“Chartwell Welcomes Passage
of Online Gambling Bill”
The United Kingdom’s passage of legislation (The
Gaming Bill), that will introduce regulated online gambling,
has received an extremely positive reception by those
in the online gambling industry. One company, Chartwell
Technology, which provides gaming software to online
and remote gambling businesses, sees the legislation
as a step in the right direction toward offering Internet
gamblers a safe, secure and regulated online environment.
Lee Richardson, Chief Executive Officer at Chartwell,
stated that the Gaming Bill, expected to become operational
in 2006, “may provide the necessary impetus for
similar regulatory advancements in other jurisdictions,
including elsewhere in Europe”.
Chartwell, which has been following
the Gaming Bill since its inception, has invested heavily
in Europe in anticipation of the Bill’s passage.
There is now a Chartwell Games Head Office in London
and they are focusing on the further development and
deployment of their gaming systems throughout European.
Such game systems include Casino Games, Lotteries,
Poker and Bingo Games and Kiosk-based solutions.
Informa Media Group and Merrill Lynch, both of which
published reports and analyses on the online gaming industry,
estimate that the online gambling revenues will surpass
the $14 billion mark by the end of 2006. Europe is expected
to account for $7.5 billion of that revenue.
It is worth noting too, that
the report issued does not take into account the financial
impact that the passage of Britain’s Gaming Bill
may have on the gambling industry or the impact that
subsequent, similar measures by other countries may
have.
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