Tag Archives: Gala Coral
- Gala Coral penalized nearly £880k over anti-money laundering and KYC lapses
April 27, 2016
UK-listed gambling operator Gala Coral Group has been forced to return nearly £850k after displaying “serious historical weaknesses” in its anti-money laundering (AML) and social responsibility controls. On Wednesday, the UK Gambling Commission published a report on its investigation of the activities of a high-volume bettor who patronized Gala Coral...
- NetEnt is the Test Case for Good Companies in Uncharted Environments
January 12, 2016
The case of NetEnt will set the tone for gaming investors in the next year or two. What happens with NetEnt’s stock this year will be very telling for how other gambling companies will perform in times of financial turmoil. This is because NetEnt is situated on two extremes. On...
- Betfred eyes shops from Ladbrokes-Coral merger
December 8, 2015
Another bookmaker is on the lookout for soon to-be offloaded betting shops from the Ladbrokes-Coral merger. Fred Done, co-owner of UK-based bookmaker Betfred, plans to buy as many as 500 betting shops, which he believes will be sold to satisfy competition concerns of the £2.3b Ladbrokes-Gala Coral merger. “If somebody...
- Gala Coral & Sky Betting & Gaming Dominate The eGR Operator Awards in London
November 25, 2015
Gala Coral & Sky Betting & Gaming dominated the eGR Operator Awards in London with seven gongs between them, including Operator of the Year for Gala Coral. Gala Coral executives set aside their merger worries for a solitary night as 600 of the creme de la creme of the online...
- Gala Coral sells bingo retail division ahead of Ladbrokes merger
October 26, 2015
UK gambling firm Gala Coral has sold its 130 retail bingo clubs to private investment group Caledonia Investments. In a press release on Monday, Gala Coral announced the sale of its Gala Bingo retail division to private trust Caledonia Investments for £241m. The acquisition is expected to be completed in...
- Ladbrokes secures £1.35b to fund Gala Coral merger
October 9, 2015
Ladbrokes has signed a £1.35b facility to provide financing for its proposed merger with Gala Coral Group. The new facility with a group of banks has three tranches, including a £600m term facility to be repaid in a year, with an extension option to January 2018; a £400m revolving credit facility...
Ex-Ladbrokes Australia boss to roll-out new online lottery
September 4, 2017
Ladbrokes Australia fined (again) for inducing gamblers
April 7, 2017