Tag Archives: gala coral

Ladbrokes defers presentation as Coral merger talks continue

Ladbrokes has announced that it is to defer its planned business review presentation as talks over a possible merger with Gala Coral’s betting business continue. The presentation, due to be held tomorrow, was one of the early announcements by Jim Mullen when he became CEO as he planned to communicate his vision for the business, but events has since superseded …

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Mullen takes business centre stage as Ladbrokes aims for audacious Coral merger

Only three months after taking over the executive leadership of embattled Ladbrokes, new CEO Jim Mullen has become the talk of UK corporate business following the shock news of a potential merger with Gala Coral. This week Ladbrokes share price jumped 14% in the wake of the announcement, Mullen and Ladbrokes governance have stated that the merger talks are real …

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Insight: Experts comment on potential Ladbrokes Gala Coral merger

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, …

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Coral launches Wild Magic omni channel game developed by in-house studio

Bookmaker Coral has announced the  launch of Wild Magic on mobile and desktop as the first of many in-house omni channel games on the way. Developed by their in-house studio in Manchester, Coral is the first bookmaker to design and build their own omni channel games across all retail, social, mobile and desktop interactive channels under their CR Games brand. Coral has a strong pipeline …

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IPO Candidate Gala Coral concerned about further UK regulatory blocks

Despite recording a strong start to its H1 2015 corporate performance, Gala Coral governance has warned of further potential regulatory uncertainty for the gambling industry. At the start of 2015 Gala Coral governance had stated that the operator would investigate a potential IPO, following the conclusion of the 2015 UK General Election. However the operator has noted potential regulatory blocks …

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Strong omni-channel strategy reaps rewards for Gala Coral in H1 2015

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 …

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Phil Horne – raising money for problem gambling along the Great Wall

SG Gaming Group Managing Director Phil Horne explains why he and a number of his colleagues are joining the Responsible Gambling Trust‘s latest fund raising effort – a trek along the Great Wall of China. How many of you are going in the trek from SG Gaming and what are your goals? There are four people in total participating in …

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Gala Coral targets post UK Election IPO

The Financial Times (FT) has reported that Gala Coral governance are preparing for a potential IPO post the UK General Election (7 May). The newspaper reports that the operator is targeting a potential Q4 2015 float. Gala Coral governance will examine whether market conditions are favourable post the election as the UK gambling market may be hit with further constraints …

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Gala Coral reports strong opening to 2015 as Interactive drives performance

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 …

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Gala Coral denies OpCapita retail bid

Gala Coral management has moved to dismiss reports that it has held acquisition talks with international private equity firm OpCapita, over the sale of its Gala retail business unit. Last week UK business news sources reports that OpCapita had submitted an undisclosed bid for Gala Retail gambling division, a business unit that Gala Coral has considered selling in the past. …

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