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New Ceo At Gala Coral
The online and land UK gambling group Gala Coral has announced major management changes planned for the near future. Chief Operating Officer Dominic Harrison is promoted to chief executive officer with effect from October 1. He will replace Neil Goulden who moves out of the position after five years to become executive deputy chairman pending the departure within the next year of current chairman and founder John Kelly, when he will take Kelly's place.
Until then, Goulden will focus on developing the Gala Coral international operations – it has a presence in Italy and China – and dealings with regulatory and governmental bodies.
Harrison (45) who is married with three children, was head boy at Ampleforth College, then studied modern history at University College, Oxford. He qualified as an accountant with KPMG in 1988 before joining GrandMet then Bass in a variety of marketing and operational roles, going on to become commercial director at Ladbrokes before joining Gala in 2004 as trading director, and playing a leading role a year later in the purchase of Coral.
“After successfully completing a restructuring of the group’s banking arrangements in May of this year, and the establishment of a new five year plan, I am very excited about the growth opportunities now available to the group,” Harrison said.
As chief operating officer, Harrison was responsible for Gala Bingo, Gala Casinos, Gala Coral E-Commerce, Italy, International Development, Group Marketing and Electronic Gaming.
He became chief operating officer last (2007) year, appointed by the owners of the group, private equity investors Candover, Cinven and Permira, who recently injected GBP125 million of new equity into the company to relieve the pressure on its banking covenants. That refinancing was led by Harrison and he is said to have been the architect of the new five-year plan that accompanied it.
The group is also currently searching for a new Chief Financial Officer to replace present incumbent Matthew Roberts, who advised in April that he wished to leave the company.
Gala Coral, which operates 1 600 UK betting shops, 157 bingo clubs and 28 casinos, portrayed its shake-up as the implementation of a long-held succession strategy, saying Kelly had some time ago signalled his desire to move on in 2009.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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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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