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!

4mins ago someone from United States played The Lovely Outlaws

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    21
  • Members Online
    348
  • Guests
    1,987
Highest Community Rated Online Casinos
NextCasino
  (143 Ratings)
Bet365 Games
  (160 Ratings)
Cresus Casino
  (15 Ratings)
Unibet Casino
  (125 Ratings)
Betsson Casino
  (206 Ratings)
CasinoLuck
  (216 Ratings)
Spin Palace Casino
  (112 Ratings)
Redbet Casino
  (140 Ratings)
Mr Green Casino
  (274 Ratings)
Betsafe Casino
  (178 Ratings)
Slotty Vegas
  (103 Ratings)
32 Red Casino
  (295 Ratings)
Guts Casino
  (170 Ratings)
Winner Casino
  (332 Ratings)
Liberty Slots Casino
  (171 Ratings)
BitCasino.io
  (167 Ratings)
ComeOn Casino
  (233 Ratings)
Sin City Casino
  (94 Ratings)
Intertops Red Casino
  (120 Ratings)
Vera John Casino
  (169 Ratings)
BETAT Casino
  (188 Ratings)
Intertops Casino Classic
  (107 Ratings)
Casumo
  (130 Ratings)
Thrills Casino
  (126 Ratings)
Ladbrokes Casino
  (149 Ratings)
Royal Vegas Casino
  (130 Ratings)
Whitebet Casino
  (88 Ratings)
Jetbull Casino
  (101 Ratings)
Slotland
  (293 Ratings)
Vegas Red Casino
  (185 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus