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Online Casino News - August, 2008

Cryptologic Secures Major Casino Software Contracts

 

 

  Seed Newsvine

by Elizabeth Nguyen, News Staff Writer

August 8, 2008

One of the fastest growing forms of remote wagering is none other than through the technology of interactive digital television service. And it's been the top online casino software developers, who are broadening their technology to embrace this lucrative sector of the gaming industry. In the UK, where interactive television gaming is boding well with bettors, Dublin-based Cryptologic has been busy establishing a stronger presence in the world of digital television of late.

Cryptologic recently made gaming headlines after securing two major contracts this week. One of the two deals was made with one of the UK's top television network's, BSkyB plc, whose Betting and Gaming division will soon be offering non-downloadable online casino games powered by Cryptologic on BSkyB's accompanying  gaming website, SkyVegas.com (by early 2009 to be exact).

The second of Cryptologic's major casino software contracts was made with Carmen Media, who owns the largest dedicated online gambling channel in Europe - Poker Channel. Carmen Media also owns a large network of eCOGRA approved online casinos, including OCS reviewed Jackpot City Casino. Their poker site, PokerHeaven.com will actually be on the receiving end of the Cryptologic deal, for PokerHeaven's entire software platform will move offer from Sweden-based Boss Media to the Wagerlogic platform.

Carmen Media's CEO, Crispin Nieboer, expressed mutual pleasure in securing the deal with the software pioneer Cryptologic, who has no doubt become a household name in the European facing internet gambling scene. Carmen Media is itself making a concerted effort to expand their European presence in one of the most liberalized (meaning strictly regulated) online gambling jurisdictions in the world.

Even with a sluggish second quarter for 2008 (the results of which were also released this week), Cryptologic remains confident and hopeful about the future. Despite a seasonally slow period and the distractions of the Euro2008 football championship, the company still managed to grow revenue  for the second quarter compared to 2008. This was most likely due to their expanded presence in the European betting scene.


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