Coral has released H1 results that should be encouraging regarding the underlying strength of the business. Group revenue was up 13% to £604.9m, EBITDA was up 16% to £124.6m (+43% pre reg impacts), the broad theme was retail resilience and online growth in a period...

The New Jersey Division of Gaming Enforcement has declared GVC and its officers fit and proper, concluded its preliminary investigation, terminated the Monitoring Agreement in place and confirmed GVC's ability to operate in New Jersey under its current licenses. The decision is very significant not...

Gala Leisure has posted results for FY September 2015, a period prior to its acquisition by Caledonia Investments. The business, which operates 130 bingo halls across the UK (Mecca now 87), continued to display resilience. Revenue was up 1.6% to £284.7m (£2.19m per club vs....

Tatts Group announced yesterday that it was selling Talarius, its UK AGC business to Novomatic for £111m. The business operates c. 160 AGCs across GB (11% market share by licence) mainly under the Quicksilver brand, including in motorway service stations. YT June 2015, it generated...

Betfred Group accounts published Betfred has published its accounts to 27 September 2015 with UK Companies House. Turnover (is, bets placed) has increased 18.0% to £10.4bn, driven by an increase in customers and stake size. However, gross win increased by 8.2% to £526.1m (less favorable results)...

UK LBOs - Party Like its 1999? Today the UK CMA gave its provisional findings and remedies for the proposed Ladbrokes-Coral merger (see our summary below). Based upon the phraseology of the reports and press release, it appears as though the CMA is minded to allow...

The Draft Gambling Act in Poland – will it succeed in its Objectives? Poland is the latest EU Member State to engage in the process of modernising its online gambling laws. The government has published a draft Gambling Act with clear and sensible objectives. However, the...

UK Racing: Twilight Zone When UK bookmakers make financial announcements, if horseracing is mentioned, it is typically to highlight decline (see Coral H1 as the latest example). This is true from a retail perspective, and can be clearly seen from the Gambling Commission’s official statistics on...

Australian in-play – changing the rules of engagement Last Friday, Australia’s Northern Territory regulator informed its licensees (substantially all Australian corporate bookmakers) that they must desist from offering mobile in-play betting within 28 days, ahead of a new licensing condition being added which will prohibit ‘click-to-call’...