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Gala gambles on Tote offer

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Published Date: 07 November 2006
GALA Coral, Europe's biggest gambling firm, has confirmed an offer to pay the Government £325 million for the 540-strong betting shop arm of state-owned bookmaker the Tote.
Gala's offer compared favourably to a £320m bid for the bookmaker from a consortium of UK horse racing industry players, led by the Racecourse Holdings Trust, which was rejected by the Government in September.

A Gala spokesman said the firm was willing to spend another £80m for the entire Tote operation.



The full article contains 105 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 07 November 2006 10:19 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Gambling
 
 

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