In a move announced on Tuesday, the Peak Group Malta, the parent company of Sun Poker, announced that its online poker site, along with Omni Casino and CSCasino.com, will be moving to Playtech's iPoker Network effective in the middle of December. Read more »
Internet gaming software leader CryptoLogic Limited announced its financial results for the three months ending September 30, 2008. The company posted a net loss of $5.9 million, including a foreign exchange of $4.2 million, leading to a new strategic poker partnership with GTECH Corporation. Read more »
In a press release posted on Marketwire this morning, it was revealed that the online poker clients of the CryptoLogic Network will merge with Boss Media in the beginning of the 2009 calendar year. Sites on the CryptoLogic Network include Sun Poker, Playboy Poker, Interpoker, Classic Poker, Betsafe Poker, and William Hill. Read more »
According to a report published this week by the Reuters news agency, which cited a report in the Financial Times as its source, PartyGaming, the parent company of popular online poker room Party Poker, may enter into a partnership with Cryptologic to "increase liquidity while reducing expenses substantially." Read more »
In a trading update for the third quarter issued by software developer and licenser CryptoLogic on Monday morning, the company announced that it expected to see an operating loss for the third quarter of $1.0 to $1.5 million. The company also stated that it expects to take a foreign exchange loss of $3.6 million. Read more »
Leading gaming software provider Cryptologic has joined global fraud-fighting community Ethoca in a bid to make online gaming safer for all. Read more »
Investors of the gaming software company CryptoLogic took a major hit on the London Stock Exchange last week, as shares sunk by 10% on Thursday alone after the market digested a report stating that revenue during the second quarter would fall short of expectations. The company attributed the downturn in revenue to the "seasonality and the effect of the Euro 2008 football championships," which wrapped up in June. CryptoLogic also claimed that "its success in signing five new customers in the second quarter enhances its outlook for the second half of 2008." The stock rebounded 4.16% on Friday, erasing some of the losses. Read more »
Leading Scandinavian gaming operator Betsafe joined Cryptologic's large poker network in January 2007 with Betsafe Poker. 18 months later, both companies have found a way to seamlessly merge wallets, so that Betsafe players can now use the same bankroll for poker, casino and sports betting. Read more »
Online gaming software developer, Cryptologic, announced last week that it has signed a contract to be the exclusive software provider for BetJacks.com, a new Irish online gaming site. The site will initially target customers in Ireland, UK, South Africa, and Canada. BetJacks claims to be Ireland's first dedicated online gaming and betting platform. Read more »
