Physical Bingo Halls in UK Suffer Financial Distraught
11/06/08 06:32 Filed in: Bingo News
British gaming news has recently seen a drastically increased focus on the uncertain future of land-based bingo halls with every day bringing seemingly worse events. Several factors have contributed to this time of crisis and the combination of so many different drawbacks is quickly making the continuation of physical bingo halls a poor financial decision for many owners.
The withdrawal of Gala Bingo from the National Game and the continuation of strict smoking bans have meant that physical bingo halls may quickly find themselves becoming things of the past. Combined with this, business owners have reported that double-taxation laws and the requisite cutback of £500 jackpot machines have significantly hurt their profits.
As the Guardian reported hundreds of bingo clubs closing up over the past few years it also illustrated the social impact which have resulted from this. Over three million Brits frequent bingo halls but even with such a dedicated support base the lack of profits is becoming too much for club owners to compensate for.
As online bingo sites continue to fare well many players may find that the closure of physical halls is quickly coming to represent a potent sign of a dying time. The example set by Gala Bingo is only one which shows that the cost of maintaining a real contribution to the land-based community may be unwise for a company which could divert its funds into an equitable website offering.
The withdrawal of Gala Bingo from the National Game and the continuation of strict smoking bans have meant that physical bingo halls may quickly find themselves becoming things of the past. Combined with this, business owners have reported that double-taxation laws and the requisite cutback of £500 jackpot machines have significantly hurt their profits.
As the Guardian reported hundreds of bingo clubs closing up over the past few years it also illustrated the social impact which have resulted from this. Over three million Brits frequent bingo halls but even with such a dedicated support base the lack of profits is becoming too much for club owners to compensate for.
As online bingo sites continue to fare well many players may find that the closure of physical halls is quickly coming to represent a potent sign of a dying time. The example set by Gala Bingo is only one which shows that the cost of maintaining a real contribution to the land-based community may be unwise for a company which could divert its funds into an equitable website offering.
