Gala Bingo owners Gala Coral have eventually sold 47 of their bingo hall properties to M&G Investments in a streamlining move before flotation of the Gala Coral group on the stock exchange. There had been talk of the sale over the past year, following the sale of their Gala Casinos, however obviously with a sale […]
Tag: Gala Coral
Gala Bingo Big Sell Off An Opportunity For Bingo?
It looks like one of the UK’s biggest and most well known brands may be about to sold off in what may be one of the biggest sales in bingo history. Gala bingo has been a recognised brand on many of our high streets for over a quarter of a century, some of their clubs […]
Big Gala Bingo Sell Off?
Gala Coral may be selling their Gala Bingo clubs in an effort to ‘clean up’ their operation. Whilst this summer has been one of the best for the past twenty years or so, the bad news for bingo clubs is that numbers have been down during an uncharacteristic run of ‘beer garden weather’. While we’ve […]
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 […]
Bingo Buyouts And Takeovers
In other news, there’s been a few major stories to do with bingo company takeovers and sales. First up, and a major pointer towards the consolidation taking place in the online bingo market is the yet to be finalised sale of the standalone Cassava powered site Wink Bingo, which was snapped up by the 888 […]
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 […]
