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Betfair chooses Chartwell

16 Oct 2006

CALGARY, Alberta – (PRESS RELEASE) --Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry is very pleased to announce a licensing agreement with UK based betting giant, Betfair. The agreement calls for Chartwell to design and fully integrate a unique casino and soft gaming section to complement Betfair's existing exchange betting platform. The games can be viewed at Betfaircasino.com.

Betfair was founded in June, 2000 and is the world's leading betting exchange, as well as being one of the most visited gaming sites globally, offering its products in 18 languages to a player base of more than 900,000 in 80 countries. Betfair handles over 5 million bets per day.

"Betfair is in a class of its own", states Darold H. Parken, President and CEO of Chartwell. "They have raised the bar of excellence with respect to their commitment to regulatory compliance, technological advancement and marketing focus in the online gaming industry, all of which have contributed to their tremendous success. We are both proud and honoured to team up with such an innovative and powerful gaming brand and look forward to a mutually beneficial relationship."

Steve Ives, Betfair's Director of Games said, "Chartwell has an excellent track record and offers robust as well as innovative technology. I am confident Chartwell will deliver a casino product in keeping with our unique requirements and brand values. We're looking forward to working with them."

In a separate agreement Betfair is working with Chartwell partner and managed service provider Elite Club Management (ECM) for IT management of the Betfair Casino system. ECM will provide Betfair with infrastructure maintenance, management, capacity planning and monitoring for the Betfair casino network.

"ECM continues to gain strength in all areas of its service and is happy to have been selected by Betfair to provide our knowledge and expertise to their online gaming initiatives" states VP of Sales and Marketing, Jason Swanson

 
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