Buzz Bingo announce CVA plans to protect its future

15 July 2020

This news comes as part of a coronavirus crisis rescue deal for the group.

Buzz Group, the UK’s largest retail bingo operator by club numbers ahead of Mecca, said it had been forced to make ‘’difficult decisions’’ since its estate was placed into lockdown when the pandemic first hit.

Chris Matthews, CEO told members that the permanent closures would be a part of a company voluntary arrangement restructuring deal to ‘’protect the future of Buzz Bingo’’.

The following sites are listed to be shut down:

  • Antelope Park (Southampton)
  • Banbury
  • Boston
  • Bournemouth
  • Bridlington
  • Carlisle
  • Chathnam
  • Chorley
  • Cramlington
  • Debry Foresters
  • Edinburgh Westerhailes
  • Harpurhey
  • Hereford
  • Kilmarnock
  • Milton Keynes
  • Oxford Kassam
  • Stockland Green
  • Salford
  • Sailsbury
  • Tamworth
  • Wednesbury
  • Weymouth
  • Wigan Robin Park
  • Wolverhampton
  • Worcester
  • Wythenshawe

573 jobs are at risk from the above listed 26 permanent bingo hall closures.

Buzz, which also has an online operation, said its other 91 clubs would continue to trade. Reopenings are planned to begin at 12 sites from 6 August.

Matthews stated: "The ongoing pandemic has had far-reaching consequences for the entire leisure and hospitality sector and an immediate and significant impact on our business. Following a thorough review of our options, the proposed CVA will restructure our retail portfolio to ensure we are well positioned for a return to growth, while adapting to the ongoing, challenging environment as we start to reopen the majority of our clubs."

Categories: CVA

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