CryptoLogic Limited
TSX : CRY
TSX : CXY
NASDAQ : CRYP
LSE : CRP

CryptoLogic Limited

August 08, 2008 02:01 ET

CryptoLogic's Casino Software Soars With BSkyB Group plc

Multi-year agreement provides leading entertainment brand with CryptoLogic's top non-downloadable games

DUBLIN, IRELAND--(Marketwire - Aug. 8, 2008) - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, has announced a three-year casino licensing contract with Sky Betting & Gaming, part of BSkyB Group plc (BSkyB), the UK's leading entertainment brand. Under the agreement, made through CryptoLogic subsidiary WagerLogic Ltd., a selection of the e-gaming leader's top non-downloadable casino games will be available on SkyVegas.com by early 2009.

"In 2008, CryptoLogic committed to aggressively expanding its licensee base to drive profitability for the company, our customers and our shareholders," said Brian Hadfield, CryptoLogic's President and CEO. "This new deal, which will see our casino games made available on Sky Vegas, is a major step towards this goal. With CryptoLogic's innovative gaming products paired with the popularity of Sky Vegas, the sky's the limit."

Sky Betting & Gaming joins other top international gaming and entertainment brands that have chosen CryptoLogic-developed software, including InterCasino, and William Hill. As part of its expansion strategy, CryptoLogic has recently signed contracts with 888.com, and BetJacks - with further high-profile, successful operators in the pipeline and to come.

"As we looked to broaden our Internet casino offering, we knew we needed the best of the best; software that would engage our players with quality, creativity and integrity, said Richard Flint, Managing Director of Sky Betting and Gaming "CryptoLogic's reputation for innovation opened the door, and their commitment to execution made up our minds."

"For CryptoLogic and WagerLogic, partnering with a leading brand such as BSkyB is an excellent opportunity to enhance and broaden the player experience with our award-winning casino software in our core European market," added Antony Demetriades, WagerLogic's Managing Director.

CryptoLogic has one of the most comprehensive casino suites on the Internet today, including popular casual games such as Cubis and Bejeweled, as well as an industry leading suite of video slots with interactive and immersive bonus rounds. CryptoLogic's award-winning casino lineup includes some of the industry's most popular and visually-stunning online jackpot slot games, including the Frightmare slot series, Rags to Riches and the Rapid Fire jackpot series, the slots that trigger their jackpots more frequently than any other online casino games.

The company also boasts some of the biggest jackpots in the industry, including Millionaires Club - a game that has made more instant millionaires in the last year than any other online casino game in history. The game has paid out more than $15 million in jackpot wins in the past year alone, with four players winning more than $1 million.

In 2008, CryptoLogic earned Gambling Online Magazine's Top Casino Software award for the third consecutive year. Based on the votes of players, it is widely considered the industry's top honour.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic® Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

About British Sky Broadcasting (BSkyB)

Sky is the UK's leading entertainment company. A third of households in the UK and Ireland - 8.98 million households - enjoy an unprecedented choice of movies, news, entertainment, sports channels and interactive services on Sky Digital, our digital television service. Sky is also the UK's fastest growing broadband and fixed telephony providers, with well over a million customers taking each service. In addition to its digital television service, Sky continues to harness technology in enhancing the TV experience. Over 3.7 million customers use Sky+, Sky's digital video recorder, to watch what they want, when they want. Sky+ HD provides all the benefits of Sky+ with HD picture quality across 19 channels showing over 7,000 hours of HD programming every month. Sky also provides the UK's largest 3G mobile TV service (Sky Mobile TV) and offers a multi-platform on-demand video service (Sky Anytime on TV and Sky Player).

About Sky Betting & Gaming

Sky Betting & Gaming is a wholly-owned division of BSkyB, comprising Sky Bet, Sky Poker, Sky Vegas and Sky Bingo. Customers can use all of these products to bet and play through a single account on the internet, through interactive TV or on their mobile phones.

With over 100 games sourced from some of the world's leading games suppliers, Sky Vegas has a wide variety of top quality casino, instant win and slots games, with no download required. Games can be played online at skyvegas.com or via Interactive TV.

All of Sky's betting and gaming products are accredited by GamCare in recognition of Sky's commitment to responsibility, which is reflected through product design, internal practices and staff training.

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

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. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, 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, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.

Contact Information

  • CryptoLogic
    Stephen Taylor
    Chief Financial Officer
    35316641682
    www.cryptologic.com
    or
    Argyle Communications
    Karen Passmore
    (North American and gaming industry media)
    (416) 968-7311 ext 228
    kpassmore@argylecommunications.com
    or
    Argyle Communications
    Kyla Thoms
    (North American and gaming industry media)
    (416) 968-7311 ext 237
    kthoms@argylecommunications.com
    or
    Corfin Communications
    Neil Thapar
    (UK media only)
    +44 207 977 0020
    or
    Corfin Communications
    William Cullum
    (UK media only)
    +44 207 977 0020
    or
    Corfin Communications
    Harry Chathli
    (UK media only)
    +44 207 977 0020