14.4 C
Manchester
Wednesday, April 29, 2026
Home Blog Page 230

Mayor Andy Burnham hails Town Centre Challenge progress to revitalise high street on visit to Farnworth

TRANSFORMATION of Farnworth into a liveable town centre could be the blueprint for the future of the high street, Greater Manchester Mayor Andy Burnham has said.

The Mayor made the comments during a visit to see progress at Farnworth Green near Bolton. Social impact developers Capital&Centric recently started work there to deliver a mix of new apartments and family townhouses alongside café bars, shops and green community spaces.

It’s one of the locations identified in the Greater Manchester Mayor’s Town Centre Challenge – aimed at revitalising town centres after the growth of internet shopping and large out-of-town retailers squeezed areas traditionally reliant on high street footfall.

Farnworth Green, the reboot of Farnworth, is aimed at creating a new town centre model. Capital&Centric’s plans will introduce high quality homes for rent to get more people calling it home, as well welcoming green community spaces where people can hang out.

It will also feature commercial spaces aimed at independents and start-ups, with a view to create a high street offer unique to Farnworth rather than a replica of others. It’s hoped that the major project could be a blueprint for how other centres across Greater Manchester and the UK can reverse their fortunes.

Mayor of Greater Manchester, Andy Burnham, said:

“Our town centres have so much potential to be transformed, and to become new places for communities to live, do business, and discover the vibrant and diverse culture of our city-region.

“That potential isn’t always realised, which is why we launched the Town Centre Challenge back in 2018, and why we continue to support our local authorities to deliver on their regeneration plans.

“It really is exciting to see the progress being made here in Farnworth, and it’s our hope that this can become a blueprint for revitalising high streets across Greater Manchester”

Delivery of such projects is often fraught with challenges due to viability. Including high quality architecture akin to a city centre can be difficult due to lower values.

Farnworth’s inclusion as a Town Centre Challenge location, with an associated masterplan for its future, was key to unlocking the necessary funding. It’s been made possible thanks to a mix of funding including the Government’s Future High Street Fund, the Greater Manchester Combined Authority’s Brownfield Housing Fund and Bolton Council’s District Centres Fund.

Tim Heatley, co-founder of Capital&Centric, said:

“Town centres have, for decades, been the heart of the community. But changing habits have meant the traditional high street has become a shadow of its former self, especially in towns like Farnworth where there’s less footfall. We can’t just write them off as a victim of the internet generation.

“Our mission has always been not only to create a new blueprint – of a town centre where a new generation of people want to live as well as shop – but to also deliver high quality architectural design that you’re used to seeing in city centres. That way we can create a lively place where people young and old aspire to live and a critical mass of people that will patronise the independent shops, café bars and events.

“It’s a new model that we really think could be replicated around the country, with the right partnership and forward-thinking authorities like in Bolton and Greater Manchester.”

Bolton Council adopted a new Town Centre Strategy for Farnworth in 2019, with regeneration to be delivered in phases.

Work has already begun at the Farnworth Green site, with demolition of the dated parade of shops underway, making way for construction to start in the new year. The project is set for completion in 2024.

Bolton Council Leader, Cllr Martyn Cox, said:

“As a council, we established the District Centres Fund to help regenerate towns like Farnworth and make them more vibrant and exciting places to live, work and visit.

“Farnworth Green is a great example of a modern town centre development, and it was a pleasure to visit the site with Andy Burnham to view the progress that has already been made.

“This is an exciting time for Farnworth with improved public space along Market Street and work also underway to expand the local leisure centre.

“Before work started, we consulted with Farnworth residents and each of the development projects is designed to directly address the priorities of the local community.”

