"Online Gaming Company Chartwell Welcomes Passage of New Online Gambling Bill"

The new Gaming Bill that has just been passed in the United Kingdom will regulate online gambling. Those in the online gaming industry have given it their strong positive support. Chartwell Technology, a company which provides software to online gambling companies, is one of the companies that perceives this legislation as a major step in the right direction in providing Internet gamblers with a regulated but safe and secure online environment. Chartwell’s CEO, Lee Richardson, has stated that this bill, the Gaming Bill, will probably come into operation by 2006, and should a necessary impetus for comparable regulatory advancements in such other jurisdictions as Europe.

Chartwell has been closely following the Gaming Bill since its beginnings. It has invested heavily in European operations in expectation of the Bill’s quick passage. The Chartwell Games Head Office which is located in London, has been focusing on the additional expansion and operation of their gaming systems all over Europe. Examples of these gaming system are Bingo Games, the increasingly popular online Poker, Casino Games, Lotteries, and Kiosk linked solutions.

Reports and analyses regarding the Internet gaming industry are published by Merrill Lynch and Informa Media Group, both of which estimate that online gambling revenues should exceed $14 billion by the end of 2006. $7.5 billion of that revenue is expected to be derived from Europe.

It is important to point out that the issued reports do not consider the financial effect passage of Britain’s Gaming Bill may well have on the gambling industry, nor do they consider the impact that successive similar measures on the part of other countries will have.