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Casinos> 2010
- Real Casinos News Archive> CryptoLogic Licenses at Least 10 of Its Innovative
Betting Games to Bet24
Deal further expands company's presence in the Scandinavian market
DUBLIN, IRELAND, Jan 25, 2010 (MARKETWIRE via COMTEX) -- CryptoLogic
Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a global developer
of branded online betting games and Internet casino software, has
signed an agreement to license at least 10 of its most popular online
betting games to Bet24, a Scandinavian online gaming company owned
by Modern Times Group MTG AB (MTG), a leading international entertainment
broadcasting group with the second largest geographical broadcast
footprint in Europe.
The agreement covers some of CryptoLogic's top branded and non-branded
slot games and will provide CryptoLogic with recurring revenues
based on wagers placed by Bet24's customers. Two games are already
live on www.bet24.com, with the complete roll-out of the full 10-game
suite scheduled to launch through the year. The games will be made
available through Gaming Technology Solutions plc, which provides
the platform for many of the world's largest Internet gaming sites.
Justin Thouin, CryptoLogic's Vice President, said: "Bet24
is our first new licensee of 2010 and builds on the strong momentum
of new customers gained by CryptoLogic in 2009. With a growing roster
of leading online gaming operators, CryptoLogic continues to increase
its reach across the global player community with its compelling
branded gaming content."
Bet24 was founded in 2001 and since 2005 is part of MTG. Bet24
offers gaming entertainment including exciting odds on international
as well as local sports events, Casino, Poker, Games, Bingo and
Lotto in 15 different languages on www.bet24.com. Bet24 has active
clients in more than 70 countries enjoying the full array of gaming
services.
Kim Larsen, Casino and Games Manager of Bet24, said: "The
agreement with CryptoLogic is in line with our strategy of providing
our customers with the best gaming entertainment products available
in the market. We are delighted to offer their games to our customers
and look forward to working with CryptoLogic to expand our business
and enhance user experience."
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