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Friday 6th June 2008
Canadian online games developer Chartwell Technology has announced a deal with Ontario’s Parlay Entertainment to launch an online bingo network branded BingoNexus.
BingoNexus is to be powered by an Internet platform combining Parlay's front-end bingo product with Chartwell's back-end administration system and both will contribute a variety of slots and other soft games for the European-facing network based in Malta and managed by Chartwell.
Expected to launch this summer, Chartwell stated that BingoNexus would boast the ‘best of breed’ of both organisations and would be an exciting and exclusive network where clients of both firms could join and share large pool prizes and community excitement.
'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,” said Darold Parken, President and Chief Executive Officer for Chartwell.
“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.'
Chartwell stated that bingo is one of the most popular and socially accepted games in the world. While global land-based bingo wagers exceed $70 billion, less than one percent of that has so far transitioned online. However, the growth of social-networks and Internet connectivity are driving online bingo migration.
“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,” said Scott White, President and Chief Executive Officer for Parlay.
“Player excitement will grow exponentially as bingo sites pool their liquidity to create bigger games, huge jackpots and lively communities.'
Chartwell revealed that BingoNexus would be on display at the upcoming Online Bingo Summit in London from June 17 to 18.
Source: OnlineCasinoNews
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