Financial Times FT.com

Gala Coral to hedge its bets before downturn

By Roger Blitz, Leisure Industries Correspondent

Published: November 13 2008 02:53 | Last updated: November 13 2008 02:53

Gala Coral is streamlining its operations ahead of the likely impact of the economic downturn on casino, bingo and betting revenues, and has told staff that up to 200 jobs may be affected.

Its five divisions will be pared back to three, with bingo and casino merging and Coral betting shops being bracketed with its Eurobet equivalents in Italy.

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