Tag Archives: Carl Leaver

Reporting on its year to date performance (period ending 30 September), Gala Coral has recorded Group EBITDA earnings of £205 million, just 1% ahead of 2014’s £202 million. Gala Coral governance stated that corporate performance had remained strong despite encountering significant regulatory headwinds and a tough comparative period which featured no World Cup to boost company performance. The operator maintained …

Gala Coral has this morning announced the sale of its Gala Bingo retail division to private trust Caledonia Investments for a total consideration of £241 million. The sale of the division is expected to be completed within two months, upon approval from the UK Gambling Commission. Under its new ownership Gala Bingo Retail will retain Simon Wykes as its CEO. …

The potential merger UK legacy gambling operators Ladbrokes and Gala Coral has sent the industry into speculative overdrive as commentators and industry analyst try to gauge the effect of the heavyweight merger on the industry’s landscape. Both Ladbrokes and Coral’s governance have admitted that the merger talks are real and in action, Ladbrokes issued a statement to the FTSE market, …

Reporting on its Half Year (H1 2015) operating results, Gala Coral has continued its strong omni-channel performance with group EBITDA earnings up 10% to £135.4 million (£123.2 million). The operator recorded top line metric growth throughout its business channels despite new regulatory impacts in the UK market and poor football results impacting EBITDA margins during Q1 2015. The operator’s strong …

Gala Coral reported a strong start to 2015, as the operator saw strong multi-channel growth recording Total Group EBITDA of £67.3 million for Q1 2015, up 11% on 2014 £60.5 million. The operator highlighted its strong interactive performance as the driver for its positive Q1 results as the division saw revenue performance up 27% to 45.6 million. Its increased revenue …

Betting and gaming operator Gala Coral, reported gross profits up  9.1% to £890.1 million for 2014 (2013 – £815.4 million), as the operator published its unaudited performance report (period up to 27 September). The operator recorded improved revenue performance of £1.239 billion for the opening nine months of 2014 (2013 – £1.091 billion). The company’s improved revenues and gross profits, …

Gala Coral has restructured its Gibraltar digital gaming divisions, merging the management teams of Gala and Coral Interactive. Gala Coral Chief Operating Officer Andy Hornby is set to take charge of both merged divisions, replacing Coral Interactive Managing Director John O’Reilly. Gala Coral announced that Hornby would additionally continue to oversee Coral retail betting division. The decision to restructure its …

The chief executives of Britain’s  top four leading gambling operators have shown unity and support, for the launch of independent gambling advertising standards commissioner – The Senet Group. The independent initiative set up in order to co-operate with UK advertising standards authorities and government regulators, in order to bring clarity to gambling advertising practices and to avoid any future clampdowns …

Gala Coral Group has hired bankers Lazard as strategic adviser for the sale of its 130 retail bingo clubs. UK business sources have indicated that Lazard are seeking to sell Gala Coral’s retail bingo division for an estimated £250 million. A Gala Coral statement confirmed that the operator had “commenced a process to explore the possibility of a disposal of …