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Gala Coral to Trim Bingo Wings, Selling Bingo Arm

Gala Coral logo

Gala Coral has announced it is to sell its Gala Bingo retail brand to investment trust company Caledonia Investments for approximately £241m. The deal  is thought to include 130 Gala Bingo clubs and is conditional upon approval from the UK Gambling Commission, which Gala expects to be granted, though the wait for the seal of approval could take up to two months.

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Caledonia will trade with the bingo clubs under the Gala brand through a licence agreement between both parties. Gala Coral will however retain both the Gala brand and the websites Galabingo.com and Galacasino.com.

Gala Bingo logoIt was announced in July that Gala Coral is to merge with fellow operator Ladbrokes. If the merger is gains the approval of the Competition and Markets Authority the newly formed group will be the biggest casino operator in the UK.

Gala Coral claim that the sale of Gala Retail is unrelated to the merger, which includes certain businesses of Gala Coral (but not Gala Retail).

The Gala Group acquired Coral Eurobet in 2005 and transformed it into an integrated betting and gaming company, with a reported 38% market share.

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About Martina

Martina recently joined Droid Slots as a writer, regularly contributing to the ‘Reviews’ and ‘Interviews’ sections of the website, as well as trying her hand at the comic strips.A features journalist by training, she always strives for accuracy, objectivity and depth in her content, so you can rest assured her reviews are brutally honest, the interviews offer valuable industry insider scoop and the occasional guide is as comprehensive as possible. There will be no ‘fluff’ or prettying things up – just valuable content that will help you enjoy online casino gaming even more.

Industry News

Nothing happens in isolation, and never is that more true than with mobile casinos. What happens behind the scenes at casinos, developing houses and throughout the industry has a direct knock-on effect on the experience of players.

This is why we have a dedicated section of our site in which we look exclusively at industry news, and try and track the goings on and industry trends what matter to you – the player.

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