Gala purchases Coral Eurobet in UK

October 7

In the United Kingdom, the casino company Gala is acquiring Coral Eurobet for $3.87 billion in US dollars. With his new purchase of the company, Gala will become Europe's largest privately-owned casino gaming group.

Gala's casinos and bingo halls will be merged with Coral's betting establishments and dog racing tracks.

The new massive conglomerate will be worth more than 4 billion (UK), with more than two and a quarter million customers visiting an impressive 1,450 casino style facilities.

Neil Goulden, Gala's chief executive, says that wagering and bingo would benefit from deregulation.

Both companies involved also have a solid existence in the online casino market. This wil no doubt be a major focus from the new merge.