In a shock announcement late last night Chelbis announced that it entered into a sale agreement with a company called Contagious Gaming. The Chelbis group of bingo sites comprises of some well-known UK Bingo sites including the likes of Gone Bingo and Harry’s Bingo.
In addition to the above Chelbis bingo sites also include House of Bingo and other bingo networks of which the most well-known is the Best Bingo Network.
On the face of it this will not mean much for UK Bingo players. Chelbis Bingo sites are well-known for employing a high bingo bonus large wagering bingo strategy which limits bingo players ability to cash out.
Chelbis Bingo Games
Bingo players at Chelbis Bingo network seem to prefer to play low stakes bingo games and keep playing. This does not mean that the Chelbis Bingo network is a bad place to play.
On the contrary.Chelbis Bingo boasted the very first Mobile Bingo product in the UK. Gone Bingo launched a Mobile Bingo product way ahead of any of its rivals in the bingo software market.
Chelbis remains one of the most innovative of the major bingo brands.Since the announcement of the Point of Consumption Tax that commenced on the 1st of December 2014.
UK Bingo sites have consolidated with a lot of UK Bingo rooms either shutting down operations or moving to friendlier tax jurisdictions.
Even though Chelbis is a Maltese based company, the new tax which imposes a 15% tax on all bingo net revenue will still bite into company profits as it is based on where a player is located and not where Bingo companies reside for tax purposes.
This does seem to be the case with Chelbis as 99% of players at Chelbis bingo sites come from the UK. The reason for the sale will probably never be known and is more than likely to be a case of a good offer made.