Real Fun Group Ltd has solidified its position in the UK’s independent bingo sector through a strategic acquisition of 8 bingo clubs and their freeholds from Majestic Bingo Limited, marking a significant expansion and ensuring job security for over 130 employees.
In a successful move, Real Fun Group Ltd, already operating two independent bingo clubs, has acquired additional bingo clubs from Majestic Bingo Limited, which entered administration on July 7, 2023. The acquisition, led by experienced entrepreneurs, brings the total number of bingo clubs under Real Fun Group's umbrella to 10, further enhancing its footprint in the UK's bingo industry.
The joint administrators of Majestic Bingo Limited, Tim Bateson, and Chris Pole from Interpath, expressed their satisfaction with the positive outcome of the acquisition. Tim Bateson stated, “The successful acquisition by Real Fun Group not only preserves numerous jobs but also ensures continuity for the communities these clubs serve.”
Real Fun Group CEO, Kevin McGinnigle, conveyed his excitement about the venture, emphasizing the significance of preserving jobs and community connections.
He said, “I’m incredibly excited by this opportunity. This was a well-run business that was hit with devastating luck over the last few years, and I can’t wait to work with the team. To sit here today, knowing we’re able to keep so many people in work is an unbelievable feeling.”
McGinnigle, acknowledging the importance of bingo clubs in local communities, added, “Undoubtedly there is a lot of work ahead of us, and I’m confident we’ve got the right people within the business to make this a huge success for everyone concerned. Coming from a family of bingo players, I’m aware of the role that local bingo clubs play in their community, and to get the opportunity to keep these historic clubs open for our customers is just fantastic.”
With this acquisition, Real Fun Group Ltd strengthens its position as one of the UK’s largest independent bingo operators, employing nearly 200 staff across 10 bingo clubs nationwide.