Chartwell Technology
 | This article needs additional citations for verification. (March 2011) |
| Company type | Public |
|---|---|
| Industry | Online Casino Software |
| Headquarters | , |
Number of employees | 100 |
Chartwell Technology was a gaming software developer focused largely on the online casino market. The company was based in Calgary.
History
[edit]Chartwell Technology was originally founded in British Columbia on 16 December 1987 as Napier Explorations Inc., a mineral exploration company with interests in mineral exploration in British Columbia.[1] In 1989, the name changed to Brockton Resources Inc. In 1992, the company stopped its mineral activities and moved to oil and gas, changing its name to Chartwell Ventures Ltd.[1][2]
In 1998, after acquiring Gateway Technology, a software developer, the company completely changed its business module by shifting to software developing and licensing. Few months later, on 8 December 1998, the name was eventually changed to Chartwell Technology Inc.[3] In 2005, Chartwell acquired MicroPower, an online poker software developer.[4]
The company developed a wide range of online casino games including slot games, table games and fixed odds games, mini games, and networked multiplayer baccarat and blackjack.[5]
Chartwell Technology had over 130 employees in three countries, Canada, the United Kingdom, and Malta[6].
Chartwell provided gaming software to notable companies and websites to power their online games, such as Betfair, Bwin, Casinos Austria, Bet365, and 888casino.[7] It also partnered with many gaming software developers, such as Macau-based Entertasia and UK-based HoGaming.[8][9]
Previously traded on the Alberta Stock Exchange and the TSX Venture Exchange, in 2004, Chartwell Technology was listed on the Toronto Stock Exchange under the trading symbol TSX:CWH, and delisted in May 2011 after Amaya's acquisition.[10][11]
Acquisition
[edit]In July 2011, Chartwell Technology was sold to The Stars Group (then Amaya Gaming Group) in a $23 million deal. As a result, it became a wholly owned subsidiary of Amaya Gaming Group Inc., and its name was changed to Amaya Alberta Inc.[12][13] In 2015, Amaya sold the company—along with other subsidiaries, to Las Vegas-based NYX Gaming Group, which in turn was acquired a few years later by Scientific Games.[14][15]
References
[edit]- ^ a b "Chartwell Technology Inc". www.sec.gov. Retrieved 3 January 2021.
- ^ "History of Chartwell Technology". gamblingsites.com.
- ^ "Chartwell Technology Inc". albertacorporations.com.
- ^ "Chartwell Acquires MICROPOWER Corporation". iGaming Business. May 26, 2005.
- ^ "Company Profile for Chartwell (CA;CWH)". chartwellgames.com. Archived from the original on 2013-01-19. Retrieved 2011-03-16.
- ^ "Casinos With Malta Gaming Authority License". Retrieved 2023-07-21.
- ^ "How Online Gambling Came To Be, And How It Revolutionized The Industry". hometownstation.com. September 11, 2019.
- ^ "Entertasia Partner with Chartwell Technology". Livedealer.org. 2 February 2010. Archived from the original on 2011-11-21.
- ^ "Chartwell partnering with Ho Gaming on Live Dealer product". October 14, 2010. Archived from the original on June 13, 2020.
- ^ "Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934". www.sec.gov.
- ^ "Amaya Gaming snags Chartwell Technology". Cantech Letter. May 12, 2011.
- ^ "Amaya Gaming Group completes C$22.77 million acquisition of Chartwell Technology". mccarthy.ca. July 14, 2011.
- ^ "NYX Gaming Group Limited Announces Acquisition of Chartwell and Cryptologic and new Preferred Supplier Licensing Agreement with Amaya Inc". newswire.ca. Apr 9, 2015.
- ^ "NYX Gaming Group acquires Chartwell Technology and Cryptologic from Amaya". Lexpert. Jul 31, 2015.
- ^ "NYX to acquire Amaya Gaming subsidiaries". iGaming Business. April 10, 2015.