Buckingham Bingo Troubles - Old News Archive
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Posted On: Sunday, 23 March, 2008
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.
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