In 1997 a management buy-in led by John Kelly (Ex non-executive Chairman) purchased 130 Gala Bingo clubs from Bass. The deal was backed by PPM Ventures.
In December 2000, the Gala Group made its first move into the casino sector with the acquisition of 26 Ladbrokes casinos from the Hilton Group. This established the Group’s leading position within the high volume, low stake sector of the gaming market.
Private equity firms Candover and Cinven acquired the Group in February 2003 and in August 2005 a third investor, Permira, bought a stake in the Group.
Enjoy the game but gamble responsibly. www.gambleaware.co.uk
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