New Castle House            Castle Boulevard Nottingham NG7 1FT 
History of Gala Leisure Ltd Gala Bingo was formed in May 1991 when Bass plc. purchased Granada Theatre Limited’s bingo clubs to merge with their existing Coral Social Clubs. Gala was officially launched on 17 October 1991 when 17 clubs re-branded and launched a new image. In 1997 a management buy-in led by John Kelly purchased 130 Gala Bingo clubs from Bass. The deal was backed by PPM Ventures. In December 2000, the Gala Group made its first move into the casino sector with the acquisition of 26 Ladbrokes casinos from the Hilton Group. This established the Group’s leading position within the high volume, low stake sector of the gaming market. Private equity firms Candover and Cinven acquired the Group in February 2003 for £1.2 billion and in August 2005 a third investor, Permira, bought a stake in the Company valuing the Group at nearly £1.9 billion. In October 2005, Gala Group acquired Coral Eurobet in a deal that created a company with strong market positions in bingo, licensed betting shops and casinos. In 2010 Apollo Management, Cerberus Capital Management and Goldman Sachs invested in a debt for equity swap and the mezzanine debt holders took ownership of the Group. The new owners refinanced the Group In 2011 and embarked on a break- up disposing of its Casino businesses in 2013 in separate transactions with Rank Group Plc, Double Diamond Gaming Ltd and Gryphon AG. In the meantime Gala Bingo in 2011 and 2012 acquired two clubs from the Noble Organisation and one from Fraser Capital Management. In December 2015. Caledonia Investments plc backed a management buy- out of the Gala Bingo Division.
© Gala Leisure 2018
Contact details
T:   0115 948 5000 F:   0115 851 7536
New Castle House            Castle Boulevard Nottingham NG7 1FT 
History of Gala Leisure Ltd Gala Bingo was formed in May 1991 when Bass plc. purchased Granada Theatre Limited’s bingo clubs to merge with their existing Coral Social Clubs. Gala was officially launched on 17 October 1991 when 17 clubs re-branded and launched a new image. In 1997 a management buy-in led by John Kelly purchased 130 Gala Bingo clubs from Bass. The deal was backed by PPM Ventures. In December 2000, the Gala Group made its first move into the casino sector with the acquisition of 26 Ladbrokes casinos from the Hilton Group. This established the Group’s leading position within the high volume, low stake sector of the gaming market. Private equity firms Candover and Cinven acquired the Group in February 2003 for £1.2 billion and in August 2005 a third investor, Permira, bought a stake in the Company valuing the Group at nearly £1.9 billion. In October 2005, Gala Group acquired Coral Eurobet in a deal that created a company with strong market positions in bingo, licensed betting shops and casinos. In 2010 Apollo Management, Cerberus Capital Management and Goldman Sachs invested in a debt for equity swap and the mezzanine debt holders took ownership of the Group. The new owners refinanced the Group In 2011 and embarked on a break-up disposing of its Casino businesses in 2013 in separate transactions with Rank Group Plc, Double Diamond Gaming Ltd and Gryphon AG. In the meantime Gala Bingo in 2011 and 2012 acquired two clubs from the Noble Organisation and one from Fraser Capital Management. In December 2015. Caledonia Investments plc backed a management buy-out of the Gala Bingo Division.
© Gala Leisure 2018
Contact details