Cryptologic Games Ordered – November 6th, 2009

Internet gambling software provider Cryptologic and the major European-facing online gambling group Unibet have signed a multi-year deal that will see a top Cryptologic online slot going live this week, at least six more games carried by the end of 2009, and a further three in 2010.

Unibet’s online activities attract 3.6 million players to its popular websites. The CryptoLogic games have been made available to Unibet through Gaming Technology Solutions plc (GTS), which provides the platform for many of the world’s largest Internet gaming sites. Cryptologic will earn recurring revenue based on a share of wagers placed by players.

The deal takes the total number of licensees signed by the company to 29. “When we signed our strategic partnership with GTS, Cryptologic gained a powerful new channel to take our games to the many top gaming sites that run on GTS technology,” said Brian Hadfield, Cryptologic’s President and CEO. “Unibet is one of the best of the best, with more than 3.6 million customers in more than 100 countries.

The revenue potential for Cryptologic is significant as so many new players can now experience our extraordinary e-gaming innovation.” Unibet is one of the largest operators in the European market, offering sports betting, live betting, casino, poker, lotteries, bingo and soft games through its website, Unibet.com.

Petter Nylander, CEO of Unibet said: “Unibet’s players demand excitement, and Cryptologic has some of the most dynamic and best-branded games in the business. Our customers will love the exceptional e-gaming experience Cryptologic delivers. Player satisfaction is what is most important to us, and that is what makes this deal so satisfying.”