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CHARTWELL REPORTS ITS FIRST UK LICENSED ONLINE CASINO

The online gambling software provider Chartwell Technology reports that Extrabet, a wholly owned subsidiary of IG Group Holdings plc, has launched the first UK Gambling Commission licensed online casino powered by Chartwell.
 
London-based IG Group Holdings plc is a FTSE 250 company with global operations generating revenues in excess of $200 million. Formed in 1974, group is the holding company of IG Index plc and Extrabet Limited which operate online and telephone spread betting and fixed odds betting businesses in Britain. 

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IG Index plc is regulated by the Financial Services Authority in Britain, the Australian Securities and Investments Commission and most recently the UK Gambling Commission.
 
The IG Sport casino will be launched and marketed through Extrabet.com.
 
In order to fulfil IG Index’s requirements and commitment to regulatory provisions, Chartwell’s gaming system underwent a thorough certification process by the UK regulatory authority. This included both corporate and software certification to ensure maximum security and reporting functionality necessary for Chartwell to receive certification by the Gambling Commission.
 
“This event marks a significant milestone for Chartwell, the IG Group, and online gaming regulation as a whole”, said Darold H. Parken, President and CEO of Chartwell.
 
“Delivering the software solution to power the UK’s first licensed online gaming site elevates our company and technology to the next level and I am proud of every member of our team for achieving this industry first. I would also like to complement the efforts of the IG Group, their pursuit of growth built on technology while conducting business within an extensive regulatory framework clearly defines this organisation”.
 
“We’re delighted to add Chartwell’s casino to our on-line sports betting portfolio,” said head of IG Sport, Stuart Lane. “While we’re continuing to see growth with both fixed-odds and sports spread betting, we also recognise the appetite for other modes of on-line gaming and thus the benefits of increasing the offerings on our sports platforms. With the addition of the on-line casino we are now a step nearer to our long term goal in bringing both Extrabet and IG Sport customers everything they require on one betting site.”

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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