Despite backing down from a float last summer, and a subsequent restructuring, Carlton Bingo is seeing a rise in profits. While this year’s profits didn’t match the £4 million necessary for the restructuring, parent group DeMure is optimistic, saying that Carlton’s value has increased by 35%.
When the float idea was rejected, Carlton secured £18m in funding from Lloyds TSB, which will be used in part to add two new bingo halls in Fife and Inverness. The two new halls will bring Carlton’s total bingo halls to 18, securing its position as the fourth largest bingo provider in the UK.
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