Chartwell Technology

{{Short description|Canadian gaming software developer}}

{{Refimprove|date=March 2011}}

{{Infobox company

| name = Chartwell Technology

| logo =

| type = Public

| genre =

| foundation =

| founder =

| location_city = Calgary, Alberta

| location_country = Canada

| location =

| locations =

| area_served =

| key_people =

| industry = Online Casino Software

| products =

| services =

| revenue =

| operating_income =

| net_income =

| assets =

| equity =

| owner =

| num_employees = 100

| parent =

| divisions =

| subsid =

| homepage =

| footnotes =

| intl =

}}

Chartwell Technology was a gaming software developer focused largely on the online casino market. The company was based in Calgary.

History

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.{{cite web |title=Chartwell Technology Inc. |url=https://www.sec.gov/Archives/edgar/data/1096952/000091228203000169/chartwell20f.htm |publisher=www.sec.gov |access-date=3 January 2021}} 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.{{cite web |url=https://www.gamblingsites.com/history/chartwell-technology/ |website=gamblingsites.com |title=History of Chartwell Technology}}

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.{{cite web |url=https://albertacorporations.com/chartwell-technology-inc |title=Chartwell Technology Inc. |website=albertacorporations.com}} In 2005, Chartwell acquired MicroPower, an online poker software developer.{{cite web |url=https://www.igamingbusiness.com/chartwell-acquires-micropower-corporation%C2%A0 |title=Chartwell Acquires MICROPOWER Corporation |website=iGaming Business |date=May 26, 2005}}

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.{{cite web |url=http://www.chartwellgames.com/our-company/about-us/ |title=Company Profile for Chartwell (CA;CWH) |accessdate=2011-03-16 |url-status=dead |archiveurl=https://archive.today/20130119082134/http://www.chartwellgames.com/our-company/about-us/ |archivedate=2013-01-19 |website=chartwellgames.com }}

Chartwell Technology had over 130 employees in three countries, Canada, the United Kingdom, and Malta.

Chartwell provided gaming software to notable companies and websites to power their online games, such as Betfair, Bwin, Casinos Austria, Bet365, and 888casino.{{cite web |url=https://www.hometownstation.com/news-articles/how-online-gambling-came-to-be-and-how-it-revolutionized-the-industry-292460 |title=How Online Gambling Came To Be, And How It Revolutionized The Industry |date=September 11, 2019 |website=hometownstation.com}} It also partnered with many gaming software developers, such as Macau-based Entertasia and UK-based HoGaming.{{cite web |url=https://www.livedealer.org/news/2010/entertasia-partner-with-chartwell.htm |title=Entertasia Partner with Chartwell Technology |date=2 February 2010 |archive-url=https://web.archive.org/web/20111121223543/https://www.livedealer.org/news/2010/entertasia-partner-with-chartwell.htm |archive-date=2011-11-21 |website=Livedealer.org}}{{cite web |url=https://www.casinojournal.com/articles/87750-chartwell-partnering-with-ho-gaming-on-live-dealer-product |archive-url=https://web.archive.org/web/20200613224934/https://www.casinojournal.com/articles/87750-chartwell-partnering-with-ho-gaming-on-live-dealer-product |url-status=usurped |archive-date=June 13, 2020 |title=Chartwell partnering with Ho Gaming on Live Dealer product |website= |date=October 14, 2010}}

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.{{cite web |title=Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 |url=https://www.sec.gov/Archives/edgar/data/1096952/000091228204000238/chartwell6k_04302004.htm |website=www.sec.gov}}{{cite web |url=https://www.cantechletter.com/2011/05/amaya-chartwell-analysis/ |title=Amaya Gaming snags Chartwell Technology |date=May 12, 2011 |website=Cantech Letter}}

Acquisition

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.{{cite web |url=https://www.mccarthy.ca/en/work/cases/amaya-gaming-group-completes-c2277-million-acquisition-chartwell-technology |title=Amaya Gaming Group completes C$22.77 million acquisition of Chartwell Technology |website=mccarthy.ca |date=July 14, 2011}}{{cite web |url=https://www.newswire.ca/news-releases/nyx-gaming-group-limited-announces-acquisition-of-chartwell-and-cryptologic-and-new-preferred-supplier-licensing-agreement-with-amaya-inc-517431571.html |title=NYX Gaming Group Limited Announces Acquisition of Chartwell and Cryptologic and new Preferred Supplier Licensing Agreement with Amaya Inc. |date=Apr 9, 2015 |website=newswire.ca}} 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.{{cite web |url=https://www.lexpert.ca/article/nyx-gaming-group-acquires-chartwell-technology-and-cryptologic-from-amaya/ |title=NYX Gaming Group acquires Chartwell Technology and Cryptologic from Amaya |date=Jul 31, 2015 |website=Lexpert}}{{cite web |url=https://www.igamingbusiness.com/news/nyx-acquire-amaya-gaming-subsidiaries |title=NYX to acquire Amaya Gaming subsidiaries |date=April 10, 2015 |website=iGaming Business}}

References