When complete, Farnworth Green will deliver liveable town centre, with spaces that help foster the community coming together, including:

  • Design-led homes: Including 85 one and two bedroom apartments as well as 12 family homes (two and three bedroom) to create a real mix of residents calling Farnworth home
  • Commercial: Over 20,000 sq.ft of space for bars, cafes and independent stores
  • Community hub: A groundfloor community hub, providing a space to meet-up
  • A new public square: Complete with green spaces and places to relax
  • Outdoor community spots: Including an events pavilion, set to support outdoor community events from art and live music to makers markets
  • Greenery: Lush landscaping to introduce greenery to the town centre
  • Accessibility: Pedestrian links through the community and safe cycle storage

WestBridge backs Alpine Fire Engineers in secondary buyout

PRIVATE equity firm WestBridge has completed a secondary buyout of Alpine Fire Engineers Ltd, specialist providers of mechanical fire suppression systems.

The transaction provides an exit for Soho Square Capital and sees WestBridge invest £18.7m to take a majority stake in the company. It also marks the tenth investment from WestBridge Fund II.

Founded in 1992 and headquartered in Greater Manchester, Alpine design, project manage and maintain complex fixed fire suppression systems across the UK. With industry-leading accreditations, the company operates in a wide range of industries including logistics, food and beverage, automotive, aerospace, manufacturing, pharmaceuticals and retail. Turnover in financial year ending 31 March 2022 was £38m.

The buyout was led by Alpine’s management team, Steve Nanda (CEO), Mark Jones (CFO), Louise Plant (service and business development director), Rob Brennan (proposals director) and Mark Thewlis (operations director), who have all been instrumental in driving the company’s growth over the last few years.

The WestBridge transaction team comprised Peter Barkley, James MacLeay, Rory Whitrow and James Wakefield. Peter Barkley, director at WestBridge, said:

“Alpine is very attractive business with an ambitious, credible and experienced management team. It operates in a niche market where growth is being driven by increasing regulatory requirements. Working with Steve and his team, we have also identified other significant opportunities for growth which include diversification into new sectors and strategic bolt-ons. We will work in partnership with management to deploy our Value Creation Model. As head of our Manchester office, I’m delighted that we’ve identified and backed another successful and ambitious north west business.”

Steven Nanda, who led the MBO, said:

“Although we received several approaches from trade buyers, we were keen to continue with a private equity partner. WestBridge stood out for a number of reasons. They recognised the effort we have put into establishing strong foundations on which to grow and also appreciated how hard everyone at Alpine has worked to nurture strong customer relationships. We were particularly impressed with the WestBridge Value Creation Model, which provides a blueprint for rigorously identifying improvements and growth opportunities in all areas of the business. We are genuinely excited to be entering 2023 with WestBridge at our side. We would like to take this opportunity to thank Soho Square Capital, and in particular David Steel and Howard Chan, for their invaluable support since we partnered with them in 2018.”

Banyan Software acquires two leading UK and European companies in Q4 2022

Acquisitionsof Element34 and Clockwork ITfollow theintroductionof adedicated UKandEuropean M&A team, led byNorth West-baseddirector

Leading global operator and long-term software investor Banyan Software announced on Wednesdayits first two deals following the company’srecent investment in a dedicated and locally based UK and European team.

Banyan, which is based in the US andfocuses onacquiring, building and growingsuccessfulenterprise software businesses,has acquired specialist software providersElement34,headquartered in Lachen, Switzerland,andClockwork IT,based in Coventry.

Element34’s flagship product, SBOX, allows enterprises to test the functionality of their web and mobile applications across multiple browsers and mobile devices at scale.

Customers includegovernmentorganisations, global brand owners andseveral leading European banks and insurance companies.

Michael Palotas, co-founder of Element34, said:“We are delighted to be announcing this acquisition with Banyan, who we see as the ideal partner for Element34’s future success. Their unique ‘buy and hold for life’ strategy enables them to take a long-term view in order to maximise the potential for thecompany.Their team’s expertise in scaling B2B software businesses globally was evident from the outset and we’re truly excited to be working with them in the coming years.”

The Element34 acquisition followsthe acquisition ofClockwork IT,bringingthe Banyan UK and European headcount to roughly 100 full-time employees.

Founded in 2003, Clockwork IT delivers field service management software that helps maximise theefficiency and productivity of thousands of remote workers across theUK.

Their core platform, Total CTRL, includes dynamic scheduling tools, mobile app connectivity, an integrated CRM system and automated billing capabilities.

