iGaming Business – Gala Bingo managing director Simon Wykes has spoken of the challenges of operating in the UK bingo industry. According to the Financial Times newspaper, Wykes’ comments came shortly after parent company, land-based betting operator Gala Coral, announced plans to sell its bingo division to raise up to £250 million ($400 million/€292.5 million). The announcement has generated interest amongst private equity groups, with the company having recorded earnings before interest, tax, depreciation and amortisation of £78 million last year. Gala Coral is reported to be considering a potential initial public offering next year. However, Gala Bingo has suffered…