December 31 - Online casino software provider Cryptologic, received a boost
from a popular and respected online market analyst, the Motley Fool, who suggested
that the stock would be one of the best performers of 2007...
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Cryptologic Casino |
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Cryptologic's share price took a jump last week after the announcement that
British bookmaker
William Hill
had
renewed its contract with Cryptologic and that the gambling giant will also
launch as Spanish poker site.
In addition the group announced three new licensees, namely Playboy poker, dtdpoker.com, playboy
and Betsafe, which will firmly establish the group as a major player in the
European online poker industry.
In addition to William Hill, Cryptologic licenses big brands like
Intercasino,
Sun Poker and
Caribbean Sands Casino.
Motley Fool backs up its positive outlook because of the fact that almost
$130 million of Cryptologic's $300 market cap is held in cash, and that there is
no debt on the balance sheet. The growth potential of the Asian online gaming
market should also strengthen the group's position.
Click here for a list of
Cryptologic powered online casinos.
(Note: Due to online gambling regulations, Cryptologic licensees do not
accept players resident in the USA.)
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