Steve Adams, founder of Clockwork IT, said:“It was paramount for me to find the right partner to support and drive Clockwork’s long-term success. We’re delighted to have found that in Banyan. The valuable insights and expertise that the team can bring is already clear to us, and we’re excited to be involved with the next chapterofClockwork’s growth.”

Given the strong pipeline of enterprise software businesses throughout the UK and Europe, Banyan— one of North America’s fastestgrowing private companiesand ranked 10thin Deloitte’s 2021 Technology Fast 500 —is accelerating plans tofurther expandits M&A team.

UKandEuropean M&Adirectorat Banyan Software, said:“It was clear to us that there is a wealth of opportunity to partner with leading B2B software businesses in the UK and Europe, whichled Banyan to invest in a dedicated team on the ground earlier this year.

“Now, having closed two acquisitions within weeks of each other, this is a testament to the value that our locallybased investment team can bring. We’re delighted to welcome Element34 and Clockwork IT to the Banyangroup, and we’re excited to build on our acquisition strategy in 2023.”

incspaces secures substantial lease in Manchester’s Albert Estate

Innovative flexible space provider, incspaces, is set to join the dynamic community of businesses occupying The Albert Estate in Manchester in 2023. The firm has agreed a lease of 10,901 sq ft of space at 2 Mount Street from property investment firm Kinrise.

Since acquiring the site in 2015, Kinrise has been working to restore the collection of four iconic properties set around Albert Square in central Manchester; 2 Mount Street, Northern Assurance Buildings, Victoria Buildings and 1 Central Street. This family of buildings has since undergone a complete transformation, now home to approximately 92,000 sq ft of office, retail and leisure.

Set across five floors, the new occupants of 2 Mount Street will enjoy 24-hour use of expertly designed private offices and coworking desks, as well as contemporary meeting rooms, and a top floor event space with breathtaking views of the city. The building is also conveniently located near a tram stop, and within walking distance of Manchester Piccadilly and Victoria train station.

Considered by many to be both the geographical and social heart of the city, Kinrise has worked to restore the beauty of the original building with an emphasis on design quality, flexible use of space and state of the art technology. The spaces have been designed with the goal of creating a beautiful environment and fun place to work for people who are passionate about Manchester’s heritage and committed to something new, innovative, sustainable and community-minded.

Jack Mason, Group CEO of incspaces comments; “Following on from the success of our sell-out King William Street building in London, which we launched earlier this year, I’m thrilled to see the incspaces team launch their latest location in such a prominent part of this amazing city. Overlooking Manchester Town Hall, No.2 Mount Street will be brought alive by incspaces.

Myself and the team are honoured to join the community on Albert Square, which will see festivals and events throughout the year. This new building will soon become a destination for visionary businesses who want to be part of Manchester’s dynamic history, and also the future when the Town Hall reopens in 2024”.

Kinrise Founder, George Aberdeen comments; “Built in 1872 and designed to complement Manchester Town Hall, we’re delighted this fabulous Grade II* listed building is now home to incspaces. We are pleased to see they have already signed tenants to once again bring this iconic and beautiful building back alive”.

A place to experience the true spirit of Manchester, this is an exciting time for the transformation of the area and the creation of more community-minded co-working spaces in the city centre.

WIGAN GALLERIES REDEVELOPMENT SECURES £2.6 MILLION HNIP FUNDING

Cityheart, working in partnership with its client, Wigan Council, has secured a £2.6m funding grant from the Heat Networks Investment Project (‘HNIP’) to put towards a bespoke energy solution – the first of its kind in the country – as part of the £135 million Galleries redevelopment in Wigan town centre.

The Galleries redevelopment project will include a new basement and energy centre, which will help serve the proposed development set to comprise 464 new homes across seven new residential towers; a new 140-bedroom hotel; cinema, and a market hall building with a food court. A new pavilion building with a bar and restaurant will also be built alongside these, including a retirement living unit as well as an associated public realm and new square for event hosting. The entire scheme will be underpinned by ambient heating loops now made possible by the HNIP grant.

