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CryptoLogic Limited Message Board

  • zum2004 zum2004 Oct 23, 2006 6:15 AM Flag

    New Customer - Betsafe

    How big is Betsafe?


    CryptoLogic Software a Safe Bet for Betsafe


    06:00 EDT Monday, October 23, 2006

    Leading Scandinavian gaming site becomes CryptoLogic's newest customer

    TORONTO, ONTARIO--(CCNMatthews - Oct. 23, 2006) - CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming industry, today announced an exclusive three-year contract with Betsafe, one of the fastest-growing poker sites in Scandinavia. The agreement, made through CryptoLogic's wholly-owned subsidiary WagerLogic Limited, will introduce CryptoLogic's proven poker software to Betsafe players later this year.

    "For poker licensees, size matters. Thanks to a five-year focus on international markets, CryptoLogic's software now powers the world's largest shared poker network that excludes US players," said Lewis Rose, CryptoLogic's President and CEO. "Our size advantage, plus our adherence to strict regulatory standards will give Betsafe-and its players-a profitable, safe home online. Betsafe's established, rapidly growing player base and reputation for safe, secure gaming fit perfectly with CryptoLogic's focus on the world's blue-chip gaming brands."

    CryptoLogic's reputation and market-leading strength in Betsafe's core European markets were key factors in Betsafe's decision.

    "When we decided to expand our poker room, we knew we wanted a trusted software provider with a reputation for liquidity, stability, quality and integrity. CryptoLogic offered all this - and more," said Andre Lavold, Betsafe's CEO. "CryptoLogic's suite of innovative, exclusive games will bring new excitement to our poker players across Europe and beyond."

    Through WagerLogic, Betsafe's players have access to the world's largest shared poker network that excludes the US market, enabling them to find a game at the level and stake they want, in the currency they want, when they want. Players can also take advantage of some of the Internet's most popular online games. These include the new Hold'Em Blackjack(TM), a game created exclusively for CryptoLogic licensees, which combines the intensity of poker with the simplicity of blackjack.

    "The addition of Betsafe to our select roster of blue-chip licensees enhances our focus on Europe," said A.J. Slivinski, WagerLogic's Managing Director. "We're very excited to provide our software and services to Betsafe, and look forward to a long relationship."

    Betsafe.com joins licensees including williamhillpoker.com, interpoker.com, sunpoker.com, pokerplex.com, classicpoker.com, ukbettingpoker.co.uk, littlewoodspoker.com, and a soon-to-be launched Playboy site. CryptoLogic's strategy to strengthen its leadership in Internet poker involves investing in strong partnerships with trusted, brand name licensees, and in product development and system scalability.

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    • today's closing price seems to indicate that everyone is waiting for the WH's announcement - the investors want some clarity.


      Zum

    • Well something interesting will for sure happen now CRYP the biggest in Europe, where online gambling soon legal all over.

      CRYP was very smart fucuse on Europe 2 years before others did.

      CRYP IS A MONEY MACHINE and best of all the biggest now!

      Will also be interesting with Asia marked its a huge marked waiting.

      I bet we will also see 2-3 new big Licensenses within next 3-6 months.

      Will be much more easy get big licenses now they the biggest in Europe.

      It looking real good future for CRYP!

      STRONG BUY

    • CRYPTO now bullseye for brick-mortrar US casino buyout for euro presence, harrah? mgm?

    • Well as we all know CRYP have say they ONLY want sign big licenses, Plus Lewis Rose just say:

      Lewis say in Pressrelease:

      CryptoLogic's software now powers the world's largest shared poker network that excludes US players," said Lewis Rose, CryptoLogic's President and CEO. "Our size advantage, plus our adherence to strict regulatory standards will give Betsafe-and its players-a profitable, safe home online. Betsafe's established, rapidly growing player base and reputation for safe, secure gaming fit perfectly with CryptoLogic's focus on the world's blue-chip gaming brands."

      So it's very clear they most be big

      Plus
      CRYP IS NOW THE BIGGEST IN EUROPE AND BIGGER THAN PARTYPOKER AND THAT WILL MAKE HUGE DIFFRENCE GETTING NEW LICENSE AND HAVEING THE BIGGEST POKER TOURNEMENTS

      STRONG STRONG BUY

    • ----- 5000

    • WOW THIS IS VERY VERY GOOD NEWS betsafe is BIG they have over 5000 players online in top hours.

      As i say before CRYP will now have much much more easy get big license because CRYP is now the biggest in Europe.

      They will now have 11000 online poker players in top hours compare to Partypoker 9000-10000 in top hours.

      Cryp is now the leader in Europe!

      STRONG STRONG BUY!

      • 1 Reply to invest879
      • CRYP will now be the biggest in Europe where online gambling is getting legal all over soon!!!

        CRYP will with the new betsafe license, be bigger than Partypoker but party enterprise value is now 25 bigger than CRYP.

        Just tells you how undervalued CRYP is right now and how much money one can make on CRYP in long run.

        CRYP IS NOW THE BIGGEST IN EUROPE WITH BETSAFE's OVER 5000 online poker players in top hours!!

        I think we might very posiple see CRYP ending up buying partypoker.

        Whats next betsafe orders CRYP casino now they getting poker!

        Like Playboy just did

        STROONG STRONG BUY

 

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