Praesepe has invested £500,000 in refurbishing its Beacon Cricklewood in the UK, Europe’s largest bingo club.
The refurbishment programme at the 2,200-capacity venue included the installation of 1,254 new positions for mechanised cash bingo, new table surfaces and cash boxes.
The decision to upgrade the facility was prompted by the government’s recent decision to cut the rate of gross profits tax on bingo to 10 per cent.
"This is an unequivocal and ringing endorsement of Chancellor George Osborne's decision to deliver the bingo industry its biggest prize for decades,” said Nick Harding, CEO of Praesepe. “As soon as the reduction in bingo GPT was confirmed we were able to push the button on what is only stage one of a long-term programme which will allow us to continually fine-tune our offer at the club.
“The initial programme has provided important business for our suppliers and their staff, it has helped us to improve the offering to our customers, which, in turn, will enhance our trading position and lead to further employment prospects in an area which suffers from unemployment levels which are above the London average."
