Ten Year Major Money Merger Completed

Major Merger for Playtech and Gala CoralTen Year Major Money Merger Completed

Publicly traded, Playtech and Gala Coral (Grosvernor Casinos) signed a deal that should generate mega millions for both parties. The deal will move Gala Coral’s electronic gaming interests, which are currently divided over several companies, to the popular Playtech franchise of gaming software.

Investors were already pleased when the path was paved a few months ago for the deal and even more so now that it is signed. There are some losers in the deal unfortunately for the previous suppliers of gaming software to Gala Coral. However, on the brighter side of business, this deal will go a lot for the gambling trade in terms of customer satisfaction and in turn, investor satisfaction.

Playtech will now be found in all of Gala Coral’s gambling interests including their two-thousand some betting shops about the UK and Europe.

August 16, 2011 by : posted in Featured News No Comments