Published
Bingo

Gala Bingo prepares for sale and brand overhaul

Gala

galabingorebrand
Gala Bingo has announced its plans for a significant overhaul in future months. The company is seeking to sell off a selection of its sites as the firm prpares itself for a rebrand.

Caledonia Investments, private equity owners of Gala Bingo since 2015, is planning to sell some of its sites, as well as offering some companies the option of taking up excess space in various locations.

The last available set of figures for Gala Bingo were back in 2015, where operating profits fell by 5% to £746,000. Moreover, pre-tax profits heavily dropped from £40.9m in 2014 to £1.9m, due to payments from other group companies not being repeated.

Potential buyers including supermarket chains Co-op, Nisa and Farm Foods, in addition to Gym Box and The Gym have been approached about whether they are interested in any of Gala sites.

Sources suggest that the name being considered for the rebranding is Buzz Bingo. A spokesman for Gala declined to comment on the rebrand; however, she said that the company always reviewed its estate.

“We regularly review opportunities to invest in our estate and create added value services for our customers. There may be occasions where clubs are considered for disposal but this will be on a case-by-case basis.”
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
 
 
Premium Connections
The Global Gaming Awards are the most trusted and prestigious Awards in the gaming industry, recognising and rewarding the strongest performers across the previous 12 months.
25 Sep 2022

Global Gaming Awards Las Vegas 2022: Full Shortlist revealed

Gambling Insider and Gaming America are delighted to share the Shortlist for the 2022 Global Gaming Awards Las Vegas.

Life after M&A

Pariplay CCO Enrico Bradamante speaks to the GI Huddle about...

Global Gaming Awards Asia 2022: Winners revealed

The winners of the inaugural Global Gaming Awards Asia have...

Coming to America

Interblock Global CEO John Connelly speaks to Gambling Insid...

The supplier story so far

Gambling Insider speaks with leading executives from Relax G...

Read Magazine