CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

February 17, 2011 10:04 ET

Chartwell Launches Its Much Anticipated Live Dealer Product

CALGARY, ALBERTA--(Marketwire - Feb. 17, 2011) - Chartwell Technology Inc. (TSX:CWH) and its subsidiary, Chartwell Games (International) Ltd. ("Chartwell" or the "Company") (TSX: CWH), a leading provider of games, gaming systems and platform for the regulated online casino gaming industry is excited to announce that its Live Dealer casino product is now fully operational.

Through its exclusive licensing agreement for Europe with its partner HoGaming, Chartwell's Live Dealer games are now available at Globet casino. Mybet, Victor Chandler, Doxxbet and other top tier operators are scheduled to launch in the coming weeks. 

Chartwell's European Live Dealer product is licensed by the regulatory authorities in the Isle of Man and features player favourites such as blackjack, roulette and baccarat. Highly trained, professional European and Asian dealers provide the ultimate online casino experience via exceptional quality video feed and superior game features. Given HoGaming's expertise with premiere land-based casinos, operators and players can be assured that the same proven and fair gaming standards and principles will be applied to all of Chartwell's online Live Dealer casino games.

By adding Live Dealer to its casino portfolio, Chartwell anticipates growth opportunities for its clients by targeting both VIP players and players who may not trust the traditional RNG model. It is estimated that over 25% of overall operator revenue is generated by Live Dealer products and lifetime values of the player typically increase by 15 – 20%.

"After showcasing Live Dealer at ICE 2011 in London last month, the response has been overwhelmingly positive," states David Acorn, Chief Operating Officer. "Our Live Dealer product takes online casino to a whole new level and we're confident that operators will agree that it's a natural complement to their existing RNG games and offers great cross-sell opportunities. Adding Live Dealer to our diverse portfolio of over 100 online casino games is one of many exciting initiatives in store for Chartwell this year."

To learn more about Chartwell's Live Dealer product, visit its new website at: http://www.chartwellgames.com/our-products/live-dealer.php.

About HoGaming

Ho Gaming is an international gaming and entertainment business based in Hong Kong. It has been providing live dealer gaming content in Asia for all of the 21st Century. HoGaming's operations centre in the Philippines supports the best in breed technology that powers the live dealer / live gaming environment. The dealers operating in the Philippines are all trained in accordance with Macau regulations, by the training staff from the famous Grand Lisboa Casino in Macau, before working in the live dealer environment.

About Chartwell

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; our clients own their 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein may constitute forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements, including those with respect to continuing our relationship with clients and the future business prospects of our clients. We believe that the expectations reflected in the forward-looking statements are reasonable based upon management's current views but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. 

The TSX does not accept responsibility for the adequacy or accuracy of this release.

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