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Technology Stocks : CRYP: Cryptologic, Inc.

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From: JakeStraw	10/14/2009 9:03:48 AM
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CryptoLogic's Innovative Betting Games Chosen by Rank Interactive finance.yahoo.com One of the UK's largest interactive betting operators signs multi-year deal to license at least 10 of CryptoLogic's top games Wednesday October 14, 2009 DUBLIN, IRELAND--(Marketwire - 10/14/09) - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a global developer of branded online betting games and Internet casino software, has signed a multi-year agreement to license a suite of compelling online betting games to Rank Interactive, a division of Rank Group Plc, a leading European gaming business listed on the London Stock Exchange. CryptoLogic will provide at least 10 of its most popular branded and unbranded slot games for inclusion on Rank Interactive's websites, including bluesq.com, meccabingo.com, and gcasino.com. Two games are already live with more scheduled to go live throughout the fourth quarter and further roll-outs scheduled for the first half of 2010. The games are being deployed through Orbis Technology, a global platform solutions provider to the betting industry, and will provide CryptoLogic with recurring revenue based on wagers placed by Rank Interactive's customers. The deal takes the total number of CryptoLogic licensees to 28.

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