Gala Coral Gambling Group Float Planned

Published: Tuesday, May 09, 2006 Online-Casinos.com

MASSIVE GALA CORAL GAMBLING GROUP FLOAT PLANNED FOR 2007

Chief executive throws out a GBP 5.5 billion teaser to financial press

UK gambling group Gala Coral seems to be planning a GBP5.5 billion IPO, presumably in London within the next 18 months, according to statements its CEO is reported to have made to the Financial Times last weekend.

Neil Goulden, chief executive of Gala Coral, is quoted as saying that a float by the company was 'inevitable' and that he was intent on delivering profit growth over the next 18-months, so that by autumn 2007 the business would "...attract a value of GBP 5.5 billion".