Gala Coral’s losses widen

Oliver Smith
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BINGO hall and casino operator Gala Coral yesterday reported its turnover for the full year ending 28 September 2013 was six per cent ahead of the previous year, with growth in all of its businesses aside from its Gala Retail bingo division.

Overall Gala’s losses widened to £218.7m during the financial year, up from £123.2m in 2012. Total debt for the business stands at £2.1bn, a slight decline from £2.24bn in 2012, which incurred costs in interest and charges of £235.2m during the year.