Gala Coral Announces Company Cut Backs

Companies all over the world are announcing cut backs and are shutting down costly divisions of their company; the online casino industry is not exempt from this. In a recent report by the publication The Financial Times, it was announced that the company Gala Coral will be reducing its company very significantly. To be exact the company announces that its five operating divisions will be cut down to just three. This is mostly precautionary due to the recent recession. The company has hired people that will strategically choose what the company will have to do to weather the recession storm. Online casinos all over the world are reporting record numbers, however that does not mean that all of the companies will be doing so well for long.

The heads of Gala Coral have notified all of their employees that there is a strong possibility that up to 200 jobs may be on the chopping block. This is not an easy decision for any company to make, let alone an online casino. The plan will move forward as soon as possible. One of the first steps is for their different online casinos to merge. For example, their bingo and casino divisions will be merging under the new plan for the folks over at Gala Coral. The Chief Executive Officer of Gala Coral, Dominic Harrison, recently confirmed the fact that they will be merging many divisions including Coral betting shops. That division will be re-vamped to resemble the Eurobet from Italy. Harrison knows how hard of a decision this is to make and said of the plan, “...this is about planning for a downturn. Like everybody else, we are seeing pressure on the disposable pound."