The new development will utilise a mix of technologies but at its core will be Ground Source Heat Pumps, which are expected to deliver over 2,500 tonnes of carbon emission savings per year, replacing current outdated and energy consuming systems. The system will transfer heat from the ground in order to heat these new buildings and provide a consistent supply of hot water.

Warren Taylor, Director of Cityheart, comments on the successful bid: “This complex, innovative energy network is one of the first of its kind to be implemented on this scale in the country and crucially, it provides both Wigan Council and the local borough with its critical first step on the road to becoming a sustainable, carbon neutral town. Together with our professional team, we have designed a bespoke energy solution that will provide the Galleries site with a private wire network and ambient heat loop to self-generate and distribute heat and power, paving the way to the de-carbonisation of the completed development. By creating this future proof solution for the scheme, we are helping Wigan Council achieve its decarbonisation targets and most importantly, dramatically reducing energy costs for our tenants.”

Councillor David Molyneaux MBE, leader of Wigan Council, adds: “In July 2019, Wigan Council launched its Climate Change Strategy, demonstrating our commitment to building a greener and more sustainable borough. The Galleries redevelopment has been designed with these principles at its heart and this funding will help us to realise these ambitions while reducing the environmental impact.”

This grant was one of the last to be awarded before the scheme closed. It has now been replaced with the Green Heat Network Fund (‘GHNF’).

5 top tips on how to kickstart your clothing brand, by an expert

  • The clothing industry is a vast and innovative one, and it can be difficult to stand out in such a rapidly growing market.
  • Research demonstrates that the fashion industry contributes almost £20 billion to the UK economy.
  • Expert X shares their top tips on how to effectively kickstart your clothing brand.

 

Creating a standout clothing company in a fast paced and growing industry can be challenging. However, if successful, your brand can become a household name.

Building solid and effective foundations can be pivotal when beginning your journey, which is why X has partnered with BoD to share their top tips on how to kickstart your clothing brand.

 

#1 Create a plan

It may sound simple but having a plan with some solid milestones is an essential part of starting out. X says;

“Outlining what it is that you want to achieve is the first and arguably most important step. The questions you need to be asking yourself include ‘who are my target audience?’, ‘how much is this going to cost me?’ and ‘what is a realistic timeframe for this project?’. These are tough questions that may not have an immediate answer, but it must be the first place you start!”

“Set some goals which are realistic and attainable. Identify some obstacles that you may encounter along the way and find solutions to these problems before they have even occurred.”

 

#2 Check out competitors

Knowing what is already out there is helpful when beginning a new clothing company. X says;

“Take some time to explore what is already out there. What is working, and more importantly, what is not working. Learn from other examples and do not repeat the same mistakes that others have made. Finding a gap when examining competitors is a key part of the process. Take business tips from an array of success stories and bring the ones that align with your plans into your operation”

 

#3 What makes you different

As already established the market is incredibly crowded. X comments;

“Knowing what makes your company different from competitors is really important. This then needs to be reflected in your brand’s messaging when starting out and emphasised throughout everything you do. Having a unique standpoint in the industry will shine a light on your clothing brand.”

 

#4 Brand name and logo

A crucial component in any brand’s journey. X says,

“Picking a brand name and logo is an exciting part of the journey, this is a huge part of what makes your company unique. Ensure that the name represents your brand and its ethos! Whilst other parts of your plan may change and develop along the way, your values will stay consistent and will be associated with your brand’s name and aesthetic.”

 

#5 Marketing and brand awareness

Effectively creating a presence through marketing can make or break your brand. Social media is a powerful tool, and can be your best friend when used efficiently friend. X says,

“Customers are loyal, and individuals enjoy discovering new brands. Create a marketing strategy that will help build brand awareness and form a community. This can be done through various means; ensure you have a strong website and utilise social media to gain a following and reach your target audience. Even if your company is predominantly physical, the digital space possesses unlimited opportunities and is there to be maximised.”

Kickstarting a new clothing brand can feel overwhelming, there are various components that need to be thought about. That being said, you need to start somewhere. Using these tips to build strong foundations will help your clothing brand turn into the success you have envisioned.

