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Chartwell losses widen as revenue slump continues

31st January 2011 9:11 am GMT

Concluding a disappointing year for the company, Canada's Chartwell Technology Inc has reported a 23 per cent drop in total revenues to CAD$12.1m for the year ended October 31st, as fourth quarter revenues slumped by nearly a third following the loss of Betfair as a major licensee last August.

Chartwell reported a 31 per cent decline in fourth quarter revenues to $2.4m, primarily as a result of the non-renewal of Betfair as a licensee, while the [...]

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