Chartwell Technology, a provider of gaming software systems to the remote gaming industry, announced that Extrabet, a wholly owned subsidiary of IG Group Holdings, has launched the first Gambling Commission (UK) licensed free casino powered by Chartwell.
Located in London, UK, IG Group Holdings is a FTSE 250 company with established operations around the world resulting in revenues that exceed $200 million. Formed in 1974, IG Group is the holding company of IG Index and Extrabet Limited which operate spread betting and fixed odds betting businesses in the UK for customers across the telephone or internet.
In order to fulfill IG Index's requirements and commitment to regulatory leadership, Chartwell's gaming system underwent a thorough certification process by the UK regulatory authority that meets or exceeds gaming regulation anywhere in the world. This included both corporate and software certification to ensure maximum security and reporting functionality necessary for Chartwell to receive certification by the Gambling Commission (UK) under the new regime.
"This event marks a significant milestone for Chartwell, the IG Group, and on-line gaming regulation as a whole," said Darold H. Parken, President and CEO of Chartwell "Delivering the software solution to power the UK's first licensed online gaming site elevates our company and technology to the next level and I am proud of every member of our team for achieving this industry-first. I would also like to complement the efforts of the IG Group, their pursuit of growth built on technology while conducting business within an extensive regulatory framework clearly defines this organization."
"We're delighted to add Chartwell's casino to our on-line sports betting portfolio," said head of IG Sport, Stuart Lane. "While we're continuing to see growth with both fixed-odds and sports spread betting, we also recognise the appetite for other modes of on-line gaming and thus the benefits of increasing the offerings on our sports platforms. With the addition of the online casino we are now a step nearer to our long term goal in bringing both Extrabet and IG Sport customers everything they require on one internet casino betting site."
Located in London, UK, IG Group Holdings is a FTSE 250 company with established operations around the world resulting in revenues that exceed $200 million. Formed in 1974, IG Group is the holding company of IG Index and Extrabet Limited which operate spread betting and fixed odds betting businesses in the UK for customers across the telephone or internet.
In order to fulfill IG Index's requirements and commitment to regulatory leadership, Chartwell's gaming system underwent a thorough certification process by the UK regulatory authority that meets or exceeds gaming regulation anywhere in the world. This included both corporate and software certification to ensure maximum security and reporting functionality necessary for Chartwell to receive certification by the Gambling Commission (UK) under the new regime.
"This event marks a significant milestone for Chartwell, the IG Group, and on-line gaming regulation as a whole," said Darold H. Parken, President and CEO of Chartwell "Delivering the software solution to power the UK's first licensed online gaming site elevates our company and technology to the next level and I am proud of every member of our team for achieving this industry-first. I would also like to complement the efforts of the IG Group, their pursuit of growth built on technology while conducting business within an extensive regulatory framework clearly defines this organization."
"We're delighted to add Chartwell's casino to our on-line sports betting portfolio," said head of IG Sport, Stuart Lane. "While we're continuing to see growth with both fixed-odds and sports spread betting, we also recognise the appetite for other modes of on-line gaming and thus the benefits of increasing the offerings on our sports platforms. With the addition of the online casino we are now a step nearer to our long term goal in bringing both Extrabet and IG Sport customers everything they require on one internet casino betting site."
Wed. October 22, 2008; Posted: 01:21 AM
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http://www.tradingmarkets.com/.site/news/Stock%20News/1960424/
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