Site of the month

Rise Casino

Rise Casino

GET 50 FREE SPINS & £10 BONUS  

Visit

First-time depositors only (18+ country restrictions apply). Min deposit: £10. Max offer: 100% Games Bonus up to £10 & 50 Free Spins (on Fruit Blast). Promo code: GET50. Any Games Bonus winnings, if applicable, must be wagered 35x before withdrawal. Any Free Spins winnings, if applicable, will be credited as bonus funds and capped at £5. FS are valid for 7 days and any winnings must be wagered 35x before withdrawal. Games Bonus win cap: £100 + original bonus amount. Wagering contribution varies by game. Any outstanding vouchers (free spins or bingo tickets) and pending winnings will be removed from players’ accounts if they haven’t logged in, in 5 days. We reserve the right to deny bonuses based on abusive bonus activity across sites operated by the Company. Deposit balance is available for withdrawal at any time (UK only). General withdrawal restrictions & full T&Cs apply. Valid until further notice.. View Full T&Cs

Offer of the month

SpinYoo Casino

SpinYoo Casino

100% First deposit bonus up to £250 + 100 bonus spins.  

Visit

18+. New players only. Min Dep £20. Max Bonus Bet £5. Offer: 100% of 1st deposit up to £250 + 100 Yoo Spins on Starburst, Book of Dead, Fire Joker, Gonzo's Quest, & Big Bass Bonanza respectively (first 20 credited on 1st deposit; rest credited at 07:00GMT at 20/day). Spins expire after 23:59GMT on day they’re credited. Winnings from each 20 spins capped at £50 & credited as bonus. Bonus funds expire after 30 days, are separate to Cash funds, & subject to 35x wagering of bonus + deposit amounts. Only bonus funds contribute to wagering requirements. Bonus funds can only be used on slots. Full Terms Apply. Play responsibly. BeGambleAware.org

Gala Coral’s Online Performance Can’t Shake Costs and Debt

Despite an excellent online performance, Gala Coral still finds itself struggling due to rising costs and debt payments.Online sports betting revenue more than doubled year-on-year, but Gala Coral still lost not far shy of £50 million in fiscal H1.

Debt and new taxes

 The company blamed the loss of £49.8 million, a big difference from the £103.4 million profit a year ago (although that included the sale of its bingo operations) on paying down debt, new taxes, and increasing costs.The costs around the company’s forthcoming merger with Ladbrokes, as well as training staff on new anti-laundering and customer protection measures were cited as reasons for the loss.

Revenue

 Overall revenue was up 13% to £605m, with the majority of those gains coming online. Coral retail revenue also improved, up 4.3% to £382m and the continental Eurobet retail division also rose up to, 29% to £54.9 million, Gala Coral’s online operations surged 45% to £166.2 million. gala coral Coral.co.uk’s sports betting revenue rose 108% to £32.7 million while the site’s gaming revenue was up 38% to £53.4 million.There were raises in revenue year-on-year across the board, with even OTC betting revenue rose 5% to £165.7 despite falling stakes and the worst Cheltenham Festival in well over a decade, those losses being predominantly offset by good Grand National results.

Gala Bingo up

 Galabingo.com revenue was reported to have gone up by 15% to £47 million, with 60% of stakes coming from mobile and tablet users.Galacasino.com revenue fell by 17% to £1.2 million after a planned reduction in marketing.

Leave a comment