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GALA CORAL GROUP PLANNING IPO?
Monday March 16,2015 : GALA CORAL GROUP PLANNING IPO?
Will gauge market conditions following UK General Elections
Rumours of Gala Coral Group’s supposed preparations to float on the stock market have resurfaced with the Financial Times reporting a planned flotation date in the fourth quarter of 2015.
According to the publication, Gala Coral will gauge market conditions following May 2015’s UK General Election before forging ahead with plans.
Financial Times reports Goldman Sachs and Morgan are informally advising the Group with regard to a potential IPO that would value the company at around GBP 2 Billion.
The company, owned by a cluster of private equity firms and hedge funds, including Apollo Global Management, Cerberus Capital Management, Anchorage Capital Partners and Park Square Capital, was said to have been considering an IPO back in September 2013 as it launched a strategic review of its business that involved the potential sale of its Coral betting shops and Gala bingo halls
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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