After going through a shaky financial period last April, Buckingham Bingo’s parent company, Full House Holdings, posted a pre-tax loss of £88.7 million for the year, reports Crain’s Manchester Business.
The operator of 12 bingo clubs has blamed the 2007 smoking ban and changes to gaming laws for its deterioration. A spokesperson from the company said its online business, Bucky Bingo, has made a positive impact.
According to The Telegraph, accounts filed by Full House Holdings show that it could likely breach its negotiated debt, cash flow and interest cover covenants.