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Online Casino News - June, 2008

Chartwell Technology Gets Whitelisted by UK Gambling Commission



  Seed Newsvine

by Margaret Oliveira, News Staff Writer

June 24, 2008

You'll likely be seeing a lot more of Canada-based online casino and gaming software developer, Chartwell Technology, now that the UK Gambling Commission has bestowed remote and non-remote gambling licenses on the company, to be used as operator licenses for online casinos and other internet betting sites powered by Chartwell's software platforms.

Chartwell recently announced the fortunate news, citing that the company's senior executives also received personal management licenses. According to the licensing agreement, Chartwell will be permitted to continue developing, supplying and installing software in accordance with regulations as deemed by the 2005 UK Gambling Act, which updated the UK's formerly antiquated legislation governing land-based and remote gambling activities.

In order to receive such a clearance, Chartwell's entire software platform underwent a strict certification testing process ensuring the source code produces fair odds with minimum payout percentages, as well as proper operation of the software's Random Number Generator (RNG), which governs hand results and which is charged to operate in an unpredictable manner, thus producing random results in accordance with fair odds.

In response to the licensing agreement, President and CEO of Chartwell, Darold H. Parken, is on record saying the company's commitment "to fair and responsible gaming systems and to corporate transparency" has been integral to getting an approval by the UK Gambling Commission, not to mention putting Chartwell at the forefront of leading online casino and gaming software developers, such as Microgaming, Cryptologic and Playtech.

Currently, Chartwell has developed online gaming solutions for casino, bingo, poker and soft games (like instant-win, scratch-off games). All games are available in both a downloadable software bundle and instant Flash. Chartwell customizes their software packages for individual operator licenses, including branding solutions and overall gaming packages. The company itself is listed on the Toronto Stock Exchange and is registered with the US Securities Exchange Commission.



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