Gala Coral Streamlining Ahead Of Downturn
By Staff
The Gala Coral Group has revealed that it is instituting plans designed to streamline the firm ahead of the likely impact of the current economic downturn on casino, bingo and betting revenues.

According to a piece in the Financial Times newspaper, the Barking-based operator of such brands as the sportsbook and online bingo site has told staff that up to 200 jobs may be affected.

In addition, the firm’s five divisions are to be reduced to three with its bingo and casino groups merging while Coral betting shops are to be bracketed with its Eurobet equivalents in Italy.

'This is about planning for a downturn,” said Dominic Harrison, the firm’s new Chief Executive Officer after replacing Neil Goulden in September.

“Like everybody else, we are seeing pressure on the disposable pound.'

Gala Coral was formed in October of 2005 when Gala Group merged with Coral Eurobet in a deal that created one of Europe’s largest integrated betting and gaming groups. The firm focuses on high volume and low stake gambling and operates almost 1,600 licensed betting offices alongside 157 bingo clubs, 28 casinos and two greyhound stadia alongside UK telephone betting and online gambling businesses.
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