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Online Casino Industry Ponders Truth: 2

Some of the details that have come to light as the Financial Times weighs in on the ongoing CryptoLogic situation in the online casino gambling industry is the fact that Aziz actually had a money-hungry attitude throughout his time as CEO of CryptoLogic. CryptoLogic is one of the largest and most popular online casino software development companies in the industry. In recent months though the company has been really scaling back operations in an effort to restructure and strengthen the brand and the company’s financial viability. As those efforts made international news throughout the industry, the situation with Aziz has only continued to escalate.

GambleCraft reported last week on Aziz’s request that an extraordinary general meeting be held with the shareholders so that the former CEO could take his case to a wider number of people. CryptoLogic denied that request however and the online caisno gambling industry has been waiting now for several days to discover the next move from either party as this situation continues.

In addition to the claims on a huge sum of money in escrow, Aziz is attempting to re-establish himself in the online casino software development company with claims that the current leadership is corrupt and needs to be ousted. As all of this occurs, the FT reported that information has come to light that throughout his time as CEO Aziz consistently demanded more money from CryptoLogic and even threatened to sue if some of his outrageous demands were not met. Like the CAP situation, there is a lot of conflicting information that the online gambling industry is weeding through to find the truth at the bottom of it all.