Cryptologic Reveals Successful Fourth Quarter PDF Print E-mail
Thursday, March 20, 2008

Despite an overall drop in profits of 77% in the year ending 2007, the online gambling company, Cryptologic has shown that no UIGEA legislation will keep it down for long. The Irish-based company lost 30% of its customer base literally overnight when it was forced to pull out of the American market in 2006, but its fourth quarter results that were revealed this week show a hefty tripling of its shares compared to last year. Net income went up to $4.3-million from only $1.7-million the previous year.

 

There are a number of reasons for Cryptologic’s success in the last quarter of 2007. The company has introduced new superhero slot machines from the Marvel Entertainment range that has proven to be particularly good for business. In addition, it has recently announced an expansion of the lucrative contract it holds with the top industry brand, World Poker Tour until 2011 at least. With these kinds of facts, Cryptologic is showing the world that it is not going anywhere in the near future!
 
< Prev   Next >

News & Bonus Codes Feed

feed image

Who's Online

We have 1 casino player online