9th of December 2014 Author: Glo Wood
Contagious Gaming is to acquire all of the issued and outstanding securities of Chelbis Company Ltd for CAD$4,050,000 in addition to a two year earn-out consideration.
Chelbis is known for its online bingo operations including House of Bingo, Gone Bingo and Harrys Bingo and bingo networks Best Bingo Network, Super Bingo Network and Fun Bingo Network. They also support 14 white label bingo partner sites across their networks.
Peter Glancy, chief executive officer and director of Contagious Gaming said, "The Acquisition of Chelbis is expected to be materially accretive, diversifying our revenue streams, providing consistent cash flow and allowing us to capitalize on synergies which should ultimately increase margins and reduce costs. We look forward to completing the Acquisition of Chelbis and welcoming them as Contagious Gaming shareholders."
"We look forward to completing the acquisition and joining the Contagious Gaming team where we will be able to leverage our resources and create synergies to drive value for shareholders,' commented Madhu Avalur, chief executive officer for Chelbis.
Bingo Society News
19th of September 2012
13th of March 2012
14th of December 2018
13th of December 2018
19th of October 2018
16th of October 2018
7th of November 2018
14th of October 2018
17th of October 2018
15th of October 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2018
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!