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This week, Buzz Bingo announced its plan to close bingo halls in the United Kingdom.Following shutdowns due to the pandemic, the US’s number two gambling state, Pennsylvania, has been slammed, with casino revenue plummeting 18 percent. And while online sports betting retained its operational status, the cancellation of sporting events during the COVID-19 pandemic saw the vertical hobbled....
The company has been hit hard by the COVID-19 pandemic, with as many as 573 employment positions affected. And while last year it was 1st in tax revenue from casino gambling, the PGCB estimates the state’s take will dip from the last fiscal year’s .Details of the Closure:Caledonia Investments is the owner of the bingo company....
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The venue will use a company voluntary arrangement to start a rescue restructure to be able to leave the unwanted properties and stop paying rent. However, as mentioned, online gambling and sports betting added a combined 3-plus million to the tally in the very first full year for both in Pennsylvania casinos. Situated in the Westmoreland Mall, the venue is expected to open before Thanksgiving and will reportedly include 750 slot machines and 30 table games, a full-service sportsbook, and a variety of dining options....
