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Buzz Bingo to Restructure Retail Portfolio
Buzz Bingo today announces a proposal to restructure its retail estate through the implementation of a company voluntary arrangement (‘CVA’). This follows a period of productive consultation with Buzz Bingo’s various stakeholders, including its landlords, aimed at securing a sustainable long-term future for the business following the outbreak of Covid-19 and resultant lockdown.
Under the proposed terms of the CVA, while the majority of clubs (91) will continue to trade, 26 clubs will close permanently due to what the company expects will be an unsustainable operating environment for the foreseeable future.
Across the rest of the portfolio, Buzz Bingo has been engaged in constructive dialogue with landlords to better align the rents of certain clubs relative to forecast trading. Regrettably, the proposed CVA will potentially impact 573 of Buzz’s c.3400 colleagues across the business, whom Buzz Bingo is committed to supporting at this difficult time.
The challenges facing businesses at this unprecedented time of lockdown due to COVID-19 are well understood. Like many others in the leisure and entertainment sector, Buzz Bingo was forced to close all its clubs across the UK, which have remained closed since Saturday 21 March. It put immediate measures in place: minimising costs where possible, reducing senior management pay and making use of the Government’s furlough scheme for the vast majority of employees.
Despite this, Buzz Bingo’s daily operations and its ability to generate revenues from its retail club portfolio has been severely impacted.
While Buzz Bingo intends to commence the reopening of its clubs from 6 August, it expects that it will take time for footfall to return to pre Covid-19 levels due to social distancing measures and customer confidence to socialise indoors taking time to rebuild, particularly among Buzz Bingo’s customer group.
The management believe the proposed CVA provides the best possible outcome for all of Buzz Bingo’s stakeholders as it looks to secure a sustainable long-term future for the business and its remaining c.2800 employees.
Buzz Bingo’s owner, Caledonia Investments, has indicated its willingness to provide an additional £22m of equity capital (in addition to the £5m that it invested in Buzz Bingo in May, 2020) once the CVA becomes effective. The new equity capital will be augmented with an additional £10m of debt provided by Buzz Bingo’s existing lender.
Chris Matthews, Chief Executive, Buzz Bingo commented:
“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.”
Melanie Leech, Chief Executive, British Property Federation (BPF) comments:
“These situations are never easy, particularly now for the retail, hospitality and leisure businesses on our high streets at the sharp end of the Covid-19 pandemic. Property owners, however, need to take into consideration the impact on their investors, including the millions of people whose savings and pensions are invested in commercial property, as they vote on any CVA proposal.
Buzz Group and AlixPartners engaged with the BPF before launching this CVA proposal. This has provided us an opportunity to improve understanding of property owners’ interests and concerns, but ultimately it will be for individual property owners to decide how they will vote on the CVA.”
Buzz Bingo will seek creditor approval of the CVA Proposal which is due on 3rd August. The online business will continue to trade as usual during this period.
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Playzia Partners with Big Time Gaming to Integrate Megaways™ Mechanic into Upcoming Releases

Playzia, a fast-growing game provider to the iGaming industry, has announced a strategic partnership with Big Time Gaming to incorporate the renowned Megaways™ mechanic into a series upcoming game titles. The collaboration aims to enhance Playzia’s diverse portfolio, aligned with its mission to offer dynamic and player-centric game experiences.
The Megaways™ mechanic introduces a dynamic reel modifier system that alters the number of symbols on each reel with every spin, creating a vast array of potential paylines and significantly increasing win opportunities. This innovation has revolutionized the slot gaming landscape, providing players with unpredictable and thrilling gameplay.
Under the agreement, Playzia will integrate the Megaways™ mechanic into a series of forthcoming releases, starting with T-Rex Treasure Hunt. T-Rex Treasure Hunt, Playzia’s upcoming Megaways™ slot, promises an immersive and action-packed gaming experience, featuring up to 117,649 ways to win on every spin. Players will enjoy the Tumble mechanic, where winning symbols disappear and new ones cascade in, increasing the chance for consecutive wins. The Free Spins feature, triggered by landing four or more dinosaur fossil scatters, comes with a progressive multiplier that increases with each tumble, offering limitless win potential. Adding to the excitement, the Bonus Dino Fight feature introduces a thrilling dinosaur battle with multipliers for even bigger rewards. With animated symbols, a dynamic betting panel, an auto-spin option, and a transparent randomization algorithm ensuring fair play, T-Rex Treasure Hunt delivers an engaging and rewarding slot experience.
Vlad Modorcea, Chief Product Officer at Playzia, expressed enthusiasm about the partnership:
“Megaways has been a cornerstone of slot gaming since Bonanza Megaways, captivating millions of players worldwide. We are honored to join this exclusive club and are committed to delivering a top-tier gaming experience with our first Megaways release, T-Rex Treasure Hunt. Featuring cascading reels, up to 117,649 ways to win, and a massive max win of 10,000x, this game is designed for thrill-seekers and high rollers alike. Any spin can trigger the exciting Dino Fight feature, where iconic dinosaurs battle it out for even bigger rewards.”
Nik Robinson, CEO at Big Time Gaming, commented:
“The Megaways™ mechanic has proven to be a hit with players globally, and we are pleased that this latest agreement with Playzia will allow for even more innovative and original ideas to be added to the much-loved mechanic.”
This collaboration marks a significant milestone for Playzia as it continues to expand its game offerings, ensuring that players can enjoy a variety of high-quality, engaging titles that leverage the best in iGaming innovation.
Playzia is set to unveil an exciting lineup of new games in 2025, with three titles scheduled for release each month. Players can look forward to a variety of innovative features, including unique trademarked mechanics and diverse game types such as crash, table, instant, and probability games. The addition of thrilling jackpots and tournaments is set to elevate the gaming experience, offering new levels of excitement and rewards.
In addition to this, Playzia has recently announced its partnership with ITV Studios to develop a series of ten ‘Love Island’-themed games over the next three years. The first three titles are slated for release in 2025, bringing the excitement of the popular reality show to the online gaming world.
The post Playzia Partners with Big Time Gaming to Integrate Megaways™ Mechanic into Upcoming Releases appeared first on European Gaming Industry News.
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BC.GAME Launches Pioneering Solana Airdrop with 400 Million $BC Tokens

