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Buzz Bingo Plans to Acquire Major UK Bingo Clubs

UK Introduces New Stake Limits for Online Slots

Buzz Bingo Plans to Acquire Major UK Bingo Clubs

Buzz Bingo is currently in advanced talks to acquire two major bingo clubs in the UK from Merkur. These clubs have been highly popular, drawing in over 410,000 visitors in 2023. A spokesperson for Buzz Bingo stated, “We are thrilled about the opportunity to expand our footprint in the UK market.” The company prides itself on awarding £1 million in winnings each month and celebrating around 3,500 winners monthly. This potential acquisition marks a significant step in their growth strategy.

Expansion Strategy

This acquisition aligns with Buzz Bingo’s ongoing efforts to broaden its business reach. By adding these two clubs to its portfolio, the company aims to enhance its offerings and provide more value to its customers. “Our goal is to grow and offer even more to our players,” the spokesperson added. Buzz Bingo also holds a Guinness World Record for awarding the largest single bingo house prize ever, which amounted to £100,000. The specifics of the acquisition deal are still being finalized, but the company is optimistic about the benefits it will bring.

Impressive Financial Performance

In addition to expanding through acquisitions, Buzz Bingo has reported strong financial results. The company saw a 5% increase in retail revenue, a 31% surge in online revenue, and a 14% rise in EBITDA in 2023. To further strengthen its digital presence, Buzz Bingo has relocated its digital business. This move is aimed at improving online services and enhancing the customer experience. “We are committed to being a strong competitor in both the physical and digital bingo markets,” said the representative. By focusing on both areas, Buzz Bingo is positioning itself for continued success and growth in the industry.

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