Gala Coral Sells 130 Bingo Venues

UK gambling giant Gala Coral has announced that it has sold 130 of its land based bingo destinations to Caledonia Investments, which it offloaded in an attempt to merge with Ladbrokes.

The initial agreement was announced months back, but just came to fruition this week. The deal will see the names of the bingo halls changed, as there is no branding or domains included in the deal.

Gala Coral and Ladbrokes are set to close on a sale worth £2.3 billion in cash and shares, and the offloading of the bingo locations was necessary to help facilitate the deal, as both groups carry online and retail locations.

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