Tag: Gala Coral registers loss record revenue
Gala Coral registers loss despite record revenue
January 22, 2014
iGaming Business – Online and land-based betting operator Gala Coral has reported a significant pre-tax loss despite generating record turnover in the 12 months through to September 28, 2013. According to the Thisismoney.co.uk website, the firm posted turnover of £1.1 billion (€1.3 billion/$1.8 billion) for the period, up from the previous record figure of £1.06 billion. Despite the growth, Gala Coral also suffered a pre-tax loss of £206 million for the previous year. The loss comes as a result of a £59 million VAT claim, interest payments on its £2.1 billion debt and a £60 million writedown on the sale…















