Sunday, September 27, 2020

Tag: Caledonia Investments

Lockdown takes its toll on Buzz Bingo as 26 clubs close in CVA arrangement

Buzz Bingo CVA
It was the kind of news no-one wanted nor expected, but Covid-19 claimed another victim from the industry this week as Buzz Bingo, considered in the prime of its health pre-coronavirus, found itself in the grip of a CVA.

First Buzz Bingo sites launch

The first wave of Buzz Bingo venues has started with the Clactonon- Sea branch celebrating its celebratory opening on 30 June. The company, led by CEO Chris Matthews and backed by Caledonia Investments, stated its hope that the relaunch will...

Gala Leisure is to relaunch all Gala Bingo clubs as Buzz Bingo with £40 million investment plan

Gala Bingo
Gala Leisure, owners of the UK’s biggest chain of bingo clubs, which currently trade under the licensed name, Gala Bingo, has relaunched as Buzz Bingo. The re-launch comes with a surge of investment, rolling out in five clubs initially, with investment to all clubs following in the months after. The team at Buzz Bingo, lead by Chris Matthews, CEO, and...

Gala Bingo updates IT infrastructure and customer devices

Coinslot - Gala Bingo IT infastructure
As the importance of a strong and secure IT infrastructure became apparent last week, Gala Bingo has been undergoing a technological transformation, updating its IT framework as well as replacing its customer-facing systems.   Gala Bingo’s club IT director has been leading the firm through a technological transformation project, aiming to revamp infrastructure and utilise new innovations. The bingo operator is conducting...

Park Holidays UK to be sold to Tiger Bidco for £362m

Park Holidays UK is to be sold for £362m, after owners Caledonia Investments agreed a deal with Tiger Bidco. Caledonia, which purchased Gala Bingo in October 2015, has been the parent company of Park Holidays UK since acquiring it for £172m in 2013. The holiday park operator is the third largest in the country, with 26 venues across the South of...

Post-Brexit success the motive for cancellation of Park Holidays sale?

Coinslot Park Holidays Caravan
Caledonia Investments has cancelled the £250m sale of caravan park operator Park Holidays following June’s Brexit vote. Park Holidays is Britain’s fourth largest caravan operator, boasting 25 holiday parks in the South of England. Its performance has been buoyed by the rise in staycations, with earnings rising to £35m this year. When the sale was announced in March the mooted £250m...