CryptoLogic's Innovative Betting Games Chosen by BetClic
December 14 2009 - 1:00AM
Marketwired
CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a
global developer of branded online betting games and Internet
casino software, has signed a multi-year agreement to license at
least five of its most compelling online betting games to BetClic,
a major European online sports gaming business.
The agreement covers some of CryptoLogic's top slot games which
are all scheduled to go live on BetClic's Games website, providing
CryptoLogic with recurring revenue based on wagers placed by
BetClic's customers. One CryptoLogic game is already live with the
remainder to follow shortly. The games will be integrated through
CryptoLogic's technology platform provider, Gaming Technology
Solutions plc.
Brian Hadfield, President and CEO of CryptoLogic, said: "The
popularity and demand for our industry-leading games remains strong
as evidenced by this latest agreement with BetClic, a fast growing
European operator. As each new licensee launches our games, we add
a new and recurring revenue stream to our business while providing
enhanced value and user experience for our partners'
customers."
Created in 2005, in less than four years BetClic has grown from
a start-up to a major online sports gaming business in Europe. Led
by its founder and CEO, Nicolas Beraud, it currently has 300
employees, including 40 bookmakers and over one and a half million
customers.
"We are excited about the prospect of adding quality branded
content to our current portfolio," said Nicolas Beraud, CEO of
BetClic. "CryptoLogic games are instantly recognisable and are
developed to the highest industry standards. This partnership
further enhances our commitment to offering the best gaming
experience to our diverse customer base."
About CryptoLogic® (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a
leading public developer and supplier of Internet gaming software.
With more than 300 games, CryptoLogic has one of the most
comprehensive casino suites on the Internet, with award-winning
games featuring some of the world's most famous action and
entertainment characters. The company's licensees include many top
Internet gaming brands, including the "big four" international
operators. CryptoLogic's leadership in regulatory compliance makes
it one of the few companies with gaming software certified to
strict standards similar to land-based gaming. WagerLogic® Limited,
a wholly-owned subsidiary of CryptoLogic, is responsible for the
licensing of gaming software and services to blue-chip customers
that offer their games to non-U.S. based players around the world.
For information on WagerLogic, please visit www.wagerlogic.com.
CryptoLogic's common shares trade on the Toronto Stock Exchange
(CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main
Market of the London Stock Exchange (CRP).
About BetClic
Created in 2005, in less than four years BetClic has grown from
a start-up to a major online sports gaming business in Europe. Led
by its founder CEO Nicolas Beraud, it currently has 300 employees,
including 40 bookmakers and more than 1.5 million customers. The
company operates across 15 different countries (UK, France, Italy,
Spain, Portugal, Poland, Greece...) each with its own dedicated
country team. It is friendly, simple to use and based around a
shared passion for sport. BetClic is strongly committed to
responsible gaming. The company is now a part of the Mangas Gaming
group, the leading online sports and gaming company in Europe,
which has also acquired Bet-at-home and Expekt.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on certain factors and
assumptions including expected growth, results of operations,
performance, business prospects and opportunities, foreign exchange
rates and effective income tax rates. While the company considers
these factors and assumptions to be reasonable based on information
currently available, they may prove to be incorrect. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, risks associated with
the company's financial condition, prospects and opportunities,
legal risks associated with Internet gaming and risks of
governmental legislation and regulation, risks associated with
market acceptance and technological changes, risks associated with
dependence on licensees and key licensees, risks relating to
international operations, risks associated with competition and
other risks detailed in the company's filings with securities
regulatory authorities. These risks may cause results to differ
materially from those projected in the forward-looking statements.
Forward-looking statements are given only as at the date of this
release and the company disclaims any obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by law.
Contacts: CryptoLogic Stephen Taylor Chief Financial Officer 353
(0) 1 234 0415 Argyle Communications Jason Graham (North American
and gaming industry media) (416) 968-7311 ext. 229
jgraham@argylecommunications.com Argyle Communications Daniel Tisch
(North American and gaming industry media) (416) 968-7311 ext 223
dtisch@argylecommunications.com Corfin Communications Neil Thapar
(UK media only) +44 207 977 0020 Corfin Communications Harry
Chathli or Alexis Gore (UK media only) +44 207 977 0020
Cryptologic Limited (MM) (NASDAQ:CRYP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cryptologic Limited (MM) (NASDAQ:CRYP)
Historical Stock Chart
From Jul 2023 to Jul 2024