Carlton Bingo recently revealed its final account for the year to March 2023 and the good news is that turnover increased by over £3m and its pre-tax profit also rose from £1,320,801 to £5,653,235.
The firm has been owned by the Employee Ownership Trust since March 2022, and employs around 212 people across the operation with staff costs for the year coming in at £4,898,020 for the year.
That pre-tax profit is a significant increase from one of the smaller operators in the bingo space when compared to the likes of Mecca Bingo and Buzz Bingo. However, it does seem to support the notion that bingo as an entertainment is growing and evolving and can still attract the footfall of people with money to spend.
The big takeaway from the results report was that even though there has been the cost of living crisis and other calls on peoples wages and resulting disposable income “… spends have continued to rise during the period and year-on-year. Similarly, an increasing number of younger customers have joined as members and generally appear to have a particular wish to visit at weekends or during promotional sessions, focusing their enjoyment on main session bingo, food and beverage offerings.”
Long live bingo!