October 8 - Kurastica does
business in the Commonwealth of Independent States (CIS). Under the multi-year
multi-million dollar deal, the company will begin offering CryptoLogic's
award-winning Internet casino software, through a number of channels, to players
beginning in the first quarter of 2009.
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"One of CryptoLogic's goals is to expand into new markets, where we can bring
players the best global gaming software - tailored to specific needs," said
Brian Hadfield, CryptoLogic's President and CEO. "With a deep-rooted gaming
culture, vast population and fast-growing Internet economy, the CIS is a very
promising market. And with a seasoned local partner, CryptoLogic will bring
players a truly exceptional entertainment experience."
Kurastica's parent company had established successful gaming businesses in
Russia, the Ukraine, Kazakhstan, Armenia, Georgia, Belorussia and other
countries. Their management and staff include experienced professionals from
gaming clubs and casinos, as well as creative experts in the Internet casino
space.
With more than 200 games, CryptoLogic has one of the most comprehensive
casino suites on the Internet today, earning rave reviews from industry peers
and players alike. In February 2008, CryptoLogic earned Gambling Online
Magazine's Top Casino Software award for the third consecutive year. Based on
the votes of players around the world, it is widely considered the industry's
top honour.
"This breakthrough into the CIS is another clear demonstration of our success
in adapting CryptoLogic's software for different customers, different players
and different markets," added Justin Thouin, CryptoLogic's Vice President of
Product Management and Business Development.
About CryptoLogic
Focused on integrity and innovation, CryptoLogic Limited is a world-leading,
blue-chip public developer and supplier of Internet gaming software. Its
leadership in regulatory compliance makes it one of the very few companies with
gaming software that is certified to strict standards similar to land-based
gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is
responsible for the licensing of its gaming software and services to blue-chip
customers who offer their games around the world to non-U.S. based players.
CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY),
the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock
Exchange (CRP).
Click here for a list of
Cryptologic casinos.
(Due to Cryptologic's legal position, none of their online casinos allow US
real money players)
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