One of Europe's largest operators launches CryptoLogic games in multi-year deal
DUBLIN, IRELAND, Nov. 2, 2009 (Marketwire) --
DUBLIN, IRELAND -- (Marketwire) -- 11/02/09 -- CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a global developer of branded online betting games and Internet casino software, announced today that one of its top-performing slot games is now live on Unibet.com, one of Europe's largest online gaming sites. As part of a multi-year deal, Unibet Group plc will launch at least six more games by the end of the year and at least a further three in early 2010, reaching an audience of more than 3.6 million players.
The CryptoLogic games have been made available to Unibet through Gaming Technology Solutions plc (GTS), which provides the platform for many of the world's largest Internet gaming sites. CryptoLogic will earn recurring revenue based on a share of wagers placed by players. The deal takes the total number of licensees signed by the company to 29.
"When we signed our strategic partnership with GTS, CryptoLogic gained a powerful new channel to take our games to the many top gaming sites that run on GTS technology," said Brian Hadfield, CryptoLogic's President and CEO. "Unibet is one of the best of the best, with more than 3.6 million customers in more than 100 countries. The revenue potential for CryptoLogic is significant as so many new players can now experience our extraordinary e-gaming innovation."
Unibet is one of the largest operators in the European market, offering sports betting, live betting, casino, poker, lotteries, bingo and soft games through its website, www.unibet.com. For the second time in three years, eGaming Review named Unibet the "European Sportsbetting Operator of the Year" in 2008.
"Unibet's players demand excitement, and CryptoLogic has some of the most dynamic and best-branded games in the business," said Petter Nylander, CEO of Unibet. "Our customers will love the exceptional e-gaming experience CryptoLogic delivers. Player satisfaction is what is most important to us, and that is what makes this deal so satisfying."
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 of the Internet's top gaming brands, including the "big four" international operators. 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.