Company

Led by experienced entrepreneurs Kevin McGinnigle and David Gallimore, Real Fun Group operates 11 traditional bingo clubs across England and Wales and was established in 2023 to acquire and operate leading leisure assets Witnall Automatics and Majestic Bingo.

Funding Requirement

The Lowestoft bingo hall was still trading prior to the acquisition and was in a strong position to act quickly when the opportunity arose, having the necessary finance in place to secure the site and reopen immediately to avoid losing additional revenue.

Finance Solution

Key to the finance deal being completed was the trust and confidence Real Fun Group has built with Reward as a funding partner. The funding deal followed an initial seven figure facility provided by Reward last year, to enable the acquisition of the Majestic Bingo estate – an initial step in the group’s strategic vision to bring back the fun to the UK bingo experience. This move secured the group with the relevant licenses, allowing it to trade across the eight Bingo venues acquired out of administration in December 2023.

Gareth Boardman, Client Relationship Manager for Reward Funding, said: “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.”

Results

Real Fun Group was able to utilise the working capital not only to grow its online presence in the gaming industry but also to expand its portfolio of UK venues by purchasing a new bingo hall in Suffolk.

Client Testimonial

“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.

“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.”

Kevin McGinnigle, Founder of Real Fun Group