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Aziz is After Money

Javaid Aziz, the former CEO of CryptoLogic has been made out to be quite the villain in the online casino gambling industry media. CryptoLogic has struggled over the past several months to stay afloat and adopt a new growth and development strategy that will see the company through the tough economic times that are ahead. Although it seemed as though the company was on the right track in more recent months, the industry news exploded earlier in the year with the announcement that the former CEO, Aziz, was going to the company’s board members with demands that the rest of his severance package money be released.


The online casino gambling industry has watched the story unfold in the industry media – CryptoLogic claims that Aziz has not lived up to the terms of his agreement and therefore does not deserve the rest of the funds. The issue was very complicated and there was no telling where the truth lied for some time – the issue seems to have taken a backseat though in more recent weeks to the startling news that CryptoLogic lost its exclusive licensing deal with Marvel Comics.


The company is really having a hard time recovering from the headquarter shift that occurred a couple of years ago. As the economy has plunged, it only meant further financial woes for CryptoLogic, an online casino gambling group that was previously considering the crème of the crop in terms of software development companies – now the competition is creeping up on CryptoLogic and taking advantage of all of the company’s vulnerabilities.