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Interest in Gala Coral Bingo Clubs Grows
The selling price for Gala Coral’s 132 bingo clubs is said to be GBP 250 million and British media says there is significant buyer interest.
In addition to the management buy-out offer led by Gala Bingo managing director Simon Wykes, there are reports that the German Gauselmann Group is interested as are private companies Bridgepoint, Risk Capital Partners and OPCapita.
Rumors are swirling that Lorne Weil, CEO of Scientific Games, is working with interested bidders to create an acquisition company specifically targeted toward the Gala Coral sell-off.
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