Coral Posts Q4-2016 Numbers Ahead Of Merge With Ladbrokes

Online shines in quarterly report

Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Financial figures include Coral Retail and Eurobet Retail and Online, but exclude Gala Retail.
Trading in the 12 week period was positive with total Coral Group net revenue 8.9 percent ahead of last year (YTD +11.3%), the company revealed in a statement.
Coral Retail net revenue grew 0.3 percent driven by an improvement in OTC gross win margin and machines growth, whilst Eurobet Retail net revenue was 31.2 percent ahead of last year, with strong growth in sports stakes.
Online operations delivered continued strong growth with net revenue 23.7 percent ahead of last year (YTD+28.3 percent) with net revenue 31.7 percent ahead driven by strong sports stakes growth.

Online Casino News Courtesy of Infopowa