Online Casino Software Developer Finds Partner
CryptoLogic recently announced that the company has penned a deal with an Asian
facing online casino mobile gambling provider that will greatly increase
CryptoLogic’s position in the growing Asian gambling industry. Mikoishi Studios
is a prominent Asian company that already has a portion of the emerging mobile
gambling industry. And as for CryptoLogic, the deal with Mikoishi is the “in”
that many European online casinos companies are often looking for when
attempting to enter the Asian gambling industry. CryptoLogic is an industry
leader in the online casinos software development industry, so it has spent a
great deal of time seeking out an ideal partnership that would give the company
maximum advantage in the Asian gambling industry.
The President and CEO at CryptoLogic, Javaid Aziz, pinpointed that particular
point as why the company had not prerviously aligned itself with an Asian online
casino or mobile gambling company. Aziz notes, "Finding the right partners has
been essential to CryptoLogic's dramatic growth in Europe, and it will be key to
CryptoLogic's future growth in Asia." This is the sentiment that had CryptoLogic
waiting until now to enter into the estimated $6.1 million deal with Mikoishi.
Specifics of the new deal basically allow that CrytoLogic’s partnership will
“bring [the online casino software company] both new games and new capabilities
in the massive Asian mobile gaming market,” remarks Aziz. And the great thing
for CryptoLogic is that the deal can get even sweeter in time, if the
partnerships works out positively for both of the companies involved. Though
CryptoLogic only a minority share in Mikoishi, the deal allows for the
Dublin-based online casino software developer to purchase more of the company in
time. And with the huge potential in the Asian mobile online casinos gambling
market, most industry analysts predict that this partnership is extremely
positive for both companies.
|