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Technology Stocks : CRYP: Cryptologic, Inc.

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From: JakeStraw	7/27/2009 8:09:51 AM
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CryptoLogic Bags the Tote With Licensing Deal Britain's state-owned bookmaker signs up for at least six online slot games finance.yahoo.com Monday July 27, 2009, 2:00 am EDT DUBLIN, IRELAND--(Marketwire - 07/27/09) - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a global designer of branded online betting games and casino hosting software, has taken another major step towards profitability and growth by signing a multi-year agreement with totesport, the UK's state-owned and fourth largest bookmaker. Under the deal announced today, CryptoLogic has licensed at least six of its most popular branded and unbranded slot games for inclusion on its website totesport.com . These games have a proven track record of generating significant recurring monthly licensing revenues due to their rich content and compelling user experience. The company will derive revenues based on wagers placed by totesport's customers. The games are being deployed through Orbis Technology, a global platform solutions provider to the betting industry, and are expected to go live in the third quarter 2009.

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