Chartwell Completes $11 Million Financing
Online gaming software provider Chartwell Technology Inc. (CWH.TO) has closed a previously announced private placement financing of $11 million, consisting of 2,365,592 common shares that were sold at a price of $4.65 each. Clarus Securities Inc. and Harris Partners Limited acted as underwriters for the placement. All of the securities sold pursuant to the offering will be subject to a four month hold period in Canada following the date of the closing, and none of the common shares were offered or sold in the United States. Chartwell intends to use the proceeds to fund expansion and for general corporate purposes.
Sportingbet Gets Boost from Hilton Rumor
The market was buzzing last week with the rumor that the Hilton Group Plc(HG.L), owner of Ladbrokes, was courting Sportingbet Plc (SBT.L) for an acquisition deal. There's no substance to the rumor at this point, but nonetheless, Sportingbet still gained 8p the day the rumor was in its highest force.
Midas Reports Quarterly Figures
Midas Entertainment, Inc. (MDAS.OTC), a poker software provider that spun off from AngelCiti Entertainment (AGCI.OTC), reports having taken over $30 million in bets in its first three months of operation. It also says it processed $2.47 million in transactions and generated $556,000 in revenue. Midas now claims that over 10,000 people have logged onto the sites of its licensees, CityPoker.com, KingMidasPoker.com, DesertPoker.com and SharkPoker.com.
Rank Says Blue Square Is Performing Well
According to a recent statement by Rank Group Plc (RNK.L), Blue Square, its sports betting subsidiary, continues to show solid growth. The company's telephone and Internet divisions are still performing in line with expectations, with turnover being boosted by the addition of Blue Casino. Even bigger returns are expected from the recently launched Blue Square poker product. Rank purchased Blue Square for £65 million in January 2003.