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Great Q1 Results for Gala Coral

Monday March 2,2015 :  GALA CORAL PRESENT ROBUST FIRST QUARTER RESULTS

Adverse football results have a negative impact on an otherwise strong performance.

Gala Coral Group is hailing strong online and multichannel growth in its latest quarterly performance while bemoaning the impact of adverse football results.

Key performance highlights for the sixteen week period ending January 17, 2015 include:

  • Total Group Opco EBITDA GBP 6.8 million or 11 percent ahead of last year
  • Gross profit of GBP 267.4 million was GBP 12.3 million or 5 percent ahead of last year primarily driven by Online.
  • Online EBITDA 19 percent ahead (53 percent ahead pre Point of Consumption tax) with Coral.co.uk stakes 74 percent ahead, Galabingo.com stakes 34 percent ahead and Eurobet.it sports stakes 44 percent ahead.
  • Volume growth in Eurobet Retail (sports stakes +22 percent) offset by weak sports margins
  • Gala Retail EBITDA 66 percent ahead – driven by the bingo duty benefit and 4 percent increase in spend-per- head


“The Group has continued to leverage the investments it has made in its key drivers of growth: Online, Multichannel and Italy, delivering an increase in EBITDA of GBP 6.8 million or 11% percent compared to the same quarter last year,” commented Carl Leaver, chief executive officer for Gala Coral Group. “This was despite some very poor football margins in both the UK and Italy.

Online key performance highlights for the 16 week period ending January 17, 2015 include:

  • Online EBITDA of GBP 12.9 million was GBP 2.1 million or 19 percent ahead of last year despite adverse football results and the implementation of Point of Consumption (‘PoC’) tax.  Pre-PoC EBITDA growth was GB 5.7 million or 53 percent.
  • Coral.co.uk showed strong growth in actives 49 percent up and spend-per-head up 17 percent ahead of the same quarter last year.
  • Mobile now represents 61 percent of sports and gaming stakes, an increase of 13 percent in sports and 11 percent in gaming y-o-y. 
  • Galabingo.com spend-per-head was 33 percent ahead, primarily driven by improvements to the VIP programme.
  • Mobile represented 45 percent of bingo stakes, an increase of 17pp from the prior year, and
  • Eurobet.it actives increased 39 percent.  The operation significantly outperformed the market claiming No.2 in Italy’s online sports betting market.

The group reported a strong first six weeks of trading to March 2, 2015 with continued growth in its Online division, however, sports margins it says in Eurobet Retail and Eurobet.it have remained disappointing although volumes remain strong.



Gambling News :

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

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