Featured

Gala Coral Sells Remaining UK Casinos

Gala Coral Sells Remaining UK Casinos

The Nottingham based gaming group, Gala Coral, has sold off the last of its UK casinos to Double Diamond Gaming.

Gala Coral Sells Remaining UK Casinos

Gala Coral has sold its four remaining UK casinos to Double Diamond Gaming for an undisclosed sum.

In May 2013 Gala Gaming sold its casinos to the Rank Group for £179 million to make the Rank Group Britain’s largest casino operator, however, the deal excluded four casinos based in Aberdeen, Bristol, Cardiff and Teesside after a ruling from the Competition Commission. Now these four casinos and a Dundee casino license have been sold for an undisclosed sum.

Carl Leaver, Gala’s Chief Executive, said, “This transaction concludes the exit of our casino interests in the UK and is a continuation of our strategy to focus on growing our core operations.”

Double Diamond’s managing director Duncan Savage said that the company is delighted to have acquired the casinos, “The acquisition is a continuation of our strategy to build a high-quality casino group in the UK.” Savage went on to say that it builds on the company’s successful acquisition and re-launch of the Rainbow Casino in 2010. He said that they are planning to re-launch the newly acquired casinos over the Christmas period.

Featured

Raised close to London’s financial district, Ben has always found the world of business and money fascinating. While completing a degree in business studies Ben started writing for his university newspaper and hasn’t stopped since. Over the last decade Ben has gathered a wealth of experience writing about business and the financial markets and he is pleased to be able to share it with you here.

More in Featured

Big Time Journey Slot Collects Winnings Throughout Time

Big Time Journey Slot Collects Winnings Throughout Time

Rachel PhilipsAugust 25, 2015
£2.1M National Lottery Results for Wednesday August 12

£2.1M National Lottery Results for Wednesday August 12

Gemma MarksAugust 25, 2015
Woman Wins £51K Lottery Payout Using Ex-Partner’s Numbers

Woman Wins £51K Lottery Payout Using Ex-Partner’s Numbers

Gemma MarksAugust 24, 2015
Great Britain Advises Against Travelling to Tunisia

Great Britain Advises Against Travelling to Tunisia

Gemma MarksAugust 1, 2015
British Energy Companies To Slash Consumer Rates

British Energy Companies To Slash Consumer Rates

Ben ThomasJanuary 13, 2015
Gambling Act Enforcement Delayed by a Month

Gambling Act Enforcement Delayed by a Month

Gemma MarksOctober 1, 2014
Ladbrokes Adverts Banned Based on Irresponsible Attitudes

Ladbrokes Adverts Banned Based on Irresponsible Attitudes

Ben ThomasSeptember 18, 2014
32Red To Migrate Go Wild Casino Customers Following Database Purchase

32Red To Migrate Go Wild Casino Customers Following Database Purchase

Ben ThomasSeptember 11, 2014
London Casinos Receive New Security Systems From Eyevis UK

London Casinos Receive New Security Systems From Eyevis UK

Rachel PhilipsSeptember 5, 2014