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UK gambling companies fall short of RiGT mark

Gala Coral CEO Neil Goulden warns U.K. gambling industry of government levy.

UK gambling companies fall short of RiGT mark The CEO of one of the biggest UK gambling company Gala Coral, Neil Goulden, is warning the industry of the possibility of statutory government levy. Earlier this year the gambling industry agreed upon voluntary £4 million funding of Responsibility in Gambling Trust (RiGT) to help prevent and treat gambling addiction, but so far only £1.7 million have been collected, with the major money coming from the UK's big three - Gala Coral, Ladbrokes and William Hill. Goulden is warning that if the rest of the money don't come voluntarily, the government will likely impose statutory levy, which would look bad for the industry and will make the smaller companies pay more. 

Gala Coral Group runs more than 170 bingo halls throughout the United Kingdom, as well as more than 30 casinos. The company has more than 1,500 betting shops and also operates online betting websites. The company is jointly owned by private equity firms Cinven Group, Candover Investments, and Permira.

 Published on 10/29/2007

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