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.
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