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Review Date :
17th March 2010
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In 1997 a management buy-in
purchased 130 Gala Bingo Clubs from Bass. The management team led the
management buy-in. The deal was backed by PPM Ventures.
In December
2000, the Gala Group made its first move into the casino sector with the
acquisition, of 26 Ladbrokes Casinos from Hilton Group. This established Gala's
leading position within the high-volume, low-stake sector of the gaming market.
In October 2005, Gala Group & Coral Eurobet merged, creating one of
the top 100 companies in the UK.
Private equity firms Candover and
Cinven acquired the Group in February 2003 for £1.24 billion, and in
August 2005 a third investor, Permira, bought a stake in the company valuing
Gala at nearly £1.9bn.
In October 2005, Gala Group acquired Coral
Eurobet in a deal that created Europe's pre-eminent integrated betting and
gaming company with strong market positions in licensed betting offices, bingo
and casinos, and a high quality multimedia offer.
In January 2006, the
Group acquired the County Clubs Bingo chain in Scotland.
In February
2006, the Group went on to acquire the Leo Casino in Liverpool, from Dolby
Management Ltd, increasing the number of casinos in the estate to 31.
Gala owns 162 Clubs, 29 Casinos and one in Gibraltar, nearly 1,600
licensed betting offices. The Group currently has licences to operate 360
outlets in Italy of which about 80% are open.
There is a lot on
their site. The design has improved of late and the range of sports to be
accessed is impressive. We like their golf coverage as they often take a stand
on a price and give good action when they are wrong.
The menu system
takes a bit of getting used to and can be improved. Annoying system of bet
verification if you have more than a few quid. If you want a large bet then do
not try it after 9pm as their traders have gone home and you will get knocked
back.
Great account facilities and results page covers every
sport. |
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IBAS registered |
Summary |
Cut : Tax free |
Score : 8/10 |
Limits : Max. payout £1 million |
Tel : 0800 440011 |
Email
must use their form? |
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Based : Glebe House, Vicarage
Drive, Barking, Essex, IG11 7NS |
Comp. No. : 4639005 |
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