Top Ten Bingo, the UK's third largest bingo club operator is said to be looking at closing further bingo clubs in the near future. An insider revealed that the company is looking at closing some of its further branches including the club at Wednesbury.

The Riva Bingo club in Streatham has been sold to Brian Fraser of FCM ltd from the Beacon group.  Bingo Supermarket reported last year that Brian Mattingley had acquired some bingo clubs after the former Mayfair and Riva group was restructured. 

Brian Mattingley last year took over ownership of the bingo club in Streatham along with Beacon Bingo clubs in Loughborough, Northampton and Cricklewood.  Brian Fraser stepped in to buy the Streatham bingo club which is a grade 2 listed building for an undisclosed fee over the last week.  Brian Fraser is no stranger to bingo as he owns a chain of UK bingo clubs in Scotland and Wlaes.

Mr Fraser owns this bingo club for a second time as he formerly operated the club as Mayfair bingo.  The Mayfair Group was sold to Riva Bingo and they continued to operate under the Mayfair brand a few years ago before being taken over by Brian Mattingley.  Mr Fraser continued to trade and set up FCM ltd and has since bought more bingo clubs and has brought home his mothership by completing the deal.

Other operators had expressed an interest in the club which has good trading figures under the current climate, however the overheads and responsibility that lies with the grade ii listed building concerned potential buyers.

Details on the sale are sketchy but check back to the Bingo Supermarket website when more news about the UK bingo club sales and closures will be reported in the next few days.

Representatives of Bingosupermarket attended the online bingo awards ceremony this evening.  Scott Logab of Bingoport, hosted the player choice awards with the winners as follows:

Partygaming, one of the worlds biggest online gaming companies, and owners of online bingo sites such as Foxy Bingo, Cheeky Bingo and Think Bingo confirmed that it is continuing in talks with other gaming companies "regarding potential consolidation opportunities". Since the statement on Friday the stock prices has rallied and has seen high levels interest with the price moving between 275p (prior to the announcemet) and 300p. Taking account that the money markets have seen a downward trend during this period as a result of the US President announcement of sanctions on the banking industry, the increase in the share price is somewhat unique.

Reuters have reported that the UK's largest bingo operator Gala Coral have sold some of their junior debt.  Gala Coral has been bogged down with billions of pounds in debt as it struggles to raise increased capital for further investment.  Banking sources close to Reuters have said Hedge funds have bought enough to get a seat on the board.

Bingo clubs in the UK generally finished the week on a high when the weather conditions improved and the bingo customers returned.  The fear for land based bingo operators was that players may have chosen to migrate to online bingo when they became housebound during the snow falls.

Next week will see the gaming industry including representatives from land based and online bingo industries get together and discuss the online gaming evironment. The igaming expo and the Annual Trade Exhibition international will begin on Tuesday and finishes Thursday which will then run into the London Affiliate Conference running from Friday until Sunday.

Online Bingo operators who are based offshore are to be faced with a new licensing regime.  Following a leaked document, the DCMS have now gone on record and confirmed the proposals for a new regime to govern overseas online gambling firms including online bingo.

Uk Bingo Club business levels are showing signs of normality in many parts of the country as the snow is disappearing.  Many bingo clubs have experienced record low admissions as customers fear the risk of injury during the slippery and icy weather conditions.

Take That star, Gary Barlow celebrated his tenth wedding anniversary with a game of bingo.  The boy band legend and his wife celebrated the milestone with the likes of Ashley and Cheryl Cole, Ronan Keating, Alesha Dixon and Lulu at Mandarin Oriental hotel in London.