The Financial Times have a piece on the Rank Groups profits for last year, that sees the trend of losses continue. Rank chief executive Ian Burke mentions that 2008 will be a “challenging year” for business. As a part of their plan, the group has sold their pension plan to Goldman Sachs, which will free […]
Tag: www.meccabingo.com
Lost Bingo Halls And A New Bingo Hall History
I had an idea to do a new section of the site towards the end of last year, and got around to actually doing it this last week. This new section is called Lost Bingo Halls, and the idea is I will over time add new pages, dedicated to those halls that have closed down […]
Bingo News Round Up – Conversions, Sales And Taxes
Been a few interesting stories around the last week or so that I haven’t touched on, so I thought I’d just quickly mention them all in one go, headline style. First, news of the fate of two old halls, both of which have been closed for some time. Firstly, the Hayweights Bingo hall in Musselburgh, […]
New National Game Delivers The UK’s Biggest Ever Bingo Win
Near enough 4 months after it was first launched, the National Bingo Game’s million pound Big ‘N’ Prize has finally been won. Congratulations go out to Christine Bradfield from Bargoed at the Merthyr Tydfil Castle Bingo club who won herself her a massive £1.1 million prize. If you hadn’t noticed it already, The Big ‘N’ […]
Ladbrokes Out Of Rank Running
I just spotted news from the FT that Ladbrokes have decided against moving into the casino market in the UK, and will not be bidding on any of the 16 licenses for casinos that have come out of the failed super casino plan of the UK government. You might be wondering what this has to […]
Rank, Parlay And Virtue Fusion Takeover News
Well, lots of news the last week around the industry about potential takeovers. Firstly, the FT reports that the Rank Group have another party interested in them, the latest of recent months to declare a major interest in buying the UK group behind the Mecca Bingo chain. The Asia based Guoco currently only have a […]
Charles Clarke Turns Bingo Caller
More on the political movement to get VAT scrapped on Bingo revenues this weekend, as the former Home Secratery Charles Clarke has joined the cause. The Eastern Daily Press has a report on Charles’ photo-op when he turned Bingo caller at the All Saints Green Mecca Bingo in Norwich. Mr Clarke has promised to raise […]
Duke Chasing Rank
There’s been more movement in the chase for Mecca the last couple of weeks that I’ve yet to catch up with. Just before Christmas, the private equity group Duke Street Capital made an offer to buy Rank. Speculation about a take over at Rank continues, and Duke Street Capital join the list of parties associated […]
Malaysian Group Get 10% Share In Rank
News and speculation around Rank continues to grow as the Times reports on a secretive share buy out by the Malaysian group Genting. Genting already have a stake in a number of UK leisure businesses, and their 10% stake in Rank is considered to put them in a place to defend against a take over […]
£100,000 Bingo Win Dispute Settled
Last week I reported on the legal action around the 2nd £1,000,000 Mecca Millionaire prize, which is currently in dispute because of an argument over shares on the prize. The BBC has news of the resolution of a similar dispute, this time over a £100,000 National Bingo prize. The outcome of this case may well […]
