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Online Bingo News

Biggest Bingo Company Bucky Bingo Faces Closure (30/09/2010)

Biggest Bingo Company Bucky Bingo Faces Closure
posted by:
anonymous
HEART BINGO

The future of one of the norths biggest bingo chains is in serious doubt. According to latest reports "Buckingham Bingo" who has halls all around the north of the uk is proberly going up for sale in the nearest future. In 2008 a massive debt was settled with barclays bank in exchange for a controlling stake in the business (bit like dragons den really!) Buckinging Bingos ownerd Alchemy Partners who also own Bucky Bingo are now thinking about all sorts of options and have even gone to some finance specialists to see how much they can get for the company. Alchemy Partners only bought the bingo business in 2006, for a hefty £90 mill! now its thought its only worth a small chunk of that, making them seriously out of pocket! There has been many factors leading up to this including the recent gross profit tax, replacing bingo duty. And due to a hard hitting recession many folks just havent been able to afford there favorite game, online or not.

Its really sad that 350 workers across 11 sites will potentially be losing there job, and the online site closed down. Bingo is a joyous game with amazing prizes, its a shame another company bringing us this joy is going down the financial pan too :(

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Player Comments

Dan2618
30th Sep 2010
awww shame
anonymous
30th Sep 2010
It IS a shame but it's a sign of things to come I suspect. The online market is now saturated and many players are losing faith in the system ... personally I don't put anything LIKE the amount I used to put on because I'm 99% sure I'll lose ... it's the same with all my online bingo playing buddies. One particular friend of mine used to put hundreds on a month but even she has reigned it right in to about tuppence a week.
anonymous
30th Sep 2010
shame x x
rosienanny
30th Sep 2010
its so sad i hope the find a solution soon
riddler10
30th Sep 2010
Yes agree,is a shame ,feel same as Bobby though,i'm fast losing faith in online bingo,i've reigned in my depositing over last few months:(
anonymous
30th Sep 2010
shame xx
tickleikkle
30th Sep 2010
shame that is
anonymous
4th Oct 2010
thats a shame
julian1
15th Oct 2010
must just be a north as in manchester north as im in the NE and have never heard of the bingo hall operator
correy01
4th Nov 2010
i like this one
anonymous
16th Jan 2011
gl

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