Gala Coral management has moved to dismiss reports that it has held acquisition talks with international private equity firm OpCapita, over the sale of its Gala retail business unit. Last week UK business news sources reports that OpCapita had submitted an undisclosed bid for Gala Retail gambling division, a business unit that Gala Coral has considered selling in the past. …
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Gala Coral has sold 47 of its UK bingo properties to Investment and equity management firm M&G Investments in a deal valued at £173 million. The deal will see M&G takeover 40% of Gala Corals 127 UK bingo sites, with 36 of the clubs being freehold properties. The acquired property portfolio from Gala Coral will further see M&G gain 12 …
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Having closed its application window on 9 December, La Dirección General de Ordenación del Juego (DGOJ) Spain’s gambling regulator disclosed that it had received general applications for licences from a twelve European igaming operators. Industry news source EGR Magazine, has reported that sports betting operators Eurobet and Betclic Everest are amongst the twelve applicants who have applied for general licences. …
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Betting and gaming operator Gala Coral, reported gross profits up 9.1% to £890.1 million for 2014 (2013 – £815.4 million), as the operator published its unaudited performance report (period up to 27 September). The operator recorded improved revenue performance of £1.239 billion for the opening nine months of 2014 (2013 – £1.091 billion). The company’s improved revenues and gross profits, …
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Gala Coral has released its preliminary unaudited 2014 Q4 and full year performance results (period ending 27 September). The operator recorded an increased Q4 2014 revenues of £288.3 million up 21% on Q4 2013 £238.6 million. Increased gaming revenues were supported by improved Q4 gross profits of £211.7 million up 20% on Q4 £175.8 million. Gala Coral expects to post …
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NYX Gaming Group has announced the debut launch at Gala Coral of the exclusive new Judge Dredd slot game. NextGen had announced earlier in the year an exclusive licensing deal which allows for the creation of games featuring the popular 2000 AD character. Judge Dredd stories have for over 37 years generated millions of fans worldwide through comic books, graphic …
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Unibet is the latest sports betting operator to strengthen its player protection initiatives by launching an age verification monitor to its English language Twitter feed. The European sports betting operator announced that its English Twitter followers would be required to enter their date of birth in order to follow the operators Twitter feed, latest news and player promotions. Unibet management …
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Gambling Consultant Steve Donoughue takes a look at the attempt of bookmakers to replicate the alcohol industry’s Portman Group. Yesterday saw the launch of the Senet Group by the big 3 Bookmakers and Irish upstart Paddy Power. For those of you who missed it, which is odd because it got some good news coverage, the Senet Group will be an …
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Gala Coral announced the launch and integration of the Bet-in-Play (BIP) retail betting solution by betting and gaming software provider OpenBet. The solution offers an in-play/ real time betting experience in a retail environment. Designed for running on a self-service touchscreen tablet device, BIP enables cashless wagering on a range of betting opportunities available within the Coral retail shops. It …
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Gala Coral has made a positive move to divest its bingo division by recruiting Lazards to set up a sale, according to the latest reports in the Financial Times. Any sale would allow the company to concentrate on its betting business, mainly the UK’s third biggest retail estate. The gambling operator is hoping that its 135 bingo halls will generate …
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