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Sunday, March 23, 2008

Buckingham Bingo Troubles

Buckingham Bingo are one of the UK's smaller Bingo chains, with 11 clubs. They were taken over by Alchemy Partners back in 2005, when the marketplace was a lot rosier. The Financial Times has an article on the private equity firms current problems with the Bingo company. Their main creditor has issued them a stark decision in regards to Buckingham Bingo, either inject more capital or write off around £60million of equity investment and let the bank take over the chain.

Posted at 11:09 PM |

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