Nine Buzz Bingo clubs to close amid a “challenging operating environment”
Buzz Bingo has announced plans to close nine of its 91 clubs in the UK, due to what it calls an “ongoing and challenging operating environment.”
The operator says these closures will have an impact on 151 of the company’s 2,456 employees across the board, although it does state it is committed to supporting workers facing redundancy.
Buzz Bingo adds it has had to contend with a change in customer behaviour following the Covid-19 pandemic, as well as a loss of consumer confidence due to the ongoing cost of living crisis in the UK.
A fall in numbers, alongside higher energy and operational costs, has created a negative environment where nine of the clubs are now inviable.
Buzz Bingo CEO Dominic Mansour said: “In common with the entire leisure and hospitality sector, Buzz Bingo has failed to see customers return to the high street in the same numbers as before the pandemic.
“This, coupled with a squeeze on family finances brought about by rising inflation and energy prices alongside a jump in our own operating costs means we have no real option other than to cease trading in nine of our locations.
“Believe me, no one wants to make the call to close Clubs. However, I believe that it’s these decisions that will allow us to restructure the business for long-term growth and to protect the livelihoods of our colleagues in the long run.”
Mansour and the Buzz Bingo management team feel the closure of these clubs represents the best possible outcome for its stakeholders, and creates a path to long-term sustainability and growth.
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