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Cryptologic Announces Exclusive Deal with Betjacks
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CryptoLogic Limited announced today that it has acquired the exclusive rights to be the sole provider of Internet casino and poker software to Betjacks, a new online gaming site. Under the agreement, made through CryptoLogic subsidiary WagerLogic Ltd., the new brand is expected to target the Irish, UK, South African and Canadian markets following its launch this fall.
Conceived in 2006 by Communication veterans Brian Nesbit & Eamon Garland, Betjacks.com has achieved enormous strides forming key partnerships with blue-chip internet gaming and service providers such as CryptoLogic. BetJacks has developed Ireland's first dedicated online betting and gaming solutions platform, incorporating feature rich media and peer to peer gaming applications all fully integrated with key next generation networking features.
Cryptologic Disappointed, but not Affected, by Recent Dutch Vote
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Internet gambling software developer CryptoLogic Ltd. said Wednesday it “will not be affected materially” by a Dutch parliamentary vote that quashed plans for an online site to be operated by Holland Casino.
“While CryptoLogic had hoped to benefit from the establishment of such a site, the company has been fully compensated for its development work and has other revenue-generation initiatives underway in both Europe and Asia,” CryptoLogic stated.
Cryptologic Reports Higher 4Q Profit
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CryptoLogic Ltd. said Tuesday its fourth-quarter profit more than doubled on sales of new casino games. The Toronto-based company earned $4.3 million or 36 cents per share compared with $1.7 million or 12 cents per share in the 2006 fourth-quarter.
Sales rose 7 percent to $20.4 million from $19 million in 2006. Online casino revenue rose to $14 million from $10 million while online poker revenue fell to $4.6 million from $6.7 million. Analysts polled by Thomson Financial expected profit of 21 cents on sales of $18.6 million.
CryptoLogic Earns Industry’s Top Software Honours for 3rd Consecutive Year
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For the third consecutive year, CryptoLogic Inc. has captured Gambling Online Magazine's Top Casino Software Award for world-class software. The award, based on the votes of thousands of readers, players and website visitors, is widely recognized as the industry's top honour. CryptoLogic was recognized for its innovative gaming software, revolutionary gaming concepts and spectacular graphics delivered through its wholly-owned subsidiary, WagerLogic Limited. Read the rest of this entry »