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Software Provider Still Lucrative

The international online casino gambling media is all abuzz over the news that Sportech will no longer operate on the CryptoLogic gaming platform, and instead has switched to 888.com’s integrated gaming platform. The CEO at CryptoLogic, Brian Hadfield, addressed some industry concerns that the loss of a major licensee would negatively impact the company’s year-end revenue predictions. The fact is, although Sportech is a well known brand in the European market, it is certainly not the only online casino gambling site generating revenue for the company. Added to that, CryptoLogic is also offering games on the new 888.com integrated gambling platform, so the company will in fact retain a portion of its existing player-base.

CryptoLogic released a press release late this week to really quell some of the issues and dispel some false rumors. According to Hadfield, the Sportech online casino and poker sites only generate four percent of the company’s total revenue. And while that still represents a significant amount of lost revenue, Hadfield was quick to also note that the company is signing several new licensees this summer whose online casinos will make up for the lost revenue.

Additionally, CryptoLogic’s deal with the 888 gambling groups integrated online casino gambling platform means that Sportech players will have access to several of CryptoLogic’s most popular internet games. Beyond just that fact though, some of Sportech’s players are actually loyal to the CryptoLogic online gambling platform and will then switch to a new CryptoLogic licensee so they can find their favorite games.

Hadfield really stressed in the press release that the company is completely solvent, even without the Sportech brand. He notes, “CryptoLogic’s customer base has never been larger – and our customer pipeline has never been healthier.” Several new CryptoLogic powered online casinos will launch in the coming months.