October 16, 2006 09:07 ET

Betfair Chooses Chartwell

CALGARY, ALBERTA--(CCNMatthews - Oct. 16, 2006) - Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry is very pleased to announce a licensing agreement with UK based betting giant, Betfair. The agreement calls for Chartwell to design and fully integrate a unique casino and soft gaming section to complement Betfair's existing exchange betting platform. The games can be viewed at

Betfair was founded in June, 2000 and is the world's leading betting exchange, as well as being one of the most visited gaming sites globally, offering its products in 18 languages to a player base of more than 900,000 in 80 countries. Betfair handles over 5 million bets per day.

"Betfair is in a class of its own", states Darold H. Parken, President and CEO of Chartwell. "They have raised the bar of excellence with respect to their commitment to regulatory compliance, technological advancement and marketing focus in the online gaming industry, all of which have contributed to their tremendous success. We are both proud and honored to team up with such an innovative and powerful gaming brand and look forward to a mutually beneficial relationship."

Steve Ives, Betfair's Director of Games said, "Chartwell has an excellent track record and offers robust as well as innovative technology. I am confident Chartwell will deliver a casino product in keeping with our unique requirements and brand values. We're looking forward to working with them."

About Chartwell

Chartwell specializes in the development of leading-edge gaming applications and entertainment content for the Internet and wireless platforms and other remote access devices. Chartwell's Java and Flash based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the online gaming business of its clients. Chartwell's team of highly trained professionals is committed to delivering the highest quality software and maintaining its leading edge through continuous development and unparalleled customer support.

Chartwell invites you to preview our company and gaming applications at

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