Caledonia Investments plc has announced that it has completed the purchase of the UK’s largest retail bingo operator, Gala Bingo, from Gala Coral Group. Caledonia acquired 130 Gala Bingo clubs for a fee of £241m. Gala Bingo was formed in 1991 and currently holds a 38% share of the retail bingo UK market. It’ll continue to trade under the Gala brand …
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Caledonia Investments acquires Gala Bingo retail division for £241 million
Gala Coral has this morning announced the sale of its Gala Bingo retail division to private trust Caledonia Investments for a total consideration of £241 million. The sale of the division is expected to be completed within two months, upon approval from the UK Gambling Commission. Under its new ownership Gala Bingo Retail will retain Simon Wykes as its CEO. …
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