QNET Is Not a Scam, Says Journalist Who Investigated QNET

0

Journalist Kenneth Awotwe Darko traveled to Malaysia to better understand direct selling company QNET’s business model. Darko works for a news team in Ghana and felt motivated to make the trip when the first news they heard about the direct selling company was negative. Darko wanted to know ifQNET was a scam or schemeof some sort. “Some individuals were accused of taking money from others with the promise of helping them travel outside of Africa,” stated Darko.

Darko decided to research QNET to separate fact from fiction. “The further I dug, the more I realized that the 24-year-old company has good intentions and an interesting business model, but the actions of some individuals who may or may not fully understand the brand’s line of business are causing some misconceptions about the company,” Darko explained.

The direct selling company works diligently to set the record straight about its legitimacy. While it’s often mistaken for a scam or pyramid scheme, the truth is that it’s an entirely legal direct seller. It pays commissions only on product sales. CEO Malou Caluza said, “The challenge is the lack of awareness and the lack of a legal framework to help the public differentiate between the genuine companies and the pyramid schemes.”

However, it’s not a get-rich-quick scheme. Caluza said, “We have always maintained that the direct selling company is not for those looking for overnight success. This is evident in the success stories we share. Every one of the top leaders that our network looks up to today started with nothing and built their businesses slowly but steadily. It took them years to get to where they are today. They are our best ambassadors for the message that success at the company takes hard work and consistent effort over a period of time.”

The company proactively tackles lies and false allegations. Biram Fall is the regional manager for sub-Saharan Africa. He stated that the direct selling company “is making frantic efforts to ensure its reputation is not soiled. We keep implementing measures to help the general public and our stakeholders understand our business model and the fact that we are not a get-rich-quick or Ponzi scheme, we are not a travel agency. We do not condone illegal gathering, migration, or unethical marketing practices.

Fall continued, “We are aware that some individuals use the company’s name for unethical marketing practices. We are in collaboration with some governmental agencies in markets where we operate to identify and clamp down on these people and their negative activities. If any independent representative is found to be culpable in a case of unethical marketing, they are punished or terminated from the company’s record. And in some cases, they are handed over to security agencies for the law to take its course.”

The direct selling company recently launched its 360-marketing initiative called the Mama Campaign, which aims to help people differentiate between the legitimate direct selling business and the actions of fraudulent individuals.

Caluza said, “While direct selling is more than a century old, in many emerging economies, it is still in very early stages and hence, not properly understood. Many people assume it is some type of financial or investment scheme, and they are wary of it. To address this, the company focuses on education and awareness through social media campaigns, stakeholder engagement, training and events, and seminars to help people understand the positive impact of direct selling. We also educate them about the difference between legitimate direct selling businesses and illegal pyramid schemes.”

Exploring QNET in Malaysia and Attending the Company’s Convention

Darko traveled to the company’s office in Kuala Lumpur, Malaysia, in an effort to establish the truth about the enterprise. “One of the first observations I made was the fact that in this part of the world [Africa], a lot of people do not understand the concept of direct selling, and sadly, they are often unable to distinguish it from a Ponzi scheme, multilevel marketing, and the sorts,” explained Darko.

During the visit, Darko stated, “I saw firsthand the towering building where its operations take place on a daily basis. I saw some of the products and had interactions with key officers of the company as they explained in detail the features of the products and key truths about QNET’s business model.”

At the company’s annual global V-Malaysia 2022 conference, Darko said, “I was in the same arena as more than 15,000 independent representatives and officers of the company. It was electrifying and a sight to behold. I listened to seminars and presentations by many leaders of the company, including its founders, and I visited the exhibition booths, where I saw, touched, felt, and experienced the company’s wide array of products. I saw independent representatives from different corners of the world testifying about their experiences and the achievements they made, both in small and big leaps.”

How Darko Determined the Direct Selling Company Is Not a Scam

“The first realization I had from my five-day sojourn was that unlike Ponzi orget-rich-quick schemesthat usually last for a short time and disappear, QNET has actually been in existence for 24 years and growing stronger. I got to know that it is one of Asia’s leading e-commerce-based direct selling companies offering a wide range of health, wellness, and lifestyle products that enable people to lead better lives,” stated Darko.

