There have been a number of Buzz Bingo halls closing recently, and it seems that the industry is struggling. The closures include both online and offline venues.
Online closures have included both the UK-based bingo site, Bingo Palace, and the US-based site, Play n Go. Offline closures have included the Athena Palace in Slough, Berkshire, as well as the Lighthouse Bingo and Casino in Hull, Yorkshire.
It seems that the closures are a result of high player losses combined with increasing competition from other forms of gambling. Some experts have suggested that the government’s recent decision to reduce the maximum stake limit for fixed-odds betting terminals may be a factor in the closures.
The closure of Buzz Bingo halls will undoubtedly impact players who have deposited money into these venues. If you are one of these players, it is important to contact your bank or financial institution to see if they are able to help you retrieve your funds.
