Cryptologic - Online Casino Software Profile

Thursday July 27, 2006

2004 saw some exciting changes in the online casino industry. Mainly for one online casino software supplier named CryptoLogic. This leading software developer proclaimed its economic results for the last quarter of 2004 and the incomes were at an all time high. CryptoLogic's gambling software makes a lot of the best online casinos running on the net. The high company salary for 2004 is evidence that the software is popular and the online casinos that use the software are victorious. The forecast is that this online casino software supplier will see enlargement in the following year. Income for the year ended December 31, 2004 amplified by 44% to $63.7 million (2003: $44.2 million).

CryptoLogic is well recognized worldwide as a head in the online casino software business. These online casinos have a nice following international. In 2004, more than 60% of licensees' earnings came from worldwide players, up from over 55% in 2003 and 40% in 2002. The UK and Continental Europe stay the target and spotlight of the company, having grown to more than 30% and 20% respectively of licensees' overall income.

Lewis Rose, CryptoLogic's President and CEO, had this to note about the current financial achievement of the company: "`CryptoLogic continues to be the blue-chip e-gaming software company, with a winning hand in both the thriving online casino and poker markets. 2004 marked another year of revenue growth, profitability and cash generation for CryptoLogic. In 2005, we will continue to capitalize on our strong financial performance to invest for the future, build on our market strength and continue to drive profitable returns."

CryptoLogic makes all types of popular online casino games and lately it have been concentrating on the global online poker market. Improved competition capabilities, enlarged presence with brand name poker licensees have all added to a more than 165% increase in online poker fees in Q4 2004 over a year ago. Online poker accounted for over 20% of total Q4 profits, ahead of CryptoLogic's target of 15% for the year. It's out of guessing why this online casino software supplier is so keen to get in on some of the poker fever that is going around. Try our directory for great online casinos that use their software.