CryptoLogic Innovative Betting Games Chosen by Rank Interactive

Wednesday October 14, 2009

CryptoLogic, a global developer of branded online betting games and casino software, has signed a multi-year agreement to license a suite of compelling online betting games to Rank Interactive, a division of Rank Group Plc, a leading European gaming business listed on the London Stock Exchange.

CryptoLogic will provide at least 10 of its most popular branded and unbranded slot games for inclusion on Rank Interactive's websites, including Blue Square Sportsbook, Mecca Bingo, and GCasino. Two games are already live with more scheduled to go live throughout the fourth quarter and further roll-outs scheduled for the first half of 2010.

The games are being deployed through Orbis Technology, a global platform solutions provider to the betting industry, and will provide CryptoLogic with recurring revenue based on wagers placed by Rank Interactive's customers.

The deal takes the total number of CryptoLogic licensees to 28.

Justin Thouin, Vice-President of CryptoLogic, said: "Demand for our games remains strong as illustrated by this agreement with Rank Interactive, a well respected UK brand. With each new licensee, we open up a new recurring revenue stream that will improve our profitability and long term growth prospects."

Angus Nisbet, Gaming Director at Rank Interactive, commented: "At Rank Interactive we have been looking to build on our success and expand our increasingly popular games offering. By striking this deal with CryptoLogic our customers are gaining access to the very best and most innovative betting games on the market, enhancing our relationship and revenue prospects going forward."