“I realized that the company is empowering millions of entrepreneurs and young people in more than 100 countries worldwide. I also got to know that it is headquartered in Hong Kong and has a presence in more than 25 countries around the world through subsidiaries, branch offices, agency partnerships, and franchisees.”

Darko discovered that the company is law-abiding and highly socially responsible. “I realized that QNET adheres to international best practices and that it is a member of the Direct Selling Association in several countries and is also a part of the Hong Kong Health Food Association and the Health Supplements Industry Association of Singapore, among others,” said Darko. “I saw pictures and evidence of the plethora of life-changing interventions and projects the company is implementing across the world, including Africa.”

After investigating the direct selling company in person, Darko concluded that it’s theopposite of a scamor scheme. “I am convinced that with the current economic situation in the world and especially in Africa, a lot of people need multiple streams of income to be able to stay afloat. Direct selling offers a wonderful opportunity for anyone to buy products, use them or refer [them] to other people and earn commission on the purchases they make,” explained Darko. “A lot of people have changed their lives for the better by simply taking up the opportunities offered by QNET and the direct selling industry.”

Best Places to visit near Manchester in a motorhome

0

Being in a motorhome means having the flexibility to travel around the country, stopping off wherever you want to, with everything you need in your vehicle. The good news, it is now easy to hire or rent a motorhome in Manchester and tour the surrounding area or even further afield.

With the increased risk of foreign travel, more providers are now providing campervan rental from depots at Manchester Airport and downtown Manchester. For good deals on campervan hire Manchester, try out RVRentACampervan who offer a choice between Touring Cars and Easicampers. Both these suppliers provide an extensive range of Manchester campervan rental options.

One of the gemstones of the UK is Manchester, famous for being the first industrialised city in the world, with the first working canal in 1761 and world first railway line in 1830. It also at one point had the best football team in the Premier League, has given us some of the best music from the likes of Oasis, Morrissey and more recently Aitch and Bugzy Malone. It is also one of those brilliant destinations that has the buzz of a city in one part of it, but then also has the surroundings of the countryside. This makes it an ideal spot for any motorhome occupant, whether part of the younger or older generation. See below some of my top picks:

The Peak District

One of the UK’s biggest and most beautiful nature reserves, the Peak District can be a hit with the active person of your group or those who want a cosy chilled country weekend. It has breath taking hiking or walking trails where you can Instagram huge valleys, glassy lakes, snowy mountain tops on the horizon and stone villages frozen in time. You can even take a cable car up to The Heights of Abraham to see some of the longest views of Britain. In some of these lakes you can also for the more active person find water sports such as sailing, canoeing, kayaking, paddle boarding and even wild swimming. For the more relaxed and chilled vibe, you can explore the many picturesque villages with many stone cottages and massive stately homes to wander, all generally offering local produce and providing hearty meals to rest and refuel from.

The best place to park your motorhome for the weekend when visiting is Castledon Caravan and Motorhome site, rated 4.8 out of 5 on TripAdvisor.

Morecambe Bay

Fancy going to the beach and seeing an unforgettable sunset? This is the place for you. The huge sandy bay covering 310 square kilometres is also an important wildlife spot boasting a top avid bird watching spot and has become renowned for its flat fishing of plaice and cockles. Don’t let that stop you from taking a dip into the sea though, but keep your eye out depending on where you dip as in Morecambe Bay there are recorded sighting of bottlenose dolphins and grey seals.

The best place to park your motorhome for the weekend when visiting is Sunnyside Camping and Caravan site, rated 4.6 out of 5 on TripAdvisor.

