April 15th, 2008
Chartwell Technology Inc., a leading provider of gaming software systems to the online and remote gaming industry is very pleased to announce that Spielbanken Niedersachsen GmbH (SNG) the exclusive Lower Saxony state licensed and regulated Casino operator, has selected Chartwell's online gaming system to power their launch into the internet gaming market which complements their existing landbased business. The term of the agreement is for five years and calls for the initial launch of casino and soft games and provides for the roll-out of additional gaming products to their sister companies as and when locally permissible. The launch of their flash casino is scheduled for early May, 2008 and can be viewed at the SNG website www.casinoland.de
Owned by leading international gaming operator Casinos Austria International, Spielbanken Niedersachsen has been providing games of chance to the people of the German Federal State of Lower Saxony for almost 20 years. Last year SNG's gross win exceeded EUR 94 million. SNG has a reputation for providing state licensed gambling of a high quality in a variety of entertaining and exciting locations. Implementation of player protection measures in a socially responsible gaming environment has always been a paramount concern of SNG. SNG holds the exclusive state licence to offer internet gaming to the residents of Lower Saxony, the second largest German state, with a population of 8 million inhabitants.
"We are delighted to provide our gaming system for SNG's launch into online gaming" states Darold H. Parken, President and CEO of Chartwell, "We have gained an exceptional industry partner with a well established gaming business, helping to ensure our future growth in the key regulated German market. It has always been our strategy to align Chartwell with blue-chip licensed operators, and in SNG we have a perfect example" Mr Parken adds, "Chartwell went through an extensive vetting process to win this contract with SNG. Our software and people passed the test and we are extremely excited with the opportunity to work with SNG in this growing gaming market."
"We shall be launching Germany's first legal virtual casino, and are required by law to ensure the highest standards of security," says Rainer Chrubassik, CEO of SNG. "With Chartwell as our partner we can fulfil our obligations in this respect, while at the same time offering an outstandingly attractive range of products. The intense process of system implementation has been a great challenge to all of us, but one we have succeeded in mastering. The project is unique in Germany and will point the way for future developments," the CEO declares.