Centrebet Selects Chartwell to Power the Centrebet Casino

Monday June 14, 2010

Chartwell Technology is pleased to announce today that Centrebet Gaming NV is the latest international gaming brand to select the Chartwell Games Platform to power its online flash casino.

Established in 1992, Centrebet has grown into an established brand in its core market of Australia, Greece and Scandinavian regions with over 60,000 active customers. Their competitive advantage comes from highly experienced management in the field of gaming and wagering, highlighted by a broad product offering. Centrebet is well positioned to continue to increase market share in a strong and growing Australian online wagering market.

Centrebet listed on the Australian Stock Exchange in 2006 and since then have achieved a 23% compounded annual growth rate in wagering turnover. In 2009 they reported total revenues of $66.2M and EBITDA of $11.8M and of that the Centrebet Casino contributed 21% of total revenue at $13.8 M.

The Centrebet Flash casino is due to launch this summer on the CGP and will feature Chartwell's full complement of proprietary casino games as well as 3rd party supplier content. The CGP has earned Chartwell the distinction as iGaming's fastest moving and most exciting supplier and a further two nominations for the upcoming eGaming Review awards where the Company is nominated for "Innovation in RNG Casino Software" and "RNG Casino Supplier of the Year".

"Our success ahead of the industry in attracting such an internationally recognized marquee brand as Centrebet is a direct result of the dedication of the Chartwell team to deliver the most advanced gaming platform in the industry", comments Dan Phillips, CEO of Chartwell Games Ltd. "The momentum created since the launch of our Platform and resulting accolades received, clearly validates our commitment to the development direction of our Games Platform. Centrebet is a great addition to our roster of market-leading clients following hot on the heels of Casino Austria whom we announced last month, and a strong pipeline of others coming."

"Choosing Chartwell to provide our latest Casino platform was an easy decision, the range of content, flexibility, power of CGP and their plans for the future were defining factors. We are looking forward to working with them closely as we continue to grow our business." Comments Chris Bowler, Head of Europe for Centrebet LTD.