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Cryptologic Revenues Up as New Business Grows

Revenue Up 3.4 Percent Year-On-Year Despite Traditionally Slow Period


Cryptologic, the online gaming software provider, today posted its second quarter 2008 results, which showed modest growth of 3.4 percent to $16.8 million over the same period in 2007.

The company signed up five new customers between Apr. and Jun. 2008 and said casino was the main driver of its increased business, although it noted the massive popularity of the Euro 2008 football championships reduced traffic on licensees’ Internet casino and poker sites.

In business developments, the company said it had become the sole provider of Internet casino and poker software to Betjacks, which would target the Irish, UK, South African, and Canadian markets following its launch this autumn.

It also announced it had signed three-year deals with Sky Betting and Gaming and Gaming Media Group, which owns The Poker Channel.

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