Chartwell Technology, the well-known provider of gaming software systems and entertainment content to the online and remote gaming industry, has announced unaudited financial results for third quarter of 2008.
Highlights of the third quarter for the company include continued strong organic casino and poker licence fee growth, contributing to total revenue growth of 16.5 per cent over the same period in 2007. EBITDA grew by 18 per cent to $1.3m in the quarter, compared to $1.1m in the same period in 2007.
Cash flow from operations before working capital adjustments and before a restricted cash adjustment similarly grew by 32.6 per cent to $1.3m, from $1m in 2007. In the quarter, the company released and began deploying four new games, bringing the total for the year to 17 new casino games deployed in fiscal 2008.
The company also announced that it has obtained UK remote and
non-remote operating licences and will soon announce its first UK licensed operator.
