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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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Gambling News :
IS DAN BILZERIAN A POKER FISH? -
Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten yearsí service under his belt, has retired, according to a company announcement Friday.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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