Majestic Bingo Goes Into Administration

This story was published more than 1 year ago.

UK bingo company Majestic Bingo has gone into administration in the UK due to poor financial performance coming after the Covid-19 pandemic.

The company operates eight different clubs throughout the countries of England and Wales and currently employs 143 people at the retail locations. The company had been profitable in the past, but was hit hard by the pandemic and has not been able to recover. Compounding on this was the fire at the Majestic Bingo location in the town of Spaulding, which never re-opened. Other factors, such as a large cost-of-living increase for punters have also negatively impacted the company.

Majestic's online bingo business operates independently under a different umbrella and is not subject to the administration case.

Interpath Advisory employees Tim Bateson and Chris Pole were appointed as joint administrators to oversee the case, and will oversee the company's operations while exploring a potential sale of the business and assets held by the group.

Regarding the case, Bateson said: "Majestic is one of the UK's most recognisable independent bingo operators. However, in recent years, it has seen trading adversely affected by the impact of lockdowns during the pandemic, as well as the cost-of-living crisis.

"We will continue to trade the business in the immediate term while we seek a buyer for the business. We would encourage any interested parties to make contact with us as soon as possible."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.