CryptoLogic Inc

CryptoLogic Inc

CryptoLogic Inc. (tsx|CRY) is a Dublin, Ireland-based software application service provider (formerly Toronto, Canada), one of the four largest in the industry along with Microgaming, Playtech, and Real Time Gaming.

CryptoLogic was founded by brothers Andrew and Mark Rivkin in 1995 from the basement of their parent's house. The brothers wanted to find a real life application for a secure online financial transaction system which they had developed.

Through a subsidiary company called "WagerLogic", the company handles the licensing of its gaming software, support services and payment processing, "ECash".

The company launched their first licensee, InterCasino, in 1996. Since that launch the company has made deals for several other online casino and online poker rooms, including one with William Hill plc, a leading bookmaker in the UK and the first land based operator to go online with a casino. A deal with Littlewoods Gaming led to the gaming software being certified in the Isle of Man in 2002 and Ritz Club certified by the Alderney Gambling Control Commission in 2004.

In addition to the casino and poker products, CryptoLogic also now offers online bingo software.

Cryptologic listed on the Toronto Stock Exchange (CRY) in 1998 and on the NASDAQ (CRYP) in 2000. In 2003 the company began trading on the London Stock Exchange (CRP) before achieving gaming software certification in Alderney.

The Playboy brand launched casino and poker products on Playboygaming.com using Cryptologic software in early 2007. [ [http://www.fool.com/investing/small-cap/2007/01/08/a-stock-with-great-prospects.aspx Motley Fool: A Stock With Great Prospects] ]

World Poker Tour Enterprises (WPTE) also joined the CryptoLogic network in 2007, offering both casino and poker products.

Notes

External links

* [http://www.cryptologic.com/ CryptoLogic Site]


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