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The UK Government, however, ordered Ladbroke to sell Coral after the Monopolies and Mergers Commission found that the acquisition was anti-competitive. [8] The Coral business, except for 59 shops in Ireland and Jersey, was sold in a management buyout financed by Morgan Grenfell Private Equity for £390 million in February 1999.
Ladbrokes Coral is a British gambling company founded in 1886. Its product offering includes sports betting, online casino, online poker, and online bingo. The Ladbrokes portion of the group was established in 1886, and Coral in 1926. In November 2016, the companies merged to create Ladbrokes Coral Group. Since March 2018, it has been owned by ...
It later became an independent company, and then became the Gala Coral Group after acquiring Coral Eurobet in 2005. After the sale of its 126 clubs in 2015 to Caledonia Investments (who rebranded them as Buzz Bingo in September 2018 [ 1 ] ), Gala Coral retained the online Gala services and was later acquired by Ladbrokes (which was later ...
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The Coral Island name is shared with the book which gave Coral his adopted surname. The Coral Island sites were large concrete entertainment complexes with music, gaming machines, and bars, as well as a small outdoor pool and sun terraces. [14] [15] The new attraction at Torquay cost £15m, and the opening was delayed by repeated vandalism. [16]
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