CryptoLogic signs deal with U.K. firm
| 02 April 2003 |
CryptoLogic Inc. has won a contract to supply its gaming software to a British sports betting company hoping to offer on-line poker and casino games to millions of its international sports customers.
The Toronto company said Wednesday it had struck a deal with ukbetting PLC, a licensed on-line sports bet taker and the largest independent Internet sports content provider in the United Kingdom.
Financial terms of the deal were not disclosed.
Under the agreement, the British company will use the Internet poker and casino software licensed by a CryptoLogic subsidiary to target ukbetting's monthly user base of 3.5 million European sports fans.
CryptoLogic president Lewis Rose said the deal "is a great opportunity that continues CryptoLogic's positive momentum in the key growth areas of its business."
"Poker continues to be the big growth market on the Internet, and we are aggressively seizing this opportunity," Mr. Rose said.
CryptoLogic hopes to eventually increase revenues from online poker to about 10 per cent of its overall business this year, from about one per cent in 2002.
The Toronto company said Wednesday it had struck a deal with ukbetting PLC, a licensed on-line sports bet taker and the largest independent Internet sports content provider in the United Kingdom.
Financial terms of the deal were not disclosed.
Under the agreement, the British company will use the Internet poker and casino software licensed by a CryptoLogic subsidiary to target ukbetting's monthly user base of 3.5 million European sports fans.
CryptoLogic president Lewis Rose said the deal "is a great opportunity that continues CryptoLogic's positive momentum in the key growth areas of its business."
"Poker continues to be the big growth market on the Internet, and we are aggressively seizing this opportunity," Mr. Rose said.
CryptoLogic hopes to eventually increase revenues from online poker to about 10 per cent of its overall business this year, from about one per cent in 2002.
Post a Comment
Top Online Casino Choice
Aladdins Gold Casino

Steal The Magic Lamp | Help Aladdin steal the magic lamp by guessing the 6 letter password to the treasure chest and you could walk away with a huge cash prize.

Steal The Magic Lamp | Help Aladdin steal the magic lamp by guessing the 6 letter password to the treasure chest and you could walk away with a huge cash prize.
Bodog Casino

100% Casino Match Bonus | On your first chip purchase in the Bodog Casino, receive a 100% match bonus of up to £/€/$50, instantly

100% Casino Match Bonus | On your first chip purchase in the Bodog Casino, receive a 100% match bonus of up to £/€/$50, instantly
Share it
Latest News
- Two New Slots from Microgaming Join Red Flush Online Casino
Date: 12 February 2012 - World Poker Tour® Season X Premieres Sunday February 12th on Fox Sports Net®
Date: 10 February 2012 - Online Casino, Casino Online.co.pt, Announces New Website
Date: 10 February 2012 - Sale of Smaller Riverboat Complete in Lake Charles, Louisiana
Date: 10 February 2012 - PA Lottery: Feb. 11 Powerball Jackpot is $310 Million, Fifth Largest in Game History
Date: 10 February 2012 - PA Lottery: Feb. 11 Powerball Jackpot is $310 Million, Third Largest in Game History
Date: 10 February 2012 - Gamesys: Online Bingo Winner Gets Lucky With A Special Grand Prize!
Date: 10 February 2012 - Titan Casino Shows Players the Love with a Free EUR10 Valentine's Day Bonus
Date: 10 February 2012 - Senate Committee Hearing Focuses on Justice Department Internet Gambling Ruling
Date: 10 February 2012 - Sky Announce New Poker Game: Timed Tournaments
Date: 10 February 2012






Readers Comments
No comments have been submitted yet for this article.