Online and land gambling group has £4.4 billion in debt

December 11, 2008 (InfoPowa News) -- Industry observers were this week expressing concern over the ability of the giant U.K. gambling group Gala Coral to service its substantial £4.4 billion debt burden -- up from last year's £4.2 billion -- but company officials were confident that the company would continue to prosper.

The U.K. newspaper The Guardian reported: "Gambling group Gala Coral, one of Britain's largest private equity-owned employers, has seen losses more than treble as trading at its casino and bingo divisions has continued to slow sharply leaving the business straining to service its huge debts." Continue reading this story at the CAP News page.