Coral Sold
Reuters.co.uk >> Gala buys Coral to form 4 billion strong gaming group > Coral Sold For 2 Billion
Coral, one of the big 4 bookmakers in the UK have been sold to the Gala Group for £2.18 Billion
Gala Buy Coral Press Release >> GALA AND CORAL EUROBET TO FORM EUROPE'S LARGEST INTEGRATED BETTING AND GAMING COMPANY > Gala, the gaming group, today announces the acquisition of Coral Eurobet, the bookmaker and internet gaming operator, for a consideration of £2.18bn. The deal creates 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.
The enlarged company has an enterprise value of more than £4bn. It trades from 1,450 outlets, employs a total workforce of 17,000 and has more than 2.2 million active customers.
