CRYPTOLOGIC CHOSEN TO POWER W.P.T. ONLINE GAMBLING
SITE
27 April 2007
But US players will be excluded, thanks to the
UIGEA
Top online gambling software developer and turnkey
provider CryptoLogic Inc., and WPT Enterprises Inc. (WPTE),
a leader in poker entertainment, announced today
(Wednesday) a three-year contract that will move the
World Poker Tour’s (WPT) gaming site for the
international market to the world’s largest non-US
shared gaming network.
The agreement, entered into with CryptoLogic’s
wholly-owned subsidiary, WagerLogic Limited, will
introduce CryptoLogic’s popular poker software while
delivering a unique WPT look and feel. The new WPT poker
room is expected to launch in June 2007.
"Liquidity is a big deal in this business," said Steven
Lipscomb, President, Founder and CEO of WPTE.
“CryptoLogic has proven itself to be an industry leader
that delivers a superior product. This deal ensures that
starting with day one of our online gaming re-launch
there will be a plethora of cash games and tournament
offerings available for our customers on a stable and
proven platform."
"We will launch with a look and feel unique to World
Poker Tour and will work with WagerLogic to incorporate
additional WPT features that will begin to redefine and
distinguish our product and customer experience."
“It is the perfect strategic step for both companies, as
World Poker Tour and CryptoLogic are pioneers in the
global gaming phenomenon,” said Javaid Aziz,
CryptoLogic’s new President and CEO.
“WagerLogic’s flexibility in working with
licensee-specific software needs, as well as its
adherence to strict regulatory standards and our shared
commitment to growth in markets where on-line poker is
embraced, are just some of the key factors that brought
WPT and CryptoLogic together.”
In line with U.S. legislation, none of WagerLogic’s
licensees takes wagers from U.S.-based players.
The three-year contract between WagerLogic and WPT will
run until June 30, 2010, with an expected go-live date
for poker in June 2007. WagerLogic will also provide the
eCash services and support and customer call services to
the WPT gaming sites. WagerLogic will also develop a
suite of casino games for WPT, which will include
Blackjack, Roulette, Millionaire’s Club, Bejeweled and
The Hulk.
In related news, Hemscott.com reports that CryptoLogic
has applied to de-list its shares from the Toronto Stock
Exchange, the NASDAQ, and the Official List of the UK
Listing Authority. It will also soon cancel trading in
its shares on the London Stock Exchange's EEA Regulated
Market.
The move follows the company's decision to relocate its
headquarters from Toronto, Canada to Dublin, Ireland to
be nearer to its large European customer base.
A new parent company, CryptoLogic Ltd, is expected to be
listed on the TSX, NASDAQ, and UK Official List in June.
Online Casino News courtesy of InfoPowa
More news here.
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