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CHARTWELL WARNS ON COMPLETION OF BETFAIR SOFTWARE CONTRACT
Canadian provider confident that other business will help take up the slack
The Calgary, Canada-based online gambling software provider Chartwell Technology has issued a corporate update warning that its license agreement with giant operator Betfair will come to an end on August 31, 2010.
The update notes that Betfair has been a very significant Chartwell licensee for the past four years, but that new deals with Casinos Austria, Centrebet Ltd, and most recently Globet International Sports Betting Limited will take up some of the slack caused by the Betfair withdrawal.
"In addition to these new licensees Chartwell has numerous new sales opportunities in the pipeline and anticipates announcing several more new customers by year-end," the statement advises investors and interested parties. "The company is confident that current momentum of new business expected this year should allow us to replace the revenue lost from Betfair," the statement noted.
Betfair announced early in June that it would be switching to Playtech poker, casino and bingo products.
"We have enjoyed a very good relationship with Betfair and what we have learned through that association will certainly benefit us going forward", Darold H. Parken, CEO of Chartwell Technology Inc. said this week. "We wish them continued success and we have every intention of working with them again in the future should the opportunity arise."
"Chartwell has been a very good business partner to Betfair", stated Steve Ives, managing director of Betfair Games. "This was a difficult decision for us as we hold Chartwell, its products and its people in very high regard."
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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