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Technology Stocks : CRYP: Cryptologic, Inc.

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From: JakeStraw9/9/2009 7:57:43 AM
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CryptoLogic Licenses Its Full Internet Casino Suite to Betsafe
finance.yahoo.com
Three-year deal to strengthen company's presence in the Scandinavian market

Wednesday September 9, 2009, 2:00 am EDT

Under the terms of the agreement, CryptoLogic becomes Betsafe's exclusive supplier of download casino software, which allows players to pre-install CryptoLogic's online casino to their PCs and thereby enjoy the full extent of its content-rich and interactive branded and proprietary games. In addition, CryptoLogic will also become a non-exclusive supplier of a full suite of instant play casino games, primarily aimed at casual players who do not wish to download games on their computers.

The games are expected to become available on Betsafe's website by the end of 2009 and will provide CryptoLogic with recurring revenue based on wagers placed by Betsafe's customers.
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