Listen to this article:The Staffordshire-based gaming operator has announced that it has successfully negotiated a six-figure funding package. The deal between Real Fun Group and Reward Funding will enable the business to expand its UK bingo portfolio with the acquisition of a new venue in Lowestoft, Suffolk.
The newly acquired site will be purchased from Merkur Bingo. It will boost the group’s presence in the national leisure market and add to its collection of traditional bingo clubs across England and Wales.
Founded in 2023 by entrepreneurs Kevin McGinnigle and David Gallimore, Real Fun Group was created to acquire and operate the leisure assets Witnall Automatics and Majestic Bingo. The company now runs 11 bingo clubs and is dedicated to its mission to rejuvenate the UK’s bingo and entertainment scene, so that people can have more fun options outside bingo sites.
The latest deal comes after an earlier seven-figure package provided by Reward last year, which was used to support the purchase of the Majestic Bingo estate. That transaction included eight venues that were bought out of administration in December 2023, and provided Real Fun Group with the infrastructure and licences to speed up its growth.
Kevin McGinnigle, the founder of Real Fun Group, said:
“Reward’s ongoing support has been instrumental in helping us scale quickly and seize strategic market opportunities.”
“From day one, they have taken the time to understand our business, our model, and the potential of the leisure and entertainment market.”
“Key to the finance deal being completed was the trust and confidence Real Fun Group has built with Reward as a funding partner.”
“The Lowestoft bingo hall was still trading prior to the acquisition, and this established relationship meant that it was in a strong position to act quickly when the opportunity arose and have the finance in place to secure the site and reopen immediately to avoid losing additional revenue.”
“After the successful acquisition of the Majestic estate, it made perfect sense to return to Reward for this next phase because we have found a lender we trust and one that has been a true partner in our journey so far.”
Gareth Boardman, the client relationship manager at Reward Funding, added:
“Real Fun Group is a prime example of the kind of entrepreneurial business we are proud to support.”
“From their first acquisition to this latest deal, Kevin and David have shown a clear vision for the company.”
“As a long-term client, they demonstrate how our tailored approach to funding continues to meet the needs of growing businesses across the UK.”
The acquisition of the bingo club in Lowestoft has ensured that the local community can continue to enjoy bingo on a daily basis. The club is now known as Apollo Bingo Lowestoft, and it offers its visitors food, drink, gaming machines, and, of course, plenty of bingo sessions.
There is a Free Link Game at 11am every day, and this is followed by a Cashpot game at 12pm, an early afternoon session at 1pm, and then the main afternoon session at 1:30pm. In the evening, the Cashpot game takes place at 6:15pm, the early session is at 6:50pm, the main session is at 7:30pm, and then the late session is at 9:15pm.
With so much going on, the deal between Real Fun Group and Reward Funding is sure to be well-received by local bingo players, as it will allow them to enjoy quality gaming for years to come.
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