Moving Further Into Asia
The online casinos software development giant CryptoLogic has announced that the
company is finalizing a deal with Mahjong Time is a move that brings the company
one step further into penetrating the Asian gambling market. Internet gambling
analysts have long-predicted that the Asian-Pacific region has the potential to
be the largest online casinos gambling industry in the world if the regional
governments legalize the activity. For that reason, CryptoLogic is one of the
many internet gambling companies looking for ways to penetrate the Asian
gambling industry.
Mahjong Time is a prominent software developer and turnkey provider for the
Asian Mahjong gambling market – and the new deal with CryptoLogic could very
well help Mahjong Time to expand that company’s sphere of influence beyond the
Asian market to more of a global scope. The CEO at Mahjong Time, William
Sutjiadi, remarks on the partnership, "As a game, Mahjong is about both strategy
and community, and that's the approach we have taken to building our software
and our business. CryptoLogic knows great innovation and great software, and
together we will build a business with huge global potential."
As for CryptoLogic, the online casinos software development company will
finalize the investment agreement with Mahjong Time by the end of the month and
at that point CryptoLogic will have yet another strong foundational “in” for the
Asian gaming market. According to specifics on the deal, CryptoLogic will invest
as much as $2.5 million in the mahjong gaming developer – the two companies will
work together to offer new and tailored content for the international gaming and
gambling communities. |