Chartwell Moves to Wireless Online Casinos, but Keeps Eye on Poker and Bingo

Chartwell Technology Inc., a major software provider for online casinos, is still focused on the growing markets of online bingo and poker, but the company is also keeping its eye on the future. Darold Parken, Chartwell’s CEO, said that the company is positioning itself for the wireless gambling market.

The company’s stock experienced a rapid 60 cent rise on Tuesday, followed by a 70 cent drop on Wednesday. I-Gaming technologies such as Chartwell are expected to do well following the UK’s acceptance and regulation of online casinos. Calgary, Canada-based Chartwell plans to make the most of the currently underexploited bingo market. In addition, Chartwell management hopes to continue advances in the growing online poker market, both by developing their own technologies and by buying out online poker supplier Micropower Corp.

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