Wednesday May 27,2015 : INTEREST MOUNTS IN GALA CORAL BINGO SELL-OFF
Several interested parties in group's 132 club bingo chain.
The possible sell-off of Gala Coral's 132-club bingo interests in the UK – said to be worth around GBP 250 million – is progressing well, with several suitors lined up, according to British media reports.
Aside from the management buy-out offer led by Gala Bingo managing director Simon Wykes, media reports indicate that the Gauselmann group in Germany is interested, along with private equity firms Bridgepoint, Risk Capital Partners and OPCapita.
There has also been unconfirmed speculation that Lorne Weil, erstwhile chied executive of Scientific Games, may be assembling interested bidders with a view to forming an acquisition company targeting the Gala Coral sell-off.