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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.



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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.

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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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