GalaBingo.com website and early growth from both this and the new GalaCasino.com website has been positive. With the re-launch of Coral.co.uk in October, our new interactive businesses are now fully up and running and we are targeting significant growth over the forthcoming year.”



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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