June 29, 2010 (CAP PR Wire) — Chartwell Technology Inc. (“Chartwell”), a leading provider of games, gaming systems and platform for the regulated online casino gaming industry is pleased to announce today that Centrebet Limited (“Centrebet”) is the latest international gaming brand to select the Chartwell Games Platform (“CGP”) to power its online flash casino.
Established in 1992, Centrebet has grown into an established brand in its core market of Australia, Greece and Scandinavian regions with over 60,000 active customers. Their competitive advantage comes from highly experienced management in the field of gaming and wagering, highlighted by a broad product offering. Centrebet is well positioned to continue to increase market share in a strong and growing Australian online wagering market.
Centrebet listed on the Australian Stock Exchange in 2006 and since then have achieved a 23% compounded annual growth rate in wagering turnover. In 2009 they reported total revenues of $66.2M and EBITDA of $11.8M and of that the online casino contributed 21% of total revenue at $13.8 M.
The Centrebet Flash casino is due to launch this summer on the CGP and will feature Chartwell’s full complement of proprietary casino games as well as 3rd party supplier content. The CGP has earned Chartwell the distinction as iGaming’s fastest moving and most exciting supplier and a further two nominations for the upcoming eGaming Review awards where the Company is nominated for “Innovation in RNG Casino Software” and “RNG Casino Supplier of the Year”.
“Our success ahead of the industry in attracting such an internationally recognized marquee brand as Centrebet is a direct result of the dedication of the Chartwell team to deliver the most advanced gaming platform in the industry”, comments Dan Phillips, CEO of Chartwell Games (International) Ltd. “The momentum created since the launch of our Platform and resulting accolades received, clearly validates our commitment to the development direction of our Games Platform. Centrebet is a great addition to our roster of market-leading clients following hot on the heels of Casino Austria whom we announced last month, and a strong pipeline of others coming.”
“Choosing Chartwell to provide our latest Casino platform was an easy decision, the range of content, flexibility, power of CGP and their plans for the future were defining factors. We are looking forward to working with them closely as we continue to grow our business.” Comments Chris Bowler, Head of Europe for Centrebet LTD.
Centrebet commenced operations in 1992 and in 1996 was the first licensed bookmaker in the Southern Hemisphere to offer online sports betting. Centrebet is now a leading International online wagering and gaming operator offering fixed odds betting on a wide variety of Australian and International sporting, racing, entertainment and political events, as well as online poker and casino products. Online poker and casino products are not offered to Australian residents due to regulatory considerations. Centrebet is a publicly traded company on the Australian Stock Exchange and trades under the symbol “CIL”.
Chartwell specialises in the development of leading-edge games, gaming systems and platform for the regulated online casino gaming industry. Chartwell is certified or licensed to offer a range of services in all of the leading regulated online gaming markets. Chartwell is not a gaming operator; their clients own their own brands and databases entirely and exclusively. Chartwell’s team of highly trained professionals is committed to delivering the highest quality software and maintaining its market edge through continuous development and unparalleled customer support.
Further information on product and corporate development is available at: www.chartwelltechnology.com.