Online Casino Software CryptoLogic Announces Revenues Increase

Sunday August 12, 2007

High-profile gaming software developer CryptoLogic has announced impressive monetary collision for Q2 ending on June 30, 2007, which would obtain showed an operating profit of $2.5 million if not for the company's $4 million reorganisation costs thanks to articulation of the emigration of its center to Ireland and some non-recurring levy impacts.

The gambling software firm quite recorded revenue of $16.2 million and a disappointing attached-levy loss of $2.6 million, although the company's Leader and CEO, Javaid Aziz still remained assured about the company's outlook for the rest of 2007: "CryptoLogic took big steps this accommodation towards a return to aggrandizement and profitability - hide an accretion agency operating revenue, and a decrease influence operating costs," vocal Aziz.

"Since December, CryptoLogic has launched 11 new customer sites, and we obtain four added influence the pipeline - including two for Holland Casino, and one for World Poker Tour. Blot out the confidence of huge universal brands, good growth from our European base and encouraging progress in Asia, CryptoLogic's outlook improves every day."