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Top Online Casinos software provider extends agreements, leads marketplace

 According to a recent press release covering new business news in the internet gambling industry, it is clear that Cryptologic continues to be the top software provider to online casinos and is the leading software developer to the global online casinos market. It has recently announced a new deal with online casinos and has extended its current commercial terms with its largest licensee and one of the world’s first and largest online casinos. The top online casinos choose the software firm because of its management philosophy “return on effort,” as well as its online casinos industry experience in the booming $12 billion dollar a year industry. There are many internet gambling firms that see their names in the business pages, as stocks are traded publicly and recent regulation measures and controversies surrounding regulation have seen the US Congress and World Trade Organization also play a part in internet gambling bills and proceedings. However, in regards to graphics and the industry, the software company made deals with online casinos to continue providing services until at least the beginning of January 2012. The online casinos industry is very competitive, and to sort through the thousands of online casinos, consumers look for the online casinos that combine top graphics, with great promotions, and great variety.

The software company provides these online casinos with that and more. Nevertheless, the firm also lost a relationship with a few online casinos but the decision will have no material impact on the company’s financial results since those online casinos account for less than two percent of the firm’s revenue. "By reaffirming a long term relationship with our largest customer, we are following CryptoLogic's guiding principle of achieving the highest "ROE" - what we call "return on effort" - from our customers, products and projects," said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's ROE strategy has seen us refine our licensee base since 2003, and the result has been record performance with revenue and earnings growing 95% and 117% respectively during that same period. We aim to continue to deepen our relationships with our major customers, while continuing active discussions with select new prospects that will enhance our roster of blue-chip global gaming and entertainment brands."  CryptoLogic is scheduled to release its 2006 first quarter results on Wednesday, May 10, 2006. The company's guidance remains unchanged. The software firm provides solutions for online casinos and is a world leading, blue-chip public developer and supplier of Internet gaming software. 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. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of the company's gaming software and services to a blue-chip customer base worldwide. It’s common shares trade on the Toronto Stock Exchange (symbol: CRY), on the NASDAQ National Market (symbol: CRYP), and on the Main Market of the London Stock Exchange (symbol: CRP).

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