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Saturday May 17 2008
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UK’s Gala in Tote talks with racecourses
Gala Coral, the betting, bingo and casino group, has held exploratory talks with representatives of Britain’s leading racecourses over a potential £300m-plus joint-bid for the Tote, the state-owned bookmaker, reports the Daily Telegraph. Neil Goulden, Gala Coral’s chief executive, hosted a meeting last Friday at the group’s Barking head offices with David Thorpe, chairman of the Racecourse Association (RCA), and Mark Elliott, the chief executive of Arena Leisure, operator of seven race tracks.
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