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GALA CORAL IN TALKS WITH ONLINE GAMBLING SOFTWARE PROVIDER
Written On 5/18/11 By Recentpoker.com staff writer Lenny Wasman :
Internet software collaboration with Playtech?
The Israeli and UK press started reporting Sunday that internet gambling software developer Playtech and the Brit land and online gambling group Gala Coral are negotiating a software supply deal.
Playtech is reportedly still engaged with the Ladbrokes group in talks on a possible merger or acquisition agreement, and partners William Hill plc in the William Hill Online joint venture.
Gala Coral reportedly wants to use Playtech technology for its online bingo, sports betting and casino games.
Unidentified company sources at Gala have stressed that the relationship will be one of supplier-customer rather than an acquisition initiative.
Playtech recently resolved its contractual dispute with William Hill plc in respect of the two companies' joint venture in William Hill Online, and Playtech is free to enter into software provision agreements in the normal run of business.
One report, in the Daily Mail, revealed that Gala Coral IT staff have been warned that there may be job cuts if a software deal goes through.
The company is currently splitting itself into largely autonomous divisions in an internal reorganisation in which it has previously claimed that 100 new jobs will be created. There has been speculation that this move is to prepare for the sale of some divisions when the market improves; Gala has already rejected one bid for its bingo business.
Gala recently completed a complex refinancing but still has a GBP2 billion debt burden.
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Kentucky Derby Odds: Justify still Favorite -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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