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CryptoLogic Fully Funded

The CryptoLogic online casinos software development company has announced some impressive fourth quarter and year-end results – there is no doubting that the company is holding a strong position in the internet gambling industry. The company has continually performed above industry-wide expectations and has never faced year-end losses in the more than a decade that the company has offered gaming products for the online casinos gambling industry. In addition to the extremely positive 2007 year-end results, CryptoLogic announced that the planned expansions and acquisitions will be paid for with the company’s $77.5 million war chest.

CryptoLogic was founded in 1995 and has developed cutting edge graphics and technology for the international online casinos gambling industry. The company’s games and platform are specifically designed to work with players and internet gambling sites working in different countries, regions, languages, and through differing currencies. Online casinos using the CryptoLogic platform are able to cater to large or niche markets – whatever the company prefers. Specifically, the company’s games are multi-lingual with is a cornerstone of all CryptoLogic products – this aspect of the company’s current strategy will only aid expansion into the Asian-Pacific online casino gambling industry.

As for the $77.5 million war chest – at least new CryptoLogic CEO Brian Hadfield does not have to face the difficulties of digging a company out of debt and into profit – CryptoLogic generates significant profits even without the pending online gambling related acquisitions. Even though, like many companies, CryptoLogic would have more profits to report had the U.S. not banned internet gambling, there is no denying that the company is on a successful track forward.