
Chartwell Technology Inc. CWH
INTERNET GAMING BILL PASSES SENATE
Chartwell Technology Inc. CWH
Calgary, Canada, June 6 2001, Chartwell Technology Inc. (CWH), a leading
developer of Java and Flash based online gaming software announces that on June
4th, 2001 the Nevada Senate approved Bill AB466 to become the first State in
North America to move towards the regulation of online gaming.
Bill AB466, known as the State of Nevada Enabling Legislation for Interactive
Gaming, passed by a margin of 17 to 4 in the State Senate. This Bill empowers
the State Gaming Commission and the Gaming Control Board to determine the appropriate
regulatory framework for the operation of Internet gambling sites. The Bill
now moves on to Nevada State Governor Guinn's office where it has 10 days to
be ratified.
"This is a very significant development for the online gaming industry,"
states Darold Parken, President and CEO. "A strategic component of our
business model was to deploy our online gaming technology within the land based
casino industry on a play for fun basis in our belief that a move toward regulation
was inevitable."
Chartwell was a pioneer in the introduction of "play for fun"
online casino games for Las Vegas casino operators. With our unique technology
and business model we are confident that we will play a similar role in the
development of this new regulated online gaming environment in the State of
Nevada.
Chartwell Technology Inc. specializes in the development of leading edge
gaming software and entertainment content for interactive websites and virtual
communities. Chartwell's Java and Flash based software products and games are
designed for deployment in online gaming, entertainment, advertising and promotional
applications. Chartwell's team of highly trained professionals is committed
to delivering the highest quality software and maintaining its leading edge
through continuous development and unparalleled customer support.
Chartwell Technology Inc. specializes in the development of leading edge
games and entertainment content for interactive websites and virtual communities.
Chartwell's Java based software products and games are designed for deployment
in gaming, entertainment, advertising and promotional applications. Chartwell's
team of 40 highly trained professionals is committed to delivering the highest
quality software and maintaining its leading edge through continuous development
and unparalleled customer support.
Chartwell invites you to preview and play our games at: www.chartwelltechnology.com.
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For further information, please contact:
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| Darold H. Parken, President (877) 261-6619 or (403) 261-6619 dhp@chartwelltechnology.com |
David Bajwa, Investor Relations (877) 669-4180 or (604) 669-4180 info@chartwelltechnology.com |
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Chartwell Games Corp.
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Ranjeet Sundher, President |
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The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.
This press release contains "forward-looking statements" including management's beliefs, expectations or projections related to the Company's business prospects, capital raising and secondary markets for the Company's securities. Actual results could differ materially from those set forth in forward-looking statements. You are cautioned against placing undue reliance on the forward-looking statements.