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CryptoLogic sees greener pastures in Ireland



Printer Friendly VersionPost a CommentTell a Friend about this Article26 September 2006
As reported by: Globe and Mail
Lewis Rose thinks it's a good idea for his gambling software company to uproot its Toronto head office and move it to Ireland — but he can't go with it.

Mr. Rose has led CryptoLogic Inc., which provides software and electronic payment systems to some of the world's biggest gambling sites, for four years, through a period of robust growth.

He said Monday CryptoLogic's top leadership will move in January to Dublin — closer to London, epicentre of on-line gambling, and to major customers in Europe. He said an on-line gambling crackdown in the United States and arrests of foreign-based industry executives there is purely co-incidental.

While the move makes sense for the company, he said he has declined the board's offer to move to Dublin for family reasons.

“This is about being closer to customers and the world's most thriving Internet gaming markets,” said Mr. Rose, president and chief executive officer. “You fish where the fish are. You focus on environments that are gaming friendly ... There's a five-hour time zone difference between us. ... To be physically based in Europe makes life a lot easier because all our major customers are based in the U.K. and Europe.”


Article By: Globe and Mail

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