CryptoLogic Limited
TSX : CRY
TSX : CXY
NASDAQ : CRYP

CryptoLogic Limited

June 26, 2012 09:00 ET

CryptoLogic Extends Agreement to License Casino Games to Betsson

Agreement enables CryptoLogic to reach a 400,000 subscriber base across 10 online gaming websites and 20 countries under its Instant Click platform

DUBLIN, IRELAND--(Marketwire - June 26, 2012) - 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 signed a new two-year agreement to license its suite of Internet casino games to Betsson Malta Ltd (Betsson), a leading European e-gaming operator listed on OMX Stockholm.

The agreement expands on an existing relationship between the two companies. Under the new deal, Betsson, which has a total active player base of more than 400,000 players across 10 gaming websites, will have access to a portfolio of more than 100 of CryptoLogic's most popular casino games through CryptoLogic's Instant Click platform. These games include award-winning branded and unbranded video slots and full complement of table games such as European Blackjack, European Roulette and Video Poker. Betsson will also have the right to launch any new content released by CryptoLogic going forward.

Betsafe.com is the first of Betsson's 10 online gaming websites to go live with more than 70 of CryptoLogic's games already available to its players following a rapid integration completed in May 2012. The expanded agreement will also enable Betsson to deploy CryptoLogic's games across its remaining nine sites with a scheduled rollout in the second half of 2012.

Instant Click enables rapid deployment of a range of titles from CryptoLogic's complete suite of more than 300 online games, by online operators and technology providers on their own e-gaming infrastructure and electronic cashier systems.

Ian Price, Vice President of Operations, CryptoLogic, said: "We are pleased to expand our agreement with Betsson. This deal further validates the quality of our games and their popularity amongst our licensees' customers."

With a broad subscriber base in more than 18 countries, Betsson offers a wide range of popular online gambling products and games in a safe and user-friendly gaming environment. Its product portfolio currently includes Sportsbook, Casino, Poker, Games, Scratchcards and Bingo.

Rudi Thomassen, Head of Games of Chance at Betsson, commented: "CryptoLogic's games have proven very popular with our customers and we are delighted to extend our agreement with them. With more of CryptoLogic's entertaining games on our sites it will help Betsson to continue to deliver the very best online gaming content."

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 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 Betsson

Betsson offers a wide range of first-class online gambling products and games in a safe and user-friendly gaming environment. Betsson's product portfolio currently includes: Sportsbook, Casino, Poker, Games, Scratchcards and Bingo, are operated by Betsson Malta Limited, a company in the Betsson Group, under a licence granted by the Malta's Lotteries and Gaming Authority under the Remote Gaming Regulations (LN 176/2004). Betsson Poker is operated by Betsson Malta Limited and powered by Ongame Network Ltd, which has a network license issued by the Gibraltar Government.

The site www.betsson.com is wholly owned and operated by Betsson Malta Ltd.

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.

Contact Information

  • CryptoLogic Limited
    Ian Price
    VP Operations
    +44 (0) 207 616 1947

    For Amaya Gaming Group Inc.
    Jeff Codispodi
    Equicom
    +1 (416) 815-0700 ext. 261

    Luther Pendragon
    Neil Thapar, Alexis Gore
    +44 (0) 207 618 9100