“Majestic is one of the UK’s most recognisable independent bingo operators, but in recent years has seen trading adversely affected by the impact of lockdowns during the COVID-19 pandemic, as well as the cost-of-living crisis. Tim Bateson, director at Interpath Advisory and joint administrator, said: It is understood that, in total, 143 jobs are at risk. Interpath Advisory, which has been appointed to handle the administration, has said that said they would continue to trade the venues as a going concern whilst they explored options for a sale of the business and its assets. The independent bingo chain has, over recent years, seen its number of bingo venues halve, as first, the COVID lockdowns and then the cost of living crisis decimated the once profitable UK bingo business. The squeeze on UK bingo which has seen around 30% of all British bingo halls close since 2019, continued this week, with the sad news that Majestic Bingo, who operates eight bingo halls in the UK, has called in the administrators.
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