Private Equity Enters Gambling
Aggregated Source: China Venture News
December 16, 2007|
The Times Online says it's bingo!
Gala Coral, a British gambling operator backed by private equity funds, has managed to get a license to operate a bingo club in Hebei Province in China.
It's the first bingo club in China. But Gala Coral hopes that the Chinese infatuation with numbers and luck will help them open one hundred or so such clubs in Hebei.
Gala Coral has to get a license from the central government in Beijing now. But company official don't think that will be a problem because of the low stakes nature of bingo gambling.
Gala Corals is involved in gambling enterprises in a number of countries and on the Internet.
See article.
Original URL: Click here to visit original article
Copyright China Venture News
Gala Coral, a British gambling operator backed by private equity funds, has managed to get a license to operate a bingo club in Hebei Province in China.
It's the first bingo club in China. But Gala Coral hopes that the Chinese infatuation with numbers and luck will help them open one hundred or so such clubs in Hebei.
Gala Coral has to get a license from the central government in Beijing now. But company official don't think that will be a problem because of the low stakes nature of bingo gambling.
Gala Corals is involved in gambling enterprises in a number of countries and on the Internet.
See article.
Original URL: Click here to visit original article
Copyright China Venture News
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