Buzz Bingo set to close 26 United Kingdom bingo halls, hundreds to lose employment_1
This week, Buzz Bingo announced its plan to close bingo halls in the United Kingdom. The company has been hit hard by the COVID-19 pandemic, with as many as 573 employment positions affected. The venue will use a company voluntary arrangement to start a rescue restructure to be able to leave the unwanted properties and stop paying rent.
Details of the Closure:
Caledonia Investments is the owner of the bingo company. They have plans to use £22m in extra money as part of the restructuring deal. The lenders of the firm will pro…