Betfair To License CryptoLogic Slot Games - 04-30-09

April 30 - CryptoLogic Limited, a world leader in Internet casino and branded gaming software, has signed a multi-year agreement to provide at least 10 of its top branded and non-branded slot games to Betfair, the world's largest online betting community. The first five games will be available to Betfair's two million registered customers before the end of the second quarter, with the remaining games to follow in the third and fourth quarters of 2009.

The games will be made available to Betfair through Orbis Technology's Fixed Odds Games (FOG) platform. CryptoLogic announced a deal with Orbis in December 2008 as part of its successful strategy to expand its channels to the Internet gaming market.

"CryptoLogic's new relationship with Betfair is excellent proof of the potential of our ‘build once, license often' business strategy," said Brian Hadfield, CryptoLogic's President and CEO. "CryptoLogic's branded slot games are both popular and profitable, and today that leads yet another top global gaming brand to join CryptoLogic's growing list of customers."

Since pioneering the first successful online betting exchange in 2000, Betfair has grown to process more than six million transactions a day. Betfair enables its two million customers to choose their own odds and bet even after an event has started. The company's portfolio of innovative products includes casino games, exchange games and poker. Betfair is also highly accomplished in signature platform development and exchange technology, having launched three applications: Betfair Poker, Tradefair and Betfair Predicts.

Betfair has been very pleased with its partnership with Orbis, through which it has delivered the increasingly popular Betfairarcade.com and Quickplay games. The CryptoLogic products will sit online beside the 75 games already delivered in the Arcade. Over £7m is currently paid out to customers in winnings every week.

"Betfair is excited to make CryptoLogic's casino games available to our two million registered customers," said Albert Tapper Head of Arcade / XG. "Betfair is all about offering customers unprecedented choice, value and control, and CryptoLogic's market-leading slot games will add to that experience."

CryptoLogic and Betfair have worked together in the past, dating back to 2004 when Betfair launched www.betfairpoker.com using software licensed from CryptoLogic's subsidiary, WagerLogic Limited.

Betfair has twice been named the United Kingdom's "Company of the Year" by the Confederation of British Industry and remains the only betting companies to win two Queen's Award for Enterprise.

"This deal strengthens CryptoLogic's leadership in slot games, and illustrates why we're the partner of choice for so many of the world's largest gaming operators," said Justin Thouin, CryptoLogic's Vice President.

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