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 extended its long-term relationship
with Ladbrokes PLC, a world-leader in the global betting and gaming
market, with a new multi-year deal to license a suite of its most
popular branded casino games.
Under the terms of the new agreement, Ladbrokes will launch at
least 10 of CryptoLogic's award winning casino games to join the
two games that went live under the previous deal. Four of the new
games are already live and available to play on the
Ladbrokesgames.com website with another six scheduled for launch
over the next few months.
Ian Price, Vice President Operations at CryptoLogic, said: "This
agreement further cements our excellent relationship with
Ladbrokes, a global leader in the gaming industry. The expanded
roll out of our games by Ladbrokes demonstrates both the popularity
of our games with their customers and the value we bring to our
licensees."
Ladbrokes employs over 14,000 people in Britain and over 16,000
in total. In addition to its extensive retail presence Ladbrokes
offers thousands of betting markets on a daily basis via the
Internet. Ladbrokes online betting and gaming facility, has
attracted nearly 800,000 active clients.
Richard Poole, Head of Casino & Games, at Ladbrokes eGaming,
commented: "We are delighted to be extending our agreement with
CryptoLogic. At Ladbrokes, we pride ourselves on delivering cutting
edge games to our customers and CryptoLogic's renowned and popular
games help us do that. We look forward to building on our strong
relationship in 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 Ladbrokes
The name Ladbrokes is synonymous with betting and gaming: the
hallmark of a premier brand. The Company, the origins of which date
back to 1886, employs over 14,000 people in Britain and over 16,000
in total. It is one of the world's leading betting and gaming
enterprises. Ladbrokes is a market leader in retail bookmaking in
the UK, Ireland, Belgium and Spain where it operates a combined
total of more than 2,700 betting shops. The Company also operates
betting facilities at eight FA Premiership grounds and nine
racecourses, including Ascot. In addition to its extensive retail
presence Ladbrokes offers thousands of betting markets on a daily
basis via the Internet, mobile Internet and telephone. The
telephone betting operation services 85,000 customers, while
Ladbrokes.com, the Company's online betting and gaming facility,
has attracted nearly 800,000 active clients. Betting is offered via
13 tailored sites in nine different languages; supporting 17
currencies. The site incorporates the highest levels of security,
which underwrite an integrated array of sports betting and gaming
services available 24 hours a day, 365 days of the year. Ladbrokes
is focused on building its digital capabilities to realise its
vision of becoming a fully e-enabled international betting and
gaming business.
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 www.cryptologic.com Amaya Gaming Group Inc. Jeff
Codispodi Equicom +1 (416) 815-0700 ext. 261 Luther Pendragon Neil
Thapar +44 (0) 207 618 9100 Luther Pendragon Alexis Gore +44 (0)
207 618 9100
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