Gala Coral : Bingo Sites & Casinos
Gala Coral : Bingo Sites & Casinos
Gala Coral Interactive (Gibraltar) Ltd owned by GVC Holdings offers world-class bingo, betting and casino gaming products in the UK. The brand operates three of Britain’s best-known sports, bingo and casino brands Coral, Eurobet and Gala online which are the most respected brands in the industry.
Related Pages: Gala Bingo Sister Sites
Who is Gala Coral?
Gala is a huge name in the UK for Bingo and Casino both on the high-street and online, and Coral is synonymous with its UK betting shops and has a strong online presence too.
With the exception of the land-based clubs as Gala Coral doesn't own these as th retail division was sold in 2015 to Caledonia Investments plc; both Gala and Coral companies are operated by Gala Coral Interactive which is a sister division of Ladbrokes Coral which are both owned by GVC Holdings after their acquisition in 2017 which has now formed one of the world’s largest sports betting and gaming Groups.
Brief History of Coral
Coral was established in 1926 as a company which operated betting pitches at racecourses. The founders were the first to take advantage of the new gambling legislation and opened a licensed betting office in 1961. The new law in the UK was not intended to promote betting, and therefore betting shops were unattractive in appearance and devoid of any comforts.
In 1971 Coral arranged a merged with bookmaker Mark Lane in 1971 and by 1979, the company rebranded to Coral Leisure Group and had diversified to include a variety of other operations, including bingo clubs, casinos, hotels and Pontins holiday camps.
Coral Group was then acquired in January 1981, by Bass plc and although it retained the Coral brand name, it became an integral part of Bass Leisure.
It company sold again in September 1998 to the Ladbroke Group for £363 million; however, the UK Government, ordered Ladbroke to sell Coral after the Monopolies and Mergers Commission as the acquisition was anti-competitive. The Coral betting business, except for 59 high street shops in Ireland and Jersey, was sold in a management buyout for £390 million in February 1999.
In November 1999, Coral acquired the Gibralter based online betting operation Eurobet for £7.1 million. The company changed its brand to Coral Eurobet in May 2000. It was then sold out again in 2002.
In 2010 Coral launched its first online betting site Coral.co.uk followed by Coral Bingo in 2012.
Brief History of Gala
Gala Bingo was established in May 1991 after Bass plc acquired Granada Theatre Limited’s retail UK bingo clubs as a merger with their existing Coral Social Clubs.
Gala officially launched on the 17 October 1991 with 17 re-branded Granada Theatre bingo clubs with a brand new image. In 1997 130 Gala Bingo clubs were purchased from Bass from a management buy-in led by John Kelly deal backed by PPM Ventures.
Over the few years, Gala acquired other bingo clubs which increased their portfolio of bingo halls these acquisitions included 17 clubs from Ritz in July 1998, 10 clubs from Jarglen in March 2000 and 27 Riva Bingo Clubs from First Leisure in April 2000,
In December 2000, Gala diversified outside bingo for the first time with the purchase of 26 Ladbroke Casinos from the Hilton Group. In 2001 the group added the Jamba Online business.
In October 2005, Gala acquired Coral Eurobet for £2.18 billion and changed its name to Gala Coral Group, creating the United Kingdom's third largest bookmaker and largest bingo operator.
Gala Bingo online website first launched in 2006, with the company using its own proprietary software before switching to the Virtue Fusion Network in 2012. Gala Casino formed a few years after GalaBingo.com in 2008 and Gala Spins 9 years later in 2017.
Gala Coral Divisions
The Gala Casino Group purchased Coral in October 2005 for £2.18 billion, and they changed its name to Gala Coral Group, creating the UK's third largest bookmaker and largest bingo operator.
In November 2016, Gala Coral was then acquired by bookmaker group Ladbrokes becoming a sister division to Ladbrokes Coral. Coral and Ladbrokes shops continued to operate under their respective names.
Both Gala Coral and Ladbrokes Coral divisions was acquired in March 2018 by GVC Holdings which is now one of the largest sports betting and gaming groups in the world.