City of Manchester

Don’t forget to visit the main city centre itself! A rival to London because it has something for everyone! Avid football fan? You could visit Old Trafford for Manchester United fans or Etihad Stadium for Manchester City fans. Want some culture? Visit the iconic building known as the Manchester Cathedral where you can join in on seasonal sing songs or visit the Jodrell Bank Observatory to see the stars at night. Famed for its nightlife and buzzing music scene because it can cater to anyone, from those interested in new and upcoming, to iconic rock bands, jazz bands or even classical music spots, the city has some of the widest array of concert halls, pop-up venues and warehouses for music. Some of the liveliest bars that are always talked about is Night & Day for the rock or indie fans, One Eight Six that is tucked away behind a mirrored door underneath a barber shop hosting Jazz evenings, Albert Schloss for your drag queens and pop music, YES which has a range of genres covered from live DJ’s to rock music & even Bunny Jacksons which is also famous for its food boasting the cheapest plate in town with 20p wings!

The best place to park your motorhome for the weekend when visiting is Hawthorne Caravan and Camp Site, rated 4.5 out of 5 on TripAdvisor.

With excellent road links to all these spots above and brilliant campsites to park up at the North West can offer you one amazing adventure to remember!

Gaming Establishments That Have Gone Bankrupt

0

Casinos are a risky business. The house always wins, and the odds are stacked against you. But there is some good news for casino lovers out there: Casinos don’t go bankrupt very often. In fact, the number of casinos that have gone bankrupt has been steadily declining over the past decade. That being said, some casinos do go under every year—and they’re not always small operations either. So here’s our list of bankrupt casinos that were once famous but couldn’t keep up with the competition.

List of Bankrupt Casinos

There are many reasons why a casino might go bankrupt. Whether we’re talking of online casinos or retail venues, there’s always a chance that things will go south. The same applies to fully regulated casinos and casinos not on Gamstop. No matter the case, the reasons are always the same. Most often, they include:

  • Being in the wrong place at the wrong time – A casino that is located in a town or city with too much competition may find itself unable to attract customers. In these cases, bankruptcy is often the only option for survival. Sometimes, it allows the brand to stay open as an online establishment after going through the bankruptcy process.
  • Poor business decisions. – Bad management decisions made by top executives, such as spending too much money on marketing or expanding into countries where their brand isn’t well known (such as China). Bad business practices also contribute heavily to bankruptcy because they can cause revenue streams to dry up quickly. That leaves casinos without enough money coming in.
  • Poor customer focus. – Modern casino players are on every corner. While establishing a retail casino is a great decision, it is necessary to launch an online casino that’s compatible with mobile devices. While it requires a higher initial investment, it helps the company stay afloat.
  • Choosing reliable game partners. – From the moment it starts operating, a casino brand needs to establish collaboration with reliable partners.
  • Not following the latest trends. – Take the increasing popularity of crypto, for example, casinos that don’t accept these payment methods are losing modern customers.

Casinos that have gone bankrupt have all made some of the abovementioned mistakes. Let’s go over the list to see some of the most famous casinos that went bankrupt.

Atlantic Club Casino Hotel

Atlantic Club Casino Hotel was a casino in Atlantic City, New Jersey, United States. It was located on the Boardwalk, opposite the Showboat Casino. The casino opened in 1980 and closed in 2014. Despite being present for a long time, its bad business decisions have led to its closing.

Revel Oceans Resort & Casino

Opened in April of 2012, Revel Oceans Resort & Casino was the largest casino to ever go bankrupt. The casino was built for $2.4 billion and closed its doors after just two years in business, leaving behind $1.3 billion in debt. The casino was sold for $90 million in 2015 and reopened under a new name: TEN, or “The Entertainment Complex”. It’s a prime example of the percentage of casinos that go bankrupt due to poor business management. If you’re wondering do big casinos go bankrupt often, the answer is yes and no. While many casinos can go bankrupt, it doesn’t happen often with big names.

Aladdin Casino

Aladdin Casino, located on the Las Vegas Strip in Paradise, Nevada, closed its doors in August 2004. It was a hotel and casino owned by Boyd Gaming Corporation. The Aladdin opened in 1966 and was one of the first casinos built on the strip after McCarran airport opened. The hotel contained 1,711 rooms that were spread across three towers as well as an outdoor pool and spa facilities. The casino contained over 2,200 slots and 160 table games, including blackjack and roulette tables.

