Chartwell Gets Deal

April 14, 2008

Chartwell Technology has signed a five year deal with Spielbanken Niedersachsen GmbH (SNG). Chartwell is an online gambling software developer out of Calgary, and SNG is the Lower Saxony state licensed and regulated casino operator. The deal is for an online gambling system, and this will allow on of the German states to have online casinos.

SNG already has a very popular B&M based business, and adding online gambling to their repertoire is exactly what they want. The agreement would last for five years, and would bring in both casino and soft games – which they could then pass along to their sister companies as acceptable through German law.

Their first online gambling site is expected to be up and running by next May. They are owned by Casinos Austria International, who has also been involved in a deal with Sweden's Svenske Spel and Boss Media. Spielbanken Niedersachsen has been providing the lottery games to the area for about 20 years, and last year they won more than Euro 94 million.

Both companies feel that this is a great move for them. Chartwell says that the pairing of them with SNG fits well into their strategies for their future growth. SNG agreed saying that this will be Germany’s first online gambling casino, and they must make sure that they have the highest level of security and they feel that this will come from Chartwell.

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