CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP), an Amaya
Gaming Group company and a leading developer of online betting
games, announces that it has signed a new two-year agreement to
license its suite of Internet casino games to Betsson Malta Ltd
(Betsson), a leading European e-gaming operator listed on OMX
Stockholm.
The agreement expands on an existing relationship between the
two companies. Under the new deal, Betsson, which has a total
active player base of more than 400,000 players across 10 gaming
websites, will have access to a portfolio of more than 100 of
CryptoLogic's most popular casino games through CryptoLogic's
Instant Click platform. These games include award-winning branded
and unbranded video slots and full complement of table games such
as European Blackjack, European Roulette and Video Poker. Betsson
will also have the right to launch any new content released by
CryptoLogic going forward.
Betsafe.com is the first of Betsson's 10 online gaming websites
to go live with more than 70 of CryptoLogic's games already
available to its players following a rapid integration completed in
May 2012. The expanded agreement will also enable Betsson to deploy
CryptoLogic's games across its remaining nine sites with a
scheduled rollout in the second half of 2012.
Instant Click enables rapid deployment of a range of titles from
CryptoLogic's complete suite of more than 300 online games, by
online operators and technology providers on their own e-gaming
infrastructure and electronic cashier systems.
Ian Price, Vice President of Operations, CryptoLogic, said: "We
are pleased to expand our agreement with Betsson. This deal further
validates the quality of our games and their popularity amongst our
licensees' customers."
With a broad subscriber base in more than 18 countries, Betsson
offers a wide range of popular online gambling products and games
in a safe and user-friendly gaming environment. Its product
portfolio currently includes Sportsbook, Casino, Poker, Games,
Scratchcards and Bingo.
Rudi Thomassen, Head of Games of Chance at Betsson, commented:
"CryptoLogic's games have proven very popular with our customers
and we are delighted to extend our agreement with them. With more
of CryptoLogic's entertaining games on our sites it will help
Betsson to continue to deliver the very best online gaming
content."
About CryptoLogic® (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a
leading 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 top Internet
gaming brands. CryptoLogic's leadership in regulatory compliance
makes it one of the few companies with gaming software certified to
strict standards similar to land-based gaming. The CryptoLogic
Group licenses gaming software and services to blue-chip customers
that offer their games to non-US based players around the
world.
CryptoLogic's common shares trade on the Toronto Stock Exchange
(CRY, CXY) and the NASDAQ Global Select Market (CRYP). The Company
was acquired by Amaya Gaming Group of Canada in March 2012.
About Amaya Gaming Group
Founded in 2004, Amaya Gaming Group Inc. is a technology based
gaming provider for the regulated gaming industry. An expansive
global organization, present in North America, Latin America,
Europe, Africa and Asia, Amaya is an innovator in the gaming
world.
Headquartered in Montreal, Canada, Amaya provides a host of
services and solutions that range from: online and mobile gaming
casino games and platforms, traditional and mobile lotteries,
networked electronic gaming systems, hospitality in-room
entertainment systems, management systems, content suites, advisory
and management services, and integrity monitoring and auditing
systems for the regulated gaming markets. For more information
please visit www.amayagaming.com or www.amayaonline.com.
About Betsson
Betsson offers a wide range of first-class online gambling
products and games in a safe and user-friendly gaming environment.
Betsson's product portfolio currently includes: Sportsbook, Casino,
Poker, Games, Scratchcards and Bingo, are operated by Betsson Malta
Limited, a company in the Betsson Group, under a licence granted by
the Malta's Lotteries and Gaming Authority under the Remote Gaming
Regulations (LN 176/2004). Betsson Poker is operated by Betsson
Malta Limited and powered by Ongame Network Ltd, which has a
network license issued by the Gibraltar Government.
The site www.betsson.com is wholly owned and operated by Betsson
Malta Ltd.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
This press release contains forward-looking statements within
the meaning of applicable securities laws. Statements in this press
release, which are not historical are forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The words "believe",
"expect", "anticipate", "estimate", "intend", "may", "will",
"would" and similar expressions and the negative of such
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Forward-looking statements are based on certain
factors and assumptions including expected growth, results of
operations, performance, business prospects and opportunities,
foreign exchange rates and effective income tax rates. While the
company considers these factors and assumptions to be reasonable
based on information currently available, they may prove to be
incorrect. Forward-looking statements involve known and unknown
risks and uncertainties that may cause actual results, performance
or achievements of the company to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Risks related to
forward-looking statements include, without limitation, risks
associated with the company's financial condition, prospects and
opportunities, legal risks associated with Internet gaming and
risks of governmental legislation and regulation, risks associated
with market acceptance and technological changes, risks associated
with dependence on licensees and key licensees, risks relating to
international operations and risks associated with competition.
Additional risks and uncertainties can be found in the company's
Form 20-F for the fiscal year ended December 31, 2011 under the
heading "Item 3 - Key Information - Risk Factors" and in the
company's other filings with the US Securities and Exchange
Commission and Canadian provincial securities commissions. Given
these risks and uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements. Forward-looking
statements are given only as at the date of this release and the
company disclaims any obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by
law.
Contacts: CryptoLogic Limited Ian Price VP Operations +44 (0)
207 616 1947 For Amaya Gaming Group Inc. Jeff Codispodi Equicom +1
(416) 815-0700 ext. 261 Luther Pendragon Neil Thapar, Alexis Gore
+44 (0) 207 618 9100
Cryptologic Limited (MM) (NASDAQ:CRYP)
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Cryptologic Limited (MM) (NASDAQ:CRYP)
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