Casino News
Cryptologic records 71 per cent increase in profits, to provide software for Playboy
Cryptologic, the leading online gaming software provider announced last week that it had a record 71% increase in its profits in the last quarter. The software company has beaten all of its previous performance records by making a huge profit of about $7.7 million in the last quarter. The increase in the profits can be attributed to the company’s good and string relationship with its big old customers like Intercasino etc. The company also bagged a deal from the adult entertainment giant Playboy. According to the deal, Playboy would be using the online gaming software from Cryptologic for its online casino that will be launched soon.
“Our excellent results progressive dividend records and positive business momentum are testaments to our disciplined business strategy and our commitment to enhancing shareholder value. Our focus on geographic and product diversification has enabled us to capitalize on some of the most profitable gaming markets”, said the CEO of Cryptologic, Mr. Lewis Rose.
The online gaming casino, Intercasino had also recently announced that it would continue its long association with Cryptologic by entering in to an agreement to use the latter’s software till 2012.
“Our focus on geographic and product diversification has enabled us
to capitalize on some of the most profitable gaming markets”, added
Mr. Rose.