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!

1mins ago someone from Russian Federation read Omni Slots review

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

Totals

  • New Members
    34
  • Members Online
    375
  • Guests
    1,472
Highest Community Rated Online Casinos
Guts Casino
  (261 Ratings)
32 Red Casino
  (502 Ratings)
Club USA Casino
  (370 Ratings)
Mr Green Casino
  (367 Ratings)
Buzzluck Casino
  (239 Ratings)
Lucky Red Casino
  (286 Ratings)
Videoslots.com
  (232 Ratings)
Bet365 Games
  (240 Ratings)
CasinoRoom
  (231 Ratings)
Unibet Casino
  (213 Ratings)
NextCasino
  (230 Ratings)
Raging Bull
  (162 Ratings)
CasinoLuck
  (305 Ratings)
SlotsMillion
  (152 Ratings)
Betsson Casino
  (304 Ratings)
TradaCasino
  (90 Ratings)
Betsafe Casino
  (281 Ratings)
Redbet Casino
  (219 Ratings)
Vera John Casino
  (241 Ratings)
ComeOn Casino
  (334 Ratings)
Casino Extreme
  (250 Ratings)
Thrills Casino
  (224 Ratings)
Ladbrokes Casino
  (193 Ratings)
Slotland
  (407 Ratings)
InterCasino
  (188 Ratings)
Omni Slots
  (23 Ratings)
Bet365 Casino
  (482 Ratings)
Slotty Vegas
  (163 Ratings)
Win A Day Casino
  (437 Ratings)
Betfair Casino
  (296 Ratings)


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