2/9/2003 Gala Group sold to Candover and Cinven
Gala, the UK's largest bingo operator and owner of 28 casinos including an online operation has been bought by private equity firms Candover and Cinven for US$2 billion.
Gala chief executive John Kelly expressed optimism in terms of the deal as well as the UK gaming industry deregulation.
He said, "This deal represents a fabulous opportunity for Gala to grow in the proposed modernised gaming environment."
Kelly continued, "I believe there will be strong potential for both organic growth and expansion by acquisition in the coming years."
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