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OPENBET C.T.O. MOVES TO U.K. LOTTERY SPECIALIST
2015-01-23

Nikos Kryvossidis, CTO at Openbet since mid-2011 with special responsibility for sportsbook operations, has left the company to take up a similar post with the UK National Lottery organiser, Camelot Group plc.

Kryvossidis has extensive management experience in the telecommunication and IT industries and was previously employed by Google, where he was director of content and commerce partnerships. The role included leading a team of sales engineers, technology account managers and software engineers responsible for worldwide content related products including Google Maps, Google Editions and Local Shopping.

Prior to Google, he worked for Visto/Good Technologies, Symbian and Lucent Technologies.

He holds an MSc in Computer Science from McGill University, Montreal and a BSc in Mathematics from University of Patras, Greece.




DETROIT VICTORY IN POKER TOURNAMENT
2014-07-02

Twenty-seven-year-old Detroit poker pro David Madden Betting Pandemonia Olson is the latest maiden bracelet winner at the World Series of Poker in Las Vegas, taking down event 52 - the $10,000 buy-in Limit Hold'Em contest for $303,909 despite a professional-rich and competitive field of 122.

The field, and the $1,146,800 prize pool that it generated, could have been larger, but the contiguous Monster Stack event may have lured many players away.

Three days into the competition just ten players remained, and that soon led to the formation of a final table that comprised Olson and Mikail Tulchinskiy, Greg Debora, Samuel Golbuff, Paul Mannoni, Bill Chen, Brian Tate, Jan Sjavik and Gabriel Nassif.

By the time three-handed action was reached Greg DeBora held the lead, as he had done for most of the day, but he fell short to a few coolers and busted out in third for $136,056, setting up Olson with the chip lead in a final battle with Mikael Tulchinskiy.

It took two hours to decide the winner as the lead changed several times, but in the end Olson was able to prevail and claim the main honours, leaving his gutsy opponent with a consolatory $187,811.



GALA CORAL GROWS ONLINE BUSINESS
2014-02-18

Gala Coral Group said its online business has exceeded the Board's expectations showing strong growth in active customers across all its online properties.
Key Group highlights for the quarter ended January 18, 2014 were:
-Turnover was 12 percent ahead of last year and gross profit was GBP 13.8 million or 6 percent ahead.
-EBITDA was GBP 60.5 million, 2 percent ahead of last year despite the adverse impact of exceptional football losses.
-Underlying year on year growth of GBP 11.8 million or 20 percent.
-Coral Retail's gross profit was GBP 5.3 million or 4 percent ahead of last year.
-Online showed strong gross profit growth, up GBP 11.1 million or 4.3 percent versus last year.
Carl Leaver, Group Chief Executive of Gala Coral Group, commented:
The Group delivered strong underlying EBITDA (pre-exceptionals) growth in the quarter, as we continued to leverage the investments we have made over the last two years, particularly in online and in Italy. Active customers numbers are increasing strongly across all our online websites and spend per head is exceeding our expectations.
"This clearly demonstrates that with market leading brands and technology we can achieve significant growth from this business in the years to come."
Key Highlights of the online business include:
-EBITDA (Pre-exceptionals) of GBP 10.3 million, up GBP 3.1 million or 43 percent.
-Customer growth of 60 percent in Coral.co.uk, 18 percent in Eurobet.it, 18 percent in galabingo.com and 142 percent in Galacasino.com
-Gross profit of GBP 11.1 million.
-Marketing investment of GBP 6.3 million and a 17 percent increase in other operating costs.
-Coral.co.uk sports stakes were GBP 55.6 million or 92 percent ahead of last year.
-Adverse football results are estimated to have reduced gross profit by GBP 3.8 million
-Gaming stakes in Coral.co.uk were 124 percent ahead of last year .
-Coral.co.uk gross win was GBP 8.7 million or 146 percent ahead at GBP 14.7 million.
-Mobile penetration in Coral.co.uk increased by 24.6 pp to 62 percent of actives and is expected to increase further following the launch of a new iPad app at the end of the month.

-Eurobet.it total gross win was GBP 2 million, a 23 percent increase over last year.
-Eurobet.it sports stakes were GBP 7.6 million or 28 percent ahead
-Eurobet.it gaming stakes were GBP 64.4 million or 51 percent ahead
-Eurobet.it mobile penetration grew, with 45percent of actives accessing the site through a mobile device, helping drive an increase in sports betting market share to 9.8 percent.

-Galabingo.com actives were 19 percent up over last year resulting in GBP 56.2 million or a 20 percent increase in stakes.
-Galabingo.com reported a GBP 2.9 million or 15 percent increase in gross win.
-Galabingo.com mobile penetration increased by 45 percent.

-Galacasino.com showed a 142 percent increase in active customers driving a 165 percent increase in stakes and a GBP 4.1 million (140 percent) increase in gross win.
-Galacasino.com mobile penetration increased to 28 percent.

-Across the two Gala branded websites gross win totaled GBP 29.4 million
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2015 Kentucky Derby Odds
2015-04-15

Kentucky Derby week is one of the most thrilling times of the year. This race is known as "The Most Exciting Two Minutes in Sports" for its approximate time length.



Check 2015 KY Derby Schedule May 1 and 24 at Sportsbook.com



Odds to Win 2015 Kentucky Derby