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Some Radical Changes at Online Casino

CryptoLogic has announced that it is right on track this year to realize all of the restructuring plans that were announced over the past several months. CryptoLogic has experienced some pretty major changes and challenges over the past few years (largely because of the US withdrawal from the online casino gambling industry) and that has meant that the company really needed to restructure and refocus the direction and offerings. The CryptoLogic brand is one of the top in the software development industry – and though it has slipped a bit in the past year, all of that is apparently a part of the company’s efforts to streamline operations and offer online casinos a more solid gaming product.

This month more information was released concerning CryptoLogic’s precise plan and just what is included in the company’s restructuring plan. First on the list was the reduction of operating costs by $13 million by the end of 2009. Sadly that meant that CryptoLogic had to say goodbye to its former CTO, Michael Starzynski. Starzynski is no longer needed at the company as CryptoLogic streamlines and outsources some of its labor through strategic partnerships. The partnership with GTECH Corporation is a solid development and means that all of the current internet poker gamblers using CryptoLogic powered online casinos will now play on the large GTECH International Poker Network.

The first quarter of the year has been largely dedicated to realizing the restructuring – this means cutting out some of the operating costs that were still weighing down the company as well as cutting some previous offerings. All of CryptoLogic’s core products and offerings for the online casino gambling industry are still in place, the restructuring is largely internal and in an effort to help the company boost it quarterly and annual profits.