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www.leisureopportunities.co.uk ‘Social ping pong club’ to launch
Bounce, a social club mixing a late-night setting with table tennis, is to open in central London later this year. Te £2.5m venue – designed
by Russell Sage – has been built on site where the game of table tennis was originally invented by John Jaques III. Te 12,500sq ſt (1,161sq m)
space will feature a raised res- taurant seating up to 130, and overlooking the playing area with 17 table tennis tables. A 40ft (12m) bar around
the playing area also forms part of the club, which is the brainchild of entrepreneur and table tennis player Dov Penzik and the co- founder of All Star Lanes, Adam Breeden. Te duo teamed up with Joe Jaques - grand- son of John Jaques III, to bring the concept to
Te new concept will combine table tennis with an hospitality element
life. Joe, who continues to run the family firm, is a partner in the venture supplying the club with its oak table tennis tables. Details:
http://lei.sr?a=T6u8G
Novus Leisure acquired in management buy out
Private equity firms LGV Capital and Hutton Collins Partners have backed the management buy out of Novus Leisure – operator of the Balls Brothers and Tiger Tiger brands. Te pair have invested in Novus Leisure in a deal worth £100m, which will see existing
non-executive chair John Kelly and CEO Steve Richards remain with the company. LGV and Hutton Collins will support an
expansion of Novus’ London portfolio, as well as entering cities such as Bristol and Leeds. Read more:
http://lei.sr?a=y3y4w
MPs call for gambling laws overhaul
The Commons Culture, Media and Sport Committee has called for the reduction in cen- tralised gambling regulation, with more power to be handed to local authorities. It follows an examination of the Gambling
Act 2005, which the committee’s report has said “resulted in numerous inconsistencies and is not sufficiently evidence based”. High street betting shops and casinos are
currently allowed to house up to four B2 gam- ing machines – offering stakes up to £100 and prizes worth up to £500. However, the report revealed casinos should
be allowed to house 20 B2-type machines and said limiting the number in betting shops has led to “clusters” in some high streets. Committee chair John Whittingdale said:
“Te reluctantly permissive tone of legislation over the last 50 years now looks outdated.
24 Te report calls for a decentralisation of regulations “Our general approach in this report has
therefore been to support liberalisation of rules and delegation of decisions to those closest to the communities that will be affected.” Details:
http://lei.sr?a=H2o6x
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