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Gaming International completes £14.2m MBO
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Clarke Osborne, chief executive of Gaming International, has announced that the £14.2m management buyout of the company by TokLon has now been completed.
Gaming International operates four UK greyhound racetracks under the Stadia UK brand – at Swindon, Milton Keynes, Reading and Poole – as well as owning various property interests and a Pachinko Gaming business in Japan.
Osborne said: “I believe this deal marks the start of a new era for the company. We now have some great opportunities and challenges for the future, not least of which is the UK Gambling Bill.
"We are undertaking a review of the business with our management team with a target of improving our offering to our customers and harnessing the benefits of being a private company.
“Our initial concentration will be on our greyhound stadia in the UK."
Finance director Steve Haywood and non-executive director Graham Parr were the other members of the management buyout team. Parr will now take on the role of chair.
Clarke Osborne, chief executive of Gaming International, has announced that the £14.2m management buyout of the company by TokLon has now been completed.
EAG
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