Tag Archives: gala coral

Exceptional costs sees Coral report £25 million losses ahead of Ladbrokes merger

Publishing what will likely be its last financial update as a private company, Gala Coral (Coral) has reported top-line metric growth hindered by significant exceptional costs as the company approaches its £2.2 billion merger with Ladbrokes Plc. Updating the market on its Q3 2016 performance (12-week period ending 2 July), Coral would declare net revenues of £264 million up 10% …

Read More »

Ladbrokes Coral merger to be completed in autumn after CMA ruling

The merger between Ladbrokes and Coral is set to complete this autumn after the Competition and Markets Authority (CMA) confirmed that the two firms must divest between 350 to 400 shops. In its final judgement, the CMA said: “Having considered responses to its provisional findings published in May and further analysed the evidence, the group of independent panel members investigating the …

Read More »

Intertain names former Sportingbet CEO in leadership team

Intertain has announced the appointment of Neil Goulden as its new Chairman of the Board and Andrew McIver as the new CEO. With McIver’s appointment, John Kennedy Fitzgerald has resigned as CEO, and Brent Choi has also resigned from the Board. Neil Goulden has spent the last twenty-five years at the board level within a number of significant gaming and …

Read More »

Bookies’ Corner – Getting ready for Euro 2016

With everyone’s eyes on Euro 2016 this week the latest Bookies’ Corner focuses on just that and the build up to it from the world of bookmaking. SBC spoke to Ryan Murton Head of Digital Marketing at Oddschecker, BetVictor’s Head of Sportsbook Product Eoin Ryan, Head of Football (Interactive) at Gala Coral Richard Scott and Unibet’s Head of UK Marketing …

Read More »

Debt burden sees Gala Coral post £49 million losses ahead of Ladbrokes merger

As UK gambling operator Gala Coral Group (Coral) prepares for its £2.3 billion merger with rival Ladbrokes, the company presented its latest H1 2016 results (28-week period ending 9 April), reporting core metric growth throughout all its products. Despite its strong core metric performance, Coral would report H1 interim losses of £49 million as the company looks to reduce its …

Read More »

Ladbrokes Coral need to sell 350-400 shops for merger approval

The UK Competition & Markets Authority (CMA) has said it will allow Ladbrokes and Gala Coral to continue with their merger plans, but only if the firms divest 350-400 betting shops. The proposed merger would create Britain’s biggest bookmaker with around 4,000 betting shops, but the CMA has identified 659 areas across the country where the deal could harm competition. …

Read More »

Coral promises to improve AML processes after £880,000 pay out

Gala Coral have been ordered by the gambling regulator to pay out nearly £880,000 for taking £846,000 from a problem gambler who was using the proceeds of theft to feed his habit. The perpetrator of the crime, a customer between 2012 and 2015, has been jailed for three years, and Gala Coral have promised to ‘take steps to improve its …

Read More »

Inspired’s launches Rush Football Live on Gala Coral

Inspired have announced that its premium all-new on demand and in-play Virtual Sports gaming product, Rush Football Live, will soon be available online and on mobile to Gala Coral customers. The game, which was recently showcased for the first time at ICE Totally Gaming 2016, will be available for the first time to Gala Coral customers via Inspired’s Virgo RGS …

Read More »

OpenBet surpasses Grand National record with 62,000 bets-per-minute

OpenBet, an omni-channel provider to the sports betting industry, handled 22 million sports bets on the day of the Grand National race across all channels. The 24-hour period is the supplier’s busiest of the year. At its peak, the company processed 62,000 bets-per-minute on Saturday 9th April 2016, an increase of 27% from 2015. In addition, OpenBet processed a total …

Read More »

New client growth drives NetEnt 2015 revenue & profits

New client growth in the US, UK and Europe has helped Stockholm listed igaming content provider NetEnt AB post a FY 2015 revenue increase of SEK 1.1 billion (£910 million) up 34% on FY 2014’s SEK 850 million. Publishing its year-end 2015 performance (period January – December 2015), NetEnt governance recorded corporate earnings of SEK 401 million (£33 million) with …

Read More »