Online Gambling Press » CryptoLogic

Cryptologic Announces Exclusive Deal with Betjacks

admin — Wed, 18 Jun 2008 20:06:15 +0000

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.

“Today's announcement reflects CryptoLogic's strategy to take our Internet casino and poker products to new people and new places,” said Brian Hadfield, CryptoLogic's President and CEO. “CryptoLogic and Betjacks will work together to develop an exciting new site that provides a superior entertainment experience to players around the world.”

Betjacks will feature CryptoLogic's award-winning downloadable and non-downloadable Internet casino and poker software. Betjacks will also integrate key white label brands into the company's Internet poker, casino and proprietary eCash in 2009.

gamblingplanet.org

Cryptologic Disappointed, but not Affected, by Recent Dutch Vote

admin — Sat, 05 Apr 2008 13:04:40 +0000

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.

“While advocates of safe, secure and regulated e-gaming are disappointed with the Dutch decision, CryptoLogic never places all its bets on one table,” president and CEO Brian Hadfield said in a release.

“We recognized the challenge in Holland early and prepared our business by accelerating other revenue-generating initiatives.”

Last year, CryptoLogic had announced a licensing contract with Holland Casino, the Netherlands' government-licensed casino operator that was subject to ratification.

gamblingplanet.org

Cryptologic Reports Higher 4Q Profit

admin — Wed, 19 Mar 2008 14:03:14 +0000

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.

The company said casino growth was partly due to its newest lineup of casino games launched in October and to the launch of its Spider-Man and Fantastic Four online slot games in December. Operating expenses fell to $12.7 million from $14.2 million in 2006.

For the 2007 fiscal year, profit plunged 77 percent on the U.S. prohibition on Internet gaming that began in October 2006.

gamblingplanet.org

CryptoLogic Earns Industry’s Top Software Honours for 3rd Consecutive Year

admin — Sun, 24 Feb 2008 14:02:15 +0000

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.

“CryptoLogic has always focused on delivering the ultimate online entertainment experience to players around the world, and to receive this kind of validation means our strategy is paying off,” said Javaid Aziz, CryptoLogic's President and CEO. “With our ground-breaking innovation and partnerships with the world's biggest gaming and entertainment brands, we're exceeding the needs of today's online players – which translates into more satisfied players on our customers' sites.”

CryptoLogic has introduced some of the most popular games in the industry, including fan favourites Bejeweled, Jewel Quest, and the first-ever version of Multi-Hand Video Blackjack, a game that combines the excitement and action of Video Poker with the world's most popular casino game. CryptoLogic also delivered the exclusive online slot version of Cubis, the award-winning, visually stunning 3D puzzle game, and its patented Millionaires Club, which boasts the highest jackpot payout in online history.

“CryptoLogic's award-winning casino lineup delivers big-screen excitement, stunning graphics, amazing bonus rounds and impressive prize pots – in pounds, Euros or dollars,” added Justin Thouin, CryptoLogic's Vice President, Product Management and Business Development.

With more than 280 games in its online casino suite – and more than 100 games launched since 2004 alone – CryptoLogic has one of the most comprehensive casino gaming suites on the Internet.

gamblingplanet.org