On 1st August a new tax was levied against bingo operators, one that meant many have chosen to drop their no deposit required bonuses and re-think their welcome bonus structure. The new tax sees operators charged 15% for all free bets / plays they offer to their customers.
Whilst many brands have opted to remove or reduce significantly their free play bonuses, Iceland Bingo appear to have been a bit more subtle. It may be that they were hoping players wouldn’t notice, or aren’t that interested. It’s our job to be interested on your behalf and we noticed a change when checking the bonuses at all sites we have listed.
The Changes At Iceland Bingo
The first change we noted was the cap on the bonus that will be awarded on your initial deposit with Iceland Bingo.
Although the actual cash match bonus hasn’t changed, it’s still 300% on your first deposit, the maximum amount of bonus you can be awarded has dropped significantly.
Previously the minimum deposit required to claim the bonus was £10 and you could receive a maximum of £150 in bonus funds. Now the minimum deposit required is just £5 but you can only get a maximum of £15 in bonus funds.
Higher Wagering Requirements At Iceland Bingo
On the old bonus offer for new players, the wagering requirements were just 4x the amount of deposit + bonus and whilst this remains the same for all other bonuses, for the 300% first deposit the wagering requirements have increased to 6x the deposit + bonus.
We understand that operators have to make changes to make allowances for the new tax, and we expected to see the removal of free play bonuses, but to increase wagering requirements does seem like they are palming some of the extra cost off to players, albeit indirectly.
Visit: Iceland Bingo