Monthly Archives: June 2013

Coral Group announces first quarter results

Coral Group, this past week, released its latest quarter results. The report showed satisfactory results based on revenue generated during the first quarter. Gala Group is one of the world’s largest internet betting groups and employs over 18,000 people across the world. They operate bingo, casino and a retail chain of betting shops in Italy.

Some of the highlights to the report show that overall revenue was up by 9% at £311.3 million. This resulted in a gross profit of £234 million, which is a 6% gain over the same time period last year. The report also showed that the overall traffic and player acquisition had grown by 3%

 The CEO of Coral, Carl Leaver stated “Our interactive business saw strong growth this quarter. Also Eurobet continues to grow within the Italian market both with the betting shops and online. The acquisitions of five hundred new betting shop licenses will us to further grow our operation within Italy”

The new licenses are expected to increase overall profits in 2014. 2013 may not see added profit due to expenditures to establish the new betting shops. Overall the first quester shows excellent results with expectations for the second quarter to be high.

William Hill agrees to deal with U.S based Fifth Street Gaming

William Hill, one of U.K’s most successful betting firm, has agreed to a deal with Fifth Street Gaming. This deal will see William Hill providing sportsbetting to the newly built Grand Casino in Las Vegas Nevada. This is the first deal of its kind for William Hill and it is hopeful that additional interest will follow should this prove to be a successful partnership.

The casino will be opening in September of this year and the sportsbetting package that will be provided by William Hill will be up and running for the opening. The casino will have self-serve booths located throughout the casino and will also offer mobile sportsbook apps which will be compatible with all the various mobile devices that are offered.

William Hill is excited to be part of the changes that are occurring in Las Vegas and the Grand Casino is just one of the many opportunities that exist for companies like William Hill. William Hill offers an array of different online betting sites that cater to sportsbetting, casino, bingo and poker. They own and operate hundreds of betting shops in the U.K and Ireland and are a publicly traded company.