Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Sale Obligations Complete

The number one software developer in the online casinos gambling industry, CryptoLogic, has announced that the sale obligations related to the company’s acquisition of Casino.co.uk are now complete. And as a bonus for both CyrptoLogic and the Media Corporation, the site performed better than either company had anticipated. CyrptoLogic has announced in the past year that the company is much more focused on tangible growth within the online casinos gambling industry than in previous years, that was a major reason that the company sought the acquisition of Casino.co.uk.

As for the sale obligations, the online casinos positive performance over the past six months means that CyrptoLogic was able to quickly pay out the last of the payments in relation to the earn-out agreement which was a part of the contract for sale.

As for the specifics on why Media Corporation and CryptoLogic included the sale obligations in the transfer of the site’s ownership, the CEO at Media Corp, Justin Drummond, commented on that situation, “Part of the sale obligation was to run the portal with the new vendor for a period of six months post disposal and I am pleased to announce that we have exceeded the pre-agreed revenue target by a significant margin.”

CryptoLogic is well known in the online casinos gambling industry at this point because the company not only offers some of the best gaming software in the industry, but the company is effectively creating a strong foundation of partnerships and acquisitions all over the world in relation to existing and emerging online gambling markets.