Further Asian Growth
The Asian mobile online casinos gambling industry is one of the fastest growing
markets in the world – Korea in particular is leading the way in mobile gaming
development. It only makes sense that one of the top Asian mobile gaming
development companies, Mobilebus, Inc has partnered with the leader in online
casinos games in the world, CryptoLogic. CryptoLogic is a leader in the internet
gambling industry and the company has recently (in the past couple of years)
focused on expansions into new and emerging markets. The latest announcement
from CryptoLogic indicates that within a month the company will own a large
minority stake in the South Korean based Mobilebus.
CryptoLogic develops cutting edge online casinos gambling games primarily for
the European market, but with licensing deals with companies all over the world.
The company recently moved its headquarters to Dublin, Ireland and began to
actively pursue strategic partnerships and deals wit Asian facing companies.
This latest announcement of a deal with Mobilebus, Inc. fits right in with the
online casinos software development company’s long-term plans. CryptoLogic’s
latest partnerships all bring new markets and areas of expertise into the
company.
The newly appointed CEO and President at CryptoLogic, Brian Hadfield, notes,
“Asia is critical to CryptoLogic’s ‘follow the sun’ approach to business: it’s
about having development going around the clock, around the world. As an
experienced game developer in a gaming-friendly market, Mobilebus will help
bring players a uniquely Korean entertainment experience.”
This new deal has the potential for further investment by CryptoLogic in the
future, and to start, CryptoLogic will not only have a significant minority
share in the company, but also a seat on the Board of Directors. |