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03 June 2008

Chartwell Technology To Launch New Online Bingo

Chartwell Technology and Parlay Entertainment have announced their intention to launch an Online Bingo network.

Both Parlay and Chartwell will also contribute a variety of slots and other Games to the platform. The European-facing network will be based in Malta and managed by Chartwell.

The network which will be branded and marketed as BingoNexus is expected to launch in summer, 2008. BingoNexus will be on display at the upcoming Bingo Summit in London June 17-18.

Bingo is one of the most popular and socially accepted games in the world. While global land-based bingo club wagers exceed $70 billion, less than 1% of that has transitioned online. Growth of social-networks, online community popularity and internet connectivity provide the essential drivers for online bingo migration.

Scott White, President and CEO of Parlay Entertainment, said: "This is a huge win for licensees and bingo players alike. By combining the strengths of Parlay's industry-leading bingo games with Chartwell's advanced administration system and network operations expertise, we're creating a very compelling bingo network solution. Player excitement will grow exponentially as bingo sites pool their liquidity to create bigger games, huge jackpots and lively communities."

Darold H. Parken, President and CEO of Chartwell, said: "The respective strengths of Chartwell and Parlay are a perfect fit, so it's natural for us to work together to build a new European bingo network. Online bingo continues to reach new heights in the UK and Europe, and we're excited to become serious players in the bingo business under our relationship with Parlay and the BingoNexus brand."

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