Casino News
Cryptologic to cotinue its contract with OIGE
One of the biggest online casino software vendors in the world, Cryptologic
recently announced its plans to continue its agreement with its biggest customer,
Overseas Internet Gaming Entertainment NV (OIGE). The company owns two of
the world’s most famous online gaming website i.e. Intercasino.com and
Interpoker.com. The deal is a result of the excellent relationship that the
two companies have been sharing since the last few years. The deal gives the
opportunity to OIGE to use Cryptologic’s online gaming software until
January 2012. The royalty agreements between the two would remain the same.
"By reaffirming a long term relationship with our largest customer, we
are following CryptoLogic's guiding principle of achieving the highest "ROE"
- what we call return on effort from our customers, products and projects.
We aim to continue to deepen our relationships with our major customers, while
continuing active discussions with select new prospects that will enhance
our roster of blue-chip global gaming and entertainment brands", said
Lewis Rose, the President and CEO of Cryptologic.
In another announcement, Cryptologic announced that it is likely to lose its
contract with Ritz Club London, an associate of a very famous land based casino
in UK. The company would end its contract with Ritz Club London in or before
October this year. Representatives of the company said that losing the contract
would not have an adverse effect on the company’s financials as Ritz
accounted to only a small part of its revenues .