Rosy Bingo, a UK based online bingo site, became insolvent in early 2016. As a result, the company was forced to auction off its assets.
The winner of the auction was the private equity firm Apollo Global Management. This is a controversial decision as many players of Rosy Bingo feel that the company should have been nationalized.
There are several reasons why players believe that Rosy Bingo should have been nationalized. Firstly, the company has been in decline for several years and it is unclear how Apollo Global Management will be able to turn it around.
Secondly, players feel that the company is emblematic of the UK gambling industry which is in decline. Finally, many players feel that the company should have been given to the British public as it is an important part of British culture.
Despite these objections, it is likely that Apollo Global Management will be able to turn around Rosy Bingo and make it a successful business. Although the company has been sold to a private equity firm, this does not mean that it will be turned into a casino or gambling site.
It is likely that Apollo Global Management will invest money into Rosy Bingo and turn it into a successful online bingo site.
