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The first independent gambling guide to the best online
casinos!
Top Online Casinos software provider
extends agreements, leads marketplace
According to a recent
press release covering new business news in the internet gambling
industry, it is clear that Cryptologic continues to be the top software
provider to online casinos and is the leading software developer to the
global online casinos market. It has recently announced a new deal with
online casinos and has extended its current commercial terms with its
largest licensee and one of the world’s first and largest online
casinos. The top online casinos choose the software firm because of its
management philosophy “return on effort,” as well as its online casinos
industry experience in the booming $12 billion dollar a year industry.
There are many internet gambling firms that see their names in the
business pages, as stocks are traded publicly and recent regulation
measures and controversies surrounding regulation have seen the US
Congress and World Trade Organization also play a part in internet
gambling bills and proceedings.
However, in regards to graphics and the industry, the software company
made deals with online casinos to continue providing services until at
least the beginning of January 2012. The online casinos industry is very
competitive, and to sort through the thousands of online casinos,
consumers look for the online casinos that combine top graphics, with
great promotions, and great variety.
The software company provides these online casinos with that and more.
Nevertheless, the firm also lost a relationship with a few online
casinos but the decision will have no material impact on the company’s
financial results since those online casinos account for less than two
percent of the firm’s revenue.
"By reaffirming a long term relationship with our largest customer, we
are following CryptoLogic's guiding principle of achieving the highest
"ROE" - what we call "return on effort" - from our customers, products
and projects," said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's
ROE strategy has seen us refine our licensee base since 2003, and the
result has been record performance with revenue and earnings growing 95%
and 117% respectively during that same period. We aim to continue to
deepen our relationships with our major customers, while continuing
active discussions with select new prospects that will enhance our
roster of blue-chip global gaming and entertainment brands."
CryptoLogic is scheduled to release its 2006 first quarter results on
Wednesday, May 10, 2006. The company's guidance remains unchanged.
The software firm provides solutions for online casinos and is a world
leading, blue-chip public developer and supplier of Internet gaming
software. CryptoLogic's leadership in regulatory compliance makes it one
of the very few companies with gaming software that is certified to
strict standards similar to land-based gaming. WagerLogic Limited, a
wholly-owned subsidiary of CryptoLogic, is responsible for the licensing
of the company's gaming software and services to a blue-chip customer
base worldwide.
It’s common shares trade on the Toronto Stock Exchange (symbol: CRY), on
the NASDAQ National Market (symbol: CRYP), and on the Main Market of the
London Stock Exchange (symbol: CRP).
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