Gala Coral seeks to enter stock exchange in 3 years
Bookmakers Top Buchmacher

Gala Coral seeks to enter stock exchange in 3 years

Despite being debt-stricken, the Nottingham-based comapny has announced that its plans to be listed in less than three years.

Gala Coral has been in the midst of restructuring recently. Having cut Gala's debt burden from £2.6bn to £1.85bn, the mezzanine lenders, that is Apollo, Goldman Sachs, Cerberus and Park Square, now control 100% of Gala's equity. The leading gaming operator, therefore, remains positive about going public, reminding that in 2009 it made £335m of profit.