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DATE: May 25 2012
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Poker.co.uk - Poker News Archive

Thursday 2nd December 2004

Coral cash in

Coral have announced solid figures for the last nine months trading, pointing to the launch of Coralpoker.com as a driver for business.

The chain, Britain�s third biggest, has managed to repay �560 million of capital to investors thanks to a strong growth in sales. Coral may also be floated next year, joining William Hill and Ladbrokes, both listed competitors.

'Retail, internet and telebet, our three business channels, are growing strongly,� said Jeremy Greenhalgh, responsible for Coral�s refinancing. �This business is enjoying industry leading organic growth rates and there are still further opportunities to expand the chain and launch new products.�

Coral�s value has risen from �1.35bn in February to �1.6bn, and the chain has expanded from 874 shops to 1,106 outlets in the last two years.

Source: OnlineCasinoNews

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