Toronto -- CryptoLogic Inc., a leading software supplier to the Internet gaming and e-commerce industries, is pleased to announce the following licensee- and product-related developments:
Ritz Interactive Chooses CryptoLogic Software;
Dukes Entertainment Chooses CryptoLogic Software And Enters Into
Preferred
Advertising Agreement With FreeLotto;
Sports.com Casino Goes
Live;
Littlewoodscasino.com To Go Live In May; and,
New CryptoLogic Bingo Product To Go Live In May.
"CryptoLogic's strategy is to drive profitable growth by
focusing on brand-name licensees operating in Tier-one regulated jurisdictions.
Right now, this means Europe," said Jean Noelting, CryptoLogic's President
and CEO, "and the signing of Ritz Interactive and Dukes Entertainment, the
launch of Sports.com and the pending launch of Littlewoodscasino.com are prime
examples of this strategy in action. As a result, we expect to return to growth
in the second half of the year."
"Our goal is for 50% of licensee revenue to be generated in
non-U.S. markets by the end of 2002 through a combination of organic growth and
the addition of four top-tier licensees," Noelting said. "I'm very
pleased that, within the first half of the year, an already solid base of
licensees has been further strengthened through the addition of three
highly-regarded organizations which we expect will very quickly make an impact
on the European Internet gaming marketplace."
Ritz Interactive Chooses CryptoLogic Software
Ritz Interactive Ltd. has chosen CryptoLogic software to bring
The Ritz Club, one of the world's most exclusive privately-owned gaming clubs,
on-line.
An exclusive members-only club located in London's historic Ritz
Hotel, The Ritz Club appeals to the true connoisseur of luxury and elegance.
The Ritz Club's online casino will carry the same cachet, and a highly
customized slate of games will mirror those offered to members in the London
casino. Roulette, blackjack, punto banco and casino stud poker will all be
available any time, online.
Ritz Interactive, a wholly owned subsidiary of The Ritz Club Joker123
established to pursue online, wireless and interactive television-related
gaming activity, was recently awarded one of three online casino licenses in
Alderney, a Tier-one regulatory environment with controls on par with those
adhered to by land-based casinos.
Dukes Entertainment Chooses CryptoLogic Software And Enters Into
Preferred Advertising Agreement With FreeLotto
Dukes Entertainment N.V., through its Dukesgaming.com website,
will offer CryptoLogic's full slate of downloadable and Java casino games to
players around the globe. Fully regulated and licensed in Curacao,
Dukesgaming.com will provide players secure online gaming with a friendly and
fun atmosphere. Dukesgaming.com is scheduled for launch in the second quarter.
In support of its international strategy, Dukesgaming.com has
entered into a long-term advertising agreement with PlasmaNet, Inc. PlasmaNet
operates FreeLotto.com, the leading multilingual sweepstakes provider online.
This agreement gives Dukesgaming.com access to FreeLotto.com's 24 million
registered and qualified players worldwide. The most trusted sweepstakes site
on the web, FreeLotto.com boasts over 5.7 million unique users and 1.6 billion
page views per month.
Dukes Entertainment N.V., incorporated in Curacao, Netherlands
Antilles, is a wholly-owned subsidiary of The Dukes Partnership, an Isle of Man
Partnership.
PlasmaNet, Inc. is a leader in the online data mining and product
promotion industry. FreeLotto.com originated the online lottery format
sweepstakes, and thus far has awarded over $34 million in prizes, including one
$10 million winner and eleven $1 million winners.
Sports.com Casino Goes
Live
CryptoLogic is pleased to announce that the Sports.com Casino is
now fully-launched and ready for the start of football's World Cup in June.
Sports.com is the first licensee site to initially go live with
CryptoLogic's recently launched suite of Java-based casino games. A
downloadable casino version is currently in development. Based in Curacao, the
Sports.com Casino is fully functional for play and payouts in British pounds
sterling.
Sports.com is one of the largest Internet sports brands and
sports content providers in the world. Published in five languages, Sports.com
has the highest traffic digital network for sports information and betting in
Europe with over 4 million audited unique users via the Internet and wireless
devices. Regulated and operating in the U.K., Sports.com's sportsbook provides
its global users an online sports wagering service as a natural complement to
its real-time, live and comprehensive sports coverage.
Sports.com is a primary sports content provider to some of the
world's best-known online news sites in the U.K., France, Germany, Spain, Italy
and Ireland including Yahoo, AOL, MSN and Lycos, and supplies news and results
to more than 30 newspapers in the U.K. Strong financial partners such as Soros
Private Equity Partners, IMG, Reuters and Goldman Sachs have supported
Sports.com's broad reaching success.
Littlewoodscasino.com To Go Live In May
CryptoLogic is pleased to confirm that software compliance
testing is now in its final phase, and that Littlewoodscasino.com will go live
on the Isle of Man in May as one of the first Tier-one regulated gaming sites
on the Internet.
Littlewoods Leisure is one of the best-known gaming organizations
in the U.K., providing football pools, sports betting and lotteries to more
than 1.6 million households per week. Littlewoodscasino.com will offer 30
single- and multi-player casino games with British pound sterling play and
payouts.
With a highly trusted brand name and large customer base, and the
added benefit of operating from the Isle of Man under some of the most
stringent regulations currently in place for Internet gaming, Littlewoods has a
tremendous opportunity to quickly become a leading player in the rapidly
growing Internet gaming marketplace.
Littlewoods Leisure is a wholly-owned subsidiary of Sportech
Plc., a U.K. company listed on the London Stock Exchange. Founded in 1923 as
Littlewoods Pools, Littlewoods gaming products are distributed via telephone,
the Internet, 15,000 retail shops and 13,000 door-to-door collectors.
New CryptoLogic Bingo Product To Go Live In May
CryptoLogic's leading-edge downloadable Bingo product will go
live with its first licensee, InterBingo, on May 23, 2002. Discussions with
other well-known brand-name licensees are underway.
Emulating the traditional 75-number Bingo game played in Bingo
halls around the world, CryptoLogic Bingo offers five play-for-money halls and
one play-for fun hall, with themes customizable to the preference of each
licensee.
Backed by the Company's proven technological excellence,
CryptoLogic Bingo offers all the features of a live bingo hall and more,
including a Card Minder option to help players keep track of their card strips,
and AutoDab, which allows the computer to dab players' cards for them.
The addition of bingo is the next phase in CryptoLogic's market
driven product strategy designed to enable licensees to tap into a wide range
of vertical gaming opportunities to create profitable Internet businesses with
broad appeal.
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