Intermediate Capital Group buys out Buzz Bingo network in UK

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In the UK, the Buzz Bingo bingo game network was taken over by Intermediate Capital Group. She was sold a controlling stake in this entertainment by Caledonia Investments. She failed in the management of these assets in 2020 due to the anti-coronavirus restrictions introduced in the country. The amount of the deal, which allowed Intermediate Capital Group to take control of about a hundred bingo halls, is nominal, the gambling media have specified. At the same time, as it became known, during the COVID-19 pandemic, Caledonia Investments attracted money from two commercial structures – the aforementioned Intermediate Capital Group and the financial giant Barclays to maintain the work of the halls. Intermediate Capital Group is a global management company. Represents the interests of its partners in private and public markets. It has offices in 13 countries around the world. As a reminder, bingo games from the Pragmatic Play developer will be available to customers of the BetVictor bookmaker. Earlier it became known that in the UK, after tightening the rules for the gambling industry, TV channels only show ads for bingo and bookmakers. As reported, the authorities of Foggy Albion warned gambling operator Gala Interactive for advertising a bingo project that misleads viewers.

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