Betfair is warned by Chartwell contract ends soon


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."

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

3mins ago someone from Mauritius Mauritius played Crown Jewels

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    24
  • Members Online
    303
  • Guests
    2,002
  • New Posts
    164

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
NextCasino
  (83 Ratings)
Jackpot Party
  (32 Ratings)
Bet365 Games
  (97 Ratings)
CasinoLuck
  (142 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (95 Ratings)
Intertops Casino Classic
  (50 Ratings)
Spin Palace Casino
  (69 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (140 Ratings)
Betsafe Casino
  (101 Ratings)
Unibet Casino
  (74 Ratings)
Thrills Casino
  (68 Ratings)
Mr Green Casino
  (196 Ratings)
32 Red Casino
  (159 Ratings)
Jackpot Capital
  (84 Ratings)
Vera John Casino
  (114 Ratings)
Casino Saga
  (52 Ratings)
BETAT Casino
  (107 Ratings)
3Dice Casino
  (138 Ratings)
Sin City Casino
  (50 Ratings)
Redbet Casino
  (69 Ratings)
Winner Casino
  (268 Ratings)
Virgin Games
  (37 Ratings)
River Nile Casino
  (60 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (108 Ratings)
Casino Royale24
  (114 Ratings)
Casumo
  (64 Ratings)