Burnley Buzz Bingo will not close under firm's coronavirus survival plans

Burnley's Buzz Bingo will remain open despite the firm today announcing plans to close 26 sites and cut 570 jobs across the country.
Buzz Bingo operate a club in Centenary Way, Burnley.Buzz Bingo operate a club in Centenary Way, Burnley.
Buzz Bingo operate a club in Centenary Way, Burnley.

Buzz Group said it was left with no other option than to restructure its portfolio after struggling to cope with the impact of the Covid-19 lockdown.

Under the proposed terms of the company voluntary arrangement, a total of 91 clubs will continue to trade – including Burnley's Centenary Way site – while 26 will close permanently due to what the company expects will be an unsustainable operating environment for the foreseeable future.

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Chief executive Chris Matthews said: "The ongoing pandemic has had far-reaching consequences for the entire leisure and hospitality sector and an immediate and significant impact on our business.

"Following a thorough review of our options, the proposed CVA will restructure our retail portfolio to ensure we are well positioned for a return to growth, while adapting to the ongoing, challenging environment as we start to reopen the majority of our clubs.

"Our lenders are supporting our plans and our owners, Caledonia will be investing into the new structure to further strengthen our future business.

"The restructure will, very sadly, impact a number of our colleagues and my priority is to support all those affected and keep them fully informed as we continue with this process.

"I would like to thank every single one of our colleagues for their continued understanding and commitment over this period.”

The firm intends to begin reopening its clubs from August 6th.

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