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"Chartwell Technology Supports New UK Legislation Regulating Online Gambling"

The cheer is going up from many in response to Britain’s recent approval of legislation slated to introduce regulated online gambling. The CEO of Chartwell Technology, Larry Richardson, is reported as saying that the new legislation will contribute to the creation of an online gambling environment removed scams fraud, and cons. The legislation is scheduled to go into effect in the United Kingdom starting in 2006, and Richardson sees its introduction as serving as an imputes to other European nations which may indeed take similar action. Of the G-7 countries, Britain is the first to actually set up a set of rules and regulations covering the online gambling industry.

The Canadian-based online gambling software maker, Chartwell, has received additional good news. Its stock experienced a boost to $10.95 a share in midday trading on the Toronto Stock Exchange. This is an increase of 10 cents.

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