Gala Bingo, will they last?

by Christy Tanner

Gala Coral seems to be having a major problem with debt. Even as far as hoping to free up cash from their Gala Bingo site. Not much has been found out about the overall information, but it is thought an amount of around £2.7billion may be owed in debts.

Hoping to relieve some of the pressure with a bit of cash, and also to add more to the Italian side of their business. In fact a report said that they were hoping to possibly switch up some debt for equity and relieve a bit of the debt that way.

At least it seems that Gala Bingo is enjoying some success in Italy. The sports betting operation is doing very well, and the people in Italy seem to love it.
It will be interesting to see what holds in the future for these plans of Gala Coral and how Gala Bingo will survive. Economic times are tough for everyone, and this is just one case that really shows it touches many people.

No Comments

No comments yet.

Sorry, the comment form is closed at this time.