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Gala Coral Releases Financial Results

UK based internet betting firm has announced that it has released its latest financial results, noting that company earning were up 25% for the company's third quarter.

Key financial indicators for the quarter ending July 6th, 2013 were:

  • Earnings up 25% to £6.6 million

  • 15% rise in active customers to 197,100

  • Coral Interactive delivered a 105% increase in gross profit to £3.9 million following a 41% increase in active player numbers

  • Gala Interactive achieved a 28% increase in active customers, driving a 44% increase in wagers and a 27% rise in gross profit to £2.6 million

  • Sports betting turnover up 160% to £67.4 million and gross win up 119% to £4.6 million

  • 424% surge in Gala Casino’s active customers to 38,800

  • Casino turnover up 128%, with gross win rising 190% and gross profit leaped rocketing up188% to £2.1 million

  • Gala Bingo actives were up a more modest 4%, generating turnover up 23%, and gross profit gained up 13% to £10.3 million

  • Eurobet Italia online sportsbetting pushed its market share up to 9% from last year's 7.2%

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