Tag Archives: gala coral

Ian Bull steps down as Ladbrokes CFO

Ladbrokes Plc has confirmed that CFO Ian Bull will step down from his executive role in February of 2016, following the planned completion of the Ladbrokes Gala Coral Group merger. Ladbrokes Gala Coral merged financial operations will be headed up by Gala Coral CFO Paul Bowtell. Ladbrokes further informed that should the merger be completed before schedule, Bull will exit …

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Online performance boosts Gala Coral’s quarter

Gala Coral has bucked a trend by announcing good trading figures for the group’s third quarter period, ending 4 July. Net Revenue of £305.0m was 6% ahead of last year, and EBITDA of £65.7m was up 8%, boosted by continued growth in Online and Gala Retail. The figures are despite the £7.2m extra costs of gaming machines caused by an …

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Jim Mullen – Ladbrokes & Coral are still ‘fierce competitors’

As forecasted by city analysts Ladbrokes Plc posted H1 2015 operating losses of £41 million, making for a somewhat downcast first corporate update by New CEO Jim Mullen. However, the Scotsman feels upbeat about the operator’s future performance having called in a much needed review of its retail business division. Under Mullen’s guidance Ladbrokes’ new executive team implemented a write-down …

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£79 million expense costs see Ladbrokes post H1 profit slump

Reporting on its half year 2015 performance (period ending 30 June), FTSE250 betting operator Ladbrokes Plc posted group operating losses of £41.4 million (after tax). As expected by business analysts Ladbrokes’ retail betting division had been hit by a £51.8 million impairment charge, following a strategic review of its 2169 betting shop portfolio. The write-down of retail assets, would form …

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Gala Coral launches Legends of Racing slot

Continuing a busy summer of exclusive game development and launches, Gala Coral has released Legends of Racing, an online slot game available on desktop browsers, mobile and tablet.  It is the latest game designed and developed by the company’s in-house studio CR Games. This latest release is in partnership with Rewards4Racing and features some of the biggest names in flat racing …

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NetEnt signs content partnership agreement with Gala Coral

Igaming games and content provider NetEnt has signed a partnership agreement with gaming operator Gala Coral. Gala Coral is one of the largest European betting and gaming companies with a focus on the regulated markets in the UK and Italy. Today NetEnt announces yet another large customer partnership focusing on two of the key regulated markets in Europe, Italy and …

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Ladbrokes & Gala Coral ramp up merger talks

Multiple London business news sources have disclosed that Gala Coral and Ladbrokes are close to agreeing terms on a £3.5 billion merger, which would create the UK’s biggest bookmaker with over 4000 betting shops. Ladbrokes who are being advised on the merger terms by investment banks’ Greenhill Capital and UBS are expected to issue new share placements in order to …

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Gala Coral hires James Bunn as Interactive Finance Director

Gala Coral has confirmed the appointment of James Bunn as its new Finance Director for its interactive business division. Bunn joins Gala Coral from competitor Ladbrokes were he served as FD from 2012 – 2015. Bunn will assume the responsibilities of former interim FD Paul Meehan who has been appointed by the operator to the group role of Deputy Finance …

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Coral pushes for omni-channel future by appointing Shay Segev as CSO

Gala Coral has announced a major executive coup by announcing the appointment of former Playtech COO Shay Segev as its new Chief Strategy Officer (CSO). Segev will be charged with leading the operator’s omni-channel strategy, which has proved to be the operator’s key driver for growth. Segev who left leading gambling technology supplier Playtech in April, was a key figure …

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Ladbrokes’ LBO plans include wi-fi and ‘sports experts’

A report in the Daily Telegraph suggests one of new Ladbrokes CEO Jim Mullen‘s plans to revitalise business in the bookmaker’s betting shops is to have them operate as wi-fi hubs, allowing customers to bet with the firm via their own devices. By boosting the wi-fi capabilities in its 2,100 retail estate, the bookmaker is hoping to increase its recreational …

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