BC.GAME has launched an airdrop in the Solana ecosystem. The platform distributed 400 million $BC tokens, further expanding its presence in the blockchain space. BC.GAME was the first to airdrop tokens to Pump.fun users, offering them an opportunity to receive rewards ahead of other platforms.
Since its launch in January 2024, Pump.fun has rapidly become one of Solana’s major meme coin creation and trading platforms. Meanwhile, an official airdrop has yet to be announced by Pump.fun, BC.GAME is stepping in with a larger, earlier airdrop plan to get ahead of the game.
A snapshot was taken of all Pump.fun addresses that completed at least 10 transactions between January 31, 2024, and February 13, 2025. These addresses were then ranked based on their absolute profit or loss during this period. The top 100,000 addresses were eligible to receive the airdrop, with rewards distributed as follows:
Top 1000 users: 30,000 $BC each
Ranks 1001 – 2000: 25,000 $BC each
Ranks 2001 – 10,000: 10,000 $BC each
Ranks 10,001 – 50,000: 4000 $BC each
Ranks 50,001 – 100,000: 2100 $BC each
In total, 400 million $BC tokens were distributed among 100,000 users.
BC.GAME’s airdrop was designed to prioritize fairness and transparency. By offering a “Provably Fair” distribution, with clear rules and publicly available addresses, the initiative ensured a fully transparent process.
The post BC.GAME Launches Pioneering Solana Airdrop with 400 Million $BC Tokens appeared first on European Gaming Industry News.
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VipStake Launches as Leading VIP Casino Platform with 24/7 Personalised Support

VipStake, the newest and most advanced platform for VIP casino players, is officially launching to redefine the way high rollers engage with online gaming.
VipStake is not just another casino comparison site, it’s a premium hub for high-stakes players seeking the ultimate VIP experience. Designed to connect elite players with the most exclusive VIP casino programmes, VipStake provides expert reviews, in-depth insights and direct access to top-tier loyalty perks.
Features of VipStake
• Exclusive VIP Bonuses: High-rollers get tailored deposit bonuses, enhanced cashback and exclusive rewards, maximising winnings with premium incentives.
• Fast & High-Limit Withdrawals: Enjoy high withdrawal limits and priority payouts, ensuring quick and secure access to the funds without delays.
• Private VIP Events & Tournaments: Access invite-only poker, blackjack and slot tournaments, plus luxury travel, elite networking and premium casino experiences.
• 24/7 VIP Concierge Service: Get round-the-clock personalised support for exclusive perks, priority withdrawals, tailored bonuses and high-stakes gaming recommendations.
VipStake takes VIP gaming to the next level, ensuring high rollers get premium treatment, unbeatable benefits and an elite gaming atmosphere.
“We created VipStake to elevate the VIP casino experience to new heights. Our platform provides high-stakes players with the insights, tools, and exclusive access they need to maximize their gaming experience,” Paul Buianov, CEO of VipStake, said.
The post VipStake Launches as Leading VIP Casino Platform with 24/7 Personalised Support appeared first on European Gaming Industry News.
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