There have been hints over the past year that the Gala Coral Group who own the Gala Bingo chain were going to sell off their bingo halls in advance of a stock market flotation. And now it looks like the big sale is about to become a reality. The sale which comes in at roughly […]
Tag: Gala Coral Group
Battlefield Bingo From Gala Bingo
If you’ve read our scholarly and in-depth article on the early history of Bingo in the UK, like myself you were no doubt surprised to learn that bingo was played by British troops in the trenches of World War I. The game proved and excellent morale booster and social event for the entrenched soldiers, despite […]
Gala’s Everest Bingo Game Not The Highest?
First up today, congratulations to the 25 bingo players / Gala staff members that engaged in a game of bingo on the slopes of Everest last week. The event was more than a year in the planning, and arranged to raise money for Gala Coral’s nominated charity, Sue Ryder Care. It was a pretty momentous […]
Gala Bingo Worthless!
Well, I’m sure that the many hundreds of thousands of members would disagree with the headline of the post, but The Times says otherwise. Following on from previous news about Gala Bingo’s parent group’s financial troubles comes the news that the private equity backers of Gala Coral are concerned that their £5billion pound investment is […]
Seasonal Stories Round Up
Well, I’ve been caught up in all the fun and games the season has to offer, and let a few stories slip. Rather than go into depth, here’s a quick round up and links to further information on a few stories that caught my eye over the last couple of weeks. First up, another case […]
Gala Coral Down, But Bingo Improving
There’s been a couple of news stories this week around Gala Bingo’s financial status, or rather the status of the parent company Gala Coral. The private equity backed company has been suffering along with others in the industry, especially in its retail casino business. According to the Guardian the company’s debt rose to £4.4 billion, […]
Gala Coral Jobs Go In Restructuring
The Times had a report on some major changes at Gala Coral. The private equity company behind Gala Bingo are restructuring to improve their financial position and shedding up to 200 jobs as a part of the process. The move will see their five divisions cut down and rejigged to 3 – gaming, retail betting […]
Acquisitions, Take Overs And Valuations
There’s been a few stories around online bingo this week. First up, Bingo software provider Parlay has rejected the companies who tendered to buy them. They have however struck a close relationship with these companies with an eye to later licensing deals and joint ventures. Elsewhere, Bingos has been bought by NetPlay TV, the people […]
Gala To Close Five Bingo Halls
Well, have to say I was shocked when I spotted the news over at The Guardian that Gala Bingo are to close five of their Bingo clubs. It’s the first sign of closures from the UK’s biggest Bingo chain, and it comes just a short while after Gala Coral’s CEO Neil Goulden was quoted as […]
Gala Coral Profits Raise And No Club Closures Expected
News from the FT that Gala Coral have seen a profit rise in its last year of trading. The rises come on the last trading year up to September 2007, so the changes brought in to by the 2005 Gambling Act affecting gaming machines won’t real have bitten in much with this report, but it […]
