An encouraging start to the financial year for CoralMonday, Aug 7, 2017 14:00
In its first trading update this year, Coral, the British-based betting and gambling company, announced a 40 per cent increase in its sportsbook net revenue based on the same period last year. Digital net revenue for Coral is up an impressive 22 percent while its gaming net revenue is up 7 percent. Meanwhile, UK retail net revenue is down two per cent and European retail net revenue is down three per cent.
Coral CEO Jim Mullen said: "Trading in the period was in line with our expectations. We see encouraging trends in digital sportsbook and gaming with continued enthusiasm for our multi-channel products in all our major markets and over a million customers now signed up in the UK alone.”
He said that sporting results in the UK gave with one hand and took with the other but “we are probably marginally ahead overall.”
“The online market remains highly competitive, although recent high-profile sporting events seem to indicate that as much emphasis is being placed on customer retention as is being placed on the acquisition of new customers. Our plan is to continue to use our data-driven marketing approach and leverage our market leading multi-channel capability to enhance returns,” he added.
“We remain confident in the opportunities ahead for the business and in our ability to deliver the year in line with our expectations."
Coral launches Live Casino
UK bookmaker Coral has announced the launch of its new Playtech powered live casino studio. The operator announced that its Coral Live Studio would elevate the client experience, with stylish audio-visual quality, newly developed technology, and a brand-new user interface. It presently offers players four blackjack tables and a roulette table hosted twenty-four hours on a daily basis by skilled dealers.
“Coral’s new purpose-built environment, in partnership with Playtech, takes full advantage of our new, next-generation live casino studio and comes complete with a series of bespoke, flagship gaming products, a specially designed VIP area and a fresh and modern design,” said Playtech’s head of live casino innovation Kevin Kilminster.
“We're confident Coral players will love the new look and feel and experience the ultimate love casino offering on the market.
Nir Hakarmeli, who is the director of gaming operations for Coral, said: “The collaboration strives to provide the very best casino experience in the industry, and is part of Coral’s strategic initiative to bring Casino Live closer to Sports betting customers.”
Coral brand director Olly Raeburn said: “We wanted to provide something special for our Casino Live customers, and have enhanced the experience in every possible way.”
The Coral live casino is the number one alternative to regular casino gaming and comes with a host of impressive benefits. It allows you to experience the thrill of real casino gaming from your laptop, PC, tablet or mobile. Play live casino by your rules and around your schedule, with no long journey home at the end of the night. Play Coral's live casino from anywhere you want, be it from your bed or on your sofa; where you play is your decision. If you don't play as fast as other players then the Coral live casino allows you to play at your own pace, whilst playing with a real human dealer.
Check out our Coral Casino Review now!