Gala Coral to Sell Bingo Clubs?

Gala Coral to Sell Bingo Clubs?

Written by: Glo Wood on 11/04/2014 20:45
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Gala Coral could stand to earn a cool £250m with the sale of its 137 UK bingo clubs. There was an increase in investor after the UK government’s announced the reduction on bingo duty from 20% to 10%.

This week UK media have been reporting that several investment firms have interest in the acquisition of Gala Bingo including OpCapita, previous owners of UK retail chains Comet and MFI.

Gala Coral’s bingo operation provides jobs for nearly 5,000 people around the country and we just may see its bingo business being sold off in the future.

Lazard has reportedly been taken on to manage the sale.

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