Gala Bingo has been sold to a private equity firm. The sale price was not disclosed, but the company said the deal was worth £160 million.
Gala Bingo is one of the UK’s biggest online bingo operators and its brands include Bingo Palace, Joker’s Wild and Premier League Bingo. The company said it expects the sale to complete in the first half of 2019.
Gala Bingo has been one of the UK’s most successful online bingo operators for many years. In 2017, it generated £146 million in revenue.
This is likely to have increased following the launch of its new brands, Joker’s Wild and Premier League Bingo, in 2018. The company said that it expects the sale to complete in the first half of 2019 and that it plans to keep its headquarters in London.