Sahara Las Vegas

Sahara was opened in 1952 as the first casino on what would become known as the Las Vegas Strip. It was built by legendary Chicago gangster Tony Cornero and featured a hotel, casino, restaurants, and bars. The property went bankrupt in 2011 after being taken over by its parent company, SBE Incorporated (formerly known as Starwood Hotels & Resorts). The Sahara Hotel & Casino closed its doors for good on August 27th of that year after a long and storied history on the strip.

How Often Do Casinos Go Bankrupt

It’s hard to determine how often do casinos go bankrupt. The marketplace with online casinos is much more dynamic nowadays. Many people think casinos are safe bets—you know, because the house always wins. But the reality is that casinos go bankrupt every year. In some years, more than one casino has gone belly up. In fact, out of all businesses in America (and there were more than two million active businesses at the time), casinos were among those with the highest failure rate.

How Many Casinos Go Bankrupt Every Year

Knowing how many casinos go bankrupt in a year is important, but there are two ways to look at it. First, it’s a small number. In fact, most people don’t realize how many casinos exist in America – there are over 150 operating casinos in Nevada alone.

Second, even if a casino does close its doors for good, that doesn’t mean the game stops being played, and people can’t still gamble safely online (or at another nearby establishment). That’s why answering the question of how many casinos go bankrupt each year is challenging. There are too many fluctuations in the modern market. Especially when you consider how much the industry is growing.

Therefore, to answer the question of how many casinos have gone bankrupt, it’s safe to say that the number is in the hundreds, if not thousands of brands.

How Many Trump Casinos Went Bankrupt

Trump is no stranger to the bankruptcy process. In fact, his businesses have gone bankrupt a total of six times since 1991. Here’s a rundown of the casinos and properties that went bust under his leadership:

  • Trump Taj Mahal (1991)
  • Trump Plaza Hotel & Casino (1992)
  • Trump’s Castle (1992)
  • Trump World’s Fair (1992)
  • Trump Marina (2005)

Conclusion

If you’re thinking about going to a casino, it is important to do your research first. You don’t want to waste any time or money on a place that might go bankrupt. If you do want to gamble, there are plenty of other options out there besides these bankrupt casinos. Simply do your research online, and you can easily find reliable brands with a long history of stable growth. That way, you’ll know that you’re gambling with a brand that can pay out all your winnings, no matter how high they are.

MANCHESTER TECH COMPANY HITS BILLION POUND MILESTONE

Manchester based IT specialist, Sync, has announced a strong end to 2022 as it reaches £1 billion worth of Apple sales over the course of six years in its latest impressive milestone.

Sync is an Apple Authorised Reseller, located in the heart of Manchester. As well as its Deansgate consumer store, Sync has supported the integration of technology into schools and businesses across the UK for over 30 years, offering continued support to end users – helping them get the most out of their tech.

The announcement of the £1 billion milestone comes after a number of recent framework wins for the IT specialists, such as recently winning a spot on the Crescent Purchasing Consortium (CPC) Framework, worth up to £2.8m.

Chris Costello, CEO at Sync commented: ‘It’s fantastic to see the hard work of the Sync team over the years be recognised after reaching such an incredible milestone. We are so proud to have been given the opportunity to support so many organisations throughout the last three decades, and we plan to continue along this track for many more years to come.

‘This announcement is a testament to the expertise and dedication of our teams who work all over the country to help schools and businesses realise the power of Apple technology.’

Alongside supporting businesses small and large by providing various IT solutions and Apple products, Sync has also supported more than 7,000 Schools and Multi Academy Trusts. The work Sync does is instrumental in providing accessible options for students requiring additional support, enhancing many students’ learning experience, as well as their autonomy both in the classroom and at home.

Head of Operations, Scott Bordoni, added: ‘We’re thankful to have been able to support consumers, enterprise customers and so many schools in the application of technology throughout the past 30 years and are thrilled to have reached such an important milestone.

‘We look forward to continuing the important work we’re doing to implement tech solutions across the education system, as well as into the workplace for many businesses.’

To find out more about the support services and IT training Sync can offer, get in touch here: https://www.wearesync.co.uk/contact/.