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Low Blackjack Results at CryptoLogic Create 2nd Quarter Downturn

Discussion in 'Online Casinos' started by Westland Bowl, Jul 24, 2010.

    Jul 24, 2010
  1. Westland Bowl

    Westland Bowl Tin Foil Hat Club Member CAG PABnonaccred

    Occupation:
    not applicable
    Location:
    America
    Perhaps people are realizing that online Blackjack has become Slotjack, not really based on random card drawing but on setting winning limits on overall play of all players? See this thread: Blackjack or Slotjack?
    --------------------------------------------------
    From You must register/login in order to see the link.

    Blackjack is usually a popular choice for online gamblers but CryptoLogic is reporting that the game is reason for their second quarter downturn. CryptoLogic provides casino games for casinos online and they have stated their revenues are down for the second quarter from the first quarter.

    Officials from CryptoLogic commented: “Despite the World Cup casino revenue showed a modest gain quarter on quarter but revenue was lower than anticipated due to a substantial swing in player preferences for blackjack and roulette.”

    Not only did the company blame the game of blackjack but they also stated that the downturn was due to the installation of CryptoLogic games at Betsafe that were pushed back another month. The company also stated that branded games revenue grew by 20% compared to the first quarter reports.

    The downturn reported by CryptoLogic seems to show that players are favoring other games to the blackjack and roulette options. Or players could be going to other sites to enjoy blackjack and other games. [:rolleyes:- WB] Either way, the company has reported a loss and they will be working hard to gain back their losses in the next quarter.

    2010-07-16
     
  2. Jul 24, 2010
  3. aceking123

    aceking123 Ueber Meister CAG PABnononaccred MM

    Occupation:
    chippy
    Location:
    uk
    The downturn reported by CryptoLogic seems to show that players are favoring other games to the blackjack and roulette options. Or players could be going to other sites to enjoy blackjack and other games. [:rolleyes:- WB] Either way, the company has reported a loss and they will be working hard to gain back their losses in the next quarter.

    2010-07-16[/QUOTE]

    hi , that would be right for cryptologic software another clear example of customers now knowing that roulette & cards are a form of slots as played nevertheless the company is working hard to gain back losses:rolleyes: ,maybe this was worded wrong maybe it should be the company is working hard to regain more profits from these games .:)
     
  4. Jul 24, 2010
  5. Scooter7

    Scooter7 Meister Member

    Occupation:
    Gaming
    Location:
    Toronto
    I think you're misreading it. They're blaming the fact that players are swinging to the lower-holding BJ and Roulette games for the revenue being lower.

    Poorly worded, though imho.

    fwiw, their BJ games are top-shelf with the best math, playability, and realistic presentation in the market. Try hitting on 20 w MG vs Crypto. Only one of them will ask you if you're certain. That's a big differentiator for me.
     
  6. Jul 25, 2010
  7. aceking123

    aceking123 Ueber Meister CAG PABnononaccred MM

    Occupation:
    chippy
    Location:
    uk
    hi , well to be & honest ive played there alot & one thing im 100% sure of is there blackjack & roulette are the most biased games going, they may tell you otherwise but as a player whos spent alot of money there i can vouch that there far from the best even if you are a vip player just jmo.
     
  8. Jul 25, 2010
  9. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    Yeah that was really poorly-worded and I had a tough time getting the message. Hope this isnt the reason for the pathetic $1 gift from intercasino and the spam to many accounts recently.
     

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