CryptoLogic - a winning hand in Online casinos and Poker
14 March 2005
CryptoLogic, one of the leading online casino software providers, operating a wide range of superb online casinos on the web, released financial records for the previous year. According to the publicized high figures, the company’s popularity is warranted and online casinos using this software are blossoming with success.
In 2004, the percentage of proceeds yielded from international player gambling exceeded by far the previous years totaling to 60%, whereas in 2003 it reached 55% and in 2002 40%. The primary zone to which the company’s gazes are directed remains to be the UK and Continental Europe. The future seems to be brighter than ever for CryptoLogic and the upcoming year holds many promises for even greater surge in usage of this online casino software.
The financial success of CryptoLogic according to Lewis Rose, the President and CEO of the online software company may be addressed to its capacity to overpass two huge online markets of online casinos and poker. While the later one received a special attention in 2004 by enhanced tournaments and licensees fortifying the brand poker name, pushing the fees to climb up to 165%.
Source: Online Casinos News Staff
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