Casino News

CryptoLogic earnings reflecting investment

2007-05-11 17:24:12

CryptoLogic has unveiled its financial results for the first three months of 2007, and emphasised its commitment to new projects as the year progresses.

The software provider reported revenue of $19.6 million and earnings of $1.5 million, during a quarter which saw the company sign a number of deals and move its offices to Ireland.

That relocation of CryptoLogic's global headquarters cost $1.4 million, and officials were eager to emphasise the value of its investments and projects for the coming months.

"At CryptoLogic , the first quarter was about investing in the future, and charting a course for global growth," "We've launched five new customer sites since December, and have seven more in the queue - including two for Holland Casino, and two for World Poker Tour," said CrytoLogic president and chief executive Javaid Aziz.

"With our largest customers on long-term agreements, and modest revenue expected this year from our Asian venture, CryptoLogic is poised for long-term growth in the European markets of today - and the Asian markets of tomorrow," Mr Aziz added.

Existing CryptoLogic sites include the likes of InterPoker.com and PlayboyGaming.com.



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