DUBLIN, IRELAND--(Marketwire - Aug. 8, 2008) - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, has announced a three-year casino licensing contract with Sky Betting & Gaming, part of BSkyB Group plc (BSkyB), the UK's leading entertainment brand. Under the agreement, made through CryptoLogic subsidiary WagerLogic Ltd., a selection of the e-gaming leader's top non-downloadable casino games will be available on SkyVegas.com by early 2009.

"In 2008, CryptoLogic committed to aggressively expanding its licensee base to drive profitability for the company, our customers and our shareholders," said Brian Hadfield, CryptoLogic's President and CEO. "This new deal, which will see our casino games made available on Sky Vegas, is a major step towards this goal. With CryptoLogic's innovative gaming products paired with the popularity of Sky Vegas, the sky's the limit."

Sky Betting & Gaming joins other top international gaming and entertainment brands that have chosen CryptoLogic-developed software, including InterCasino, and William Hill. As part of its expansion strategy, CryptoLogic has recently signed contracts with 888.com, and BetJacks - with further high-profile, successful operators in the pipeline and to come.

"As we looked to broaden our Internet casino offering, we knew we needed the best of the best; software that would engage our players with quality, creativity and integrity, said Richard Flint, Managing Director of Sky Betting and Gaming "CryptoLogic's reputation for innovation opened the door, and their commitment to execution made up our minds."

"For CryptoLogic and WagerLogic, partnering with a leading brand such as BSkyB is an excellent opportunity to enhance and broaden the player experience with our award-winning casino software in our core European market," added Antony Demetriades, WagerLogic's Managing Director.

CryptoLogic has one of the most comprehensive casino suites on the Internet today, including popular casual games such as Cubis and Bejeweled, as well as an industry leading suite of video slots with interactive and immersive bonus rounds.