Chartwell gaming provider buys Micropower poker developer for $4 million

Gaming systems provider Chartwell buys poker software developer

The leading provider of gaming software systems Chartwell has announced an acquisition of Micropower Corporation, a well-known online poker software developer, for about $4 million. With the help of the Gibraltar-based poker developer, the gaming software company will be able to break through in a tough industry competition using Micropower track record in multi-player poker entertainment.

Since its foundation in 2003, Micropower has made a good name for itself due to providing its poker software for such authoritative online and television companies as ESPN (Sports Television Network), NTN (iTV Games Network), FHM (UK Men's Magazine), Easybets, and BoDog.com. Chartwell considers Micropower to be the best company to quickly provide a stronger competitive position in poker software development.

The gaming provider is going to join its forces with Micropower in order to offer multi-player poker software solution complete with single and multi-table tournament functionality, frequent player points, uploadable player images and integrated player stats plus an array of unique features. The new poker offering will be built on an expandable and scalable platform with Chartwell's casino, mobile, bingo, kiosk and soft-game line-up. This will also allow the integration of new required games.

Darold Parken, President and CEO of Chartwell, commented on the purchase: "We recognized that, while our overall product suite is very strong, our poker software capabilities needed significant enhancement to quickly capitalize on opportunities. This acquisition will provide the impetus for the next phase of Chartwell's growth. The combination of the best available poker product and a talented development team with Chartwell's trusted brand will enhance the suite of products we are able to offer existing clients as well as provide an exciting opportunity to expand our client base.”