CryptoLogic Clinches New Licensing Deal with BetClic Everest Group Subsidiary
20 Junio 2012 - 8:00AM
Marketwired
CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP), an Amaya
Gaming Group company and a leading developer of online betting
games, announces that it has expanded its relationship with BetClic
Everest Group, one of the world leaders in online gaming, by
signing an additional multi-year deal with its Everest Gaming Ltd.
("Everest") subsidiary.
Under the terms of the new agreement Everest will launch a
minimum of eight of CryptoLogic's award winning casino slot games.
The first game went live in May and the remaining titles will be
launched during this year. These eight new games will be available
on all Everest brands, including the flagship brands
EverestCasino.com, ImperialCasino.com and Casinoelegance.com.
Ian Price, Vice President Operations at CryptoLogic, said: "This
expanded agreement strengthens our existing relationship with
BetClic Everest Group, and will enable millions of their players to
enjoy an even broader variety of CryptoLogic games. BetClic Everest
Group have been a successful licensee with CryptoLogic since
December 2009 and their desire to gain access to a wider range of
CryptoLogic's thrilling games once again illustrates the quality of
our content."
Etienne Leroy, Director of Casino at Everest, commented: "At
Everest, we pride ourselves on the variety of games we have on
offer to our customers, and we are therefore delighted to release
the additional CryptoLogic games on all our seven Casino brands. By
delivering value and entertainment for our online customers, it is
no surprise these games have proven popular on our sites thus far,
and we are pleased to be building on our relationship with
CryptoLogic for the future."
About CryptoLogic® (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a
leading developer and supplier of Internet gaming software. With
more than 300 games, CryptoLogic has one of the most comprehensive
casino suites on the Internet, with award-winning games featuring
some of the world's most famous action and entertainment
characters. The Company's licensees include many top Internet
gaming brands. CryptoLogic's leadership in regulatory compliance
makes it one of the few companies with gaming software certified to
strict standards similar to land-based gaming. The CryptoLogic
Group licenses gaming software and services to blue-chip customers
that offer their games to non-US based players around the
world.
CryptoLogic's common shares trade on the Toronto Stock Exchange
(CRY, CXY) and the NASDAQ Global Select Market (CRYP). The Company
was acquired by Amaya Gaming Group Inc. of Canada in March
2012.
About Amaya Gaming Group
Founded in 2004, Amaya Gaming Group Inc. is a technology based
gaming provider for the regulated gaming industry. An expansive
global organization, present in North America, Latin America,
Europe, Africa and Asia, Amaya is an innovator in the gaming
world.
Headquartered in Montreal, Canada, Amaya provides a host of
services and solutions that range from: online and mobile gaming
casino games and platforms, traditional and mobile lotteries,
networked electronic gaming systems, hospitality in-room
entertainment systems, management systems, content suites, advisory
and management services, and integrity monitoring and auditing
systems for the regulated gaming markets. For more information
please visit www.amayagaming.com or www.amayaonline.com.
About BetClic Everest Group
BetClic Everest Group, one of the world leaders in online
gaming, has a unique portfolio comprising of four diverse and
complementary international brands: Everest Gaming, BetClic,
bet-at-home.com and Expekt. Led by Ignacio Martos, BetClic Everest
Group is owned equally by Lov Group and La Societe des Bains de
Mer. The Group operates a broad on-line gaming offer: sports and
horse-race betting, poker, casino and bingo. This is backed up by
customer service facilities which are available in 25 languages.
Active in 100 countries with more than 12 million customers
worldwide, the Group boasts more than 1,000 employees spread over
25 countries. BetClic Everest Group is committed to promoting
secure and responsible gaming and is a member of several
international professional associations including the EGBA
(European Gaming and Betting Association) and the ESSA (European
Sports Security Association).
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
This press release contains forward-looking statements within
the meaning of applicable securities laws. Statements in this press
release, which are not historical are forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The words "believe",
"expect", "anticipate", "estimate", "intend", "may", "will",
"would" and similar expressions and the negative of such
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Forward-looking statements are based on certain
factors and assumptions including expected growth, results of
operations, performance, business prospects and opportunities,
foreign exchange rates and effective income tax rates. While the
Company considers these factors and assumptions to be reasonable
based on information currently available, they may prove to be
incorrect. Forward-looking statements involve known and unknown
risks and uncertainties that may cause actual results, performance
or achievements of the Company to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Risks related to
forward-looking statements include, without limitation, risks
associated with the Company's financial condition, prospects and
opportunities, legal risks associated with Internet gaming and
risks of governmental legislation and regulation, risks associated
with market acceptance and technological changes, risks associated
with dependence on licensees and key licensees, risks relating to
international operations and risks associated with competition.
Additional risks and uncertainties can be found in the Company's
Form 20-F for the fiscal year ended December 31, 2011 under the
heading "Item 3 - Key Information - Risk Factors" and in the
Company's other filings with the US Securities and Exchange
Commission and Canadian provincial securities commissions. Given
these risks and uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements. Forward-looking
statements are given only as at the date of this release and the
Company disclaims any obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by
law.
Contacts: CryptoLogic Limited Ian Price VP Operations +44 (0)
207 616 1947 For Amaya Gaming Group Inc. Equicom Jeff Codispodi +1
(416) 815-0700 ext. 261 Luther Pendragon Neil Thapar, Alexis Gore
+44 (0) 207 618 9100
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