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Coral is a chain of betting shops in the United Kingdom, owned by Entain. The Coral business was established by Joe Coral in 1926. It grew into an entertainment conglomerate before undergoing a series of ownership changes starting in 1981. As of 2015, Coral had 1,845 shops across the country. [1]
Ladbrokes Coral is a British gambling company founded in 1886. Its product offering includes sports betting, online casino, online poker, and online bingo. The Ladbrokes portion of the group was established in 1886, and Coral in 1926. In November 2016, the companies merged to create Ladbrokes Coral Group.
In their year end accounts of 2012, the company reported employment of 4,801 staff in their bingo clubs, along with 10,849 in 1,600 Coral shops, 2,776 in 25 casinos, 276 in remote gambling and 98 in Italy where it had over 400 betting outlets, plus a further 374 in support staff functions. [16]
In the United Kingdom, Ireland, [1] Australia and New Zealand, a betting shop is a shop away from a racecourse ("off-course") where one can legally place bets in person with a licensed bookmaker. Most shops are part of chains, including William Hill, Ladbrokes, or Coral. In Australia and New Zealand, they are operated by totalisator agencies.
Betfred's retail expansion continued with shops opening around the United Kingdom. Betfred's five-hundredth shop opened in Cardiff in 2005. [8] In 2013, the company established Betfred TV, an in-house channel that is available in all shops both on the high street and on the racecourse. [9] This was the first of its kind in the United Kingdom.
In December 2017, it was announced that GVC would take over the bookmakers Ladbrokes Coral for up to £4 billion, with Alexander as CEO, and a likely FTSE 100 index entry. [ 7 ] In July 2020, it was announced that Alexander would retire, to be succeeded as chief executive by Shay Segev , the chief operating officer. [ 8 ]
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Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. [2] It owns brands such as bwin, Coral, Ladbrokes, PartyPoker and Sportingbet.