Calls from bingo petitioners for a financial boost to keep the game alive have been answered by the Chancellor.
George Osborn slashed the tax on bingo in half from 20 to ten per cent in the Budget.
Regent Bingo Club in Spalding, part of Majestic Bingo Clubs Ltd, is calling it an investment which “really has saved bingo”.
The cut comes following the ‘Boost Bingo Campaign’, which Majestic Bingo Clubs Ltd particpated in. They proposed cutting bingo tax in order to modernise centres.
Hundreds of bingo enthusiasts signed the petition, while MPs visited the clubs and supported the campaign in Westminster.
The company operates seven clubs in the UK providing entertainment for more than half a million visitors every year.
Mark Jepp, managing director, said they knew it would be a challenge when they bought the business.
He said: “The taxation put a lot of people off and not have confidence in the future of bingo.
“Now we can give something back to the community, modernising buildings and improving food and drink, parking and smoking facilities.”
He said the Budget announcement will save many bingo clubs on the brink of closure.