“I would like to thank every single one of our colleagues for their continued understanding and commitment over this period.”īuzz Bingo was the last of the big bingo operators to announce reopening. “The restructure will, very sadly, impact a number of our colleagues and my priority is to support all those affected and keep them fully informed as we continue with this process. “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. It will need to secure approval from creditors at a meeting on the restructuring proposal on August 3.Ĭhris Matthews, chief executive of Buzz Bingo, said: “The ongoing pandemic has had far-reaching consequences for the entire leisure and hospitality sector and an immediate and significant impact on our business. The company said the move will be part of a Company Voluntary Arrangement (CVA) restructuring deal as it seeks to secure its long-term future.īuzz Bingo has stated that 91 of its clubs will continue to operate, with plans to start reopening the bingo halls from August 6. The move by Caledonia Investments who own Buzz Bingo is said to be a direct result of the coronavirus pandemic and lockdown. In a surprise announcement, Buzz Bingo, the UK's largest retail bingo operator is to close 26 bingo venues.

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