BUSINESS

Chartwell revenue woes continue; Rush Poker available on Apple

TAGs: Chartwell, Full Tilt, Rush Poker

down graphCanadian gaming systems provider Chartwell Technology released their figures for the second quarter of the year and showed that total revenue dropped compared to last year. In addition to total revenue declining from $3.1m to $2.4m, the company’s net loss went from up from $886k to $1.8m. Alan Richter, CFO of Chartwell commented, “Chartwell is gradually replacing revenue lost late in the previous year and is doing so through an invigorated and concentrated Casino software suite. Combined with significant cost reductions, new licensees pending launch and our existing sales pipeline, we are well on our way to returning to profitability.

“There will be a good revenue mix between land based and online business for the combined entity moving forward. Our games and platform will be instrumental in rolling out the many exclusive government licensed businesses that Amaya has secured to date. This B2G business nicely compliments our ongoing B2B business and diversifies our future revenue streams and growth prospects.”

It wasn’t all doom and gloom as compared with the first quarter of the year the company posted a 10% in total revenue. It was also confirmed by the company that the proposed merger with Amaya is “due to close in July.” The last quarter included the launch of their new Rapid Game Deployment architecture (RGD) and they also launched a live dealer studio.

In other news, reports are coming out that Full Tilt’s rush poker has been made available as a non-download version on Apple’s range of smart devices. According to eGaming Review, Full Tilt Poker’s Twitter page of the product will allow real-money play on iPhone, iPod Touch, and iPad for customers who possess a Full Tilt account.

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