Cryptologic Online Casino Software
CryptoLogic Incorporated is a Canadian software marketing firm. Cryptologic is one of the four large online casino software companies. It is based out of Toronto, Canada. The company was voted "Software Provider of the Year" by the people at the UK Gaming Awards.
Cryptologic offers over 200 slots and table games. These games are playable in 8 different languages: English, French, Spanish, German, Italian, Greek, traditional Chinese and Japanese. It offers three currency options: US Dollar, the UK Pound, and the Euro.
Not only does Cryptologic market all the standard casino table games, it operates player-to-player poker rooms. The firm has a growing bingo network, with innovation to insure brick-and-mortar bingo simulations.
Cryptologic has several interesting slots options. Rapid Fire slots offer smaller, more frequently encountered jackpots. Millionaries Club offers larger mega-jackpots, while there are also three level jackpot options. Cryptologic is sensitive to the European market, offering many traditional UK fruit machines. These games come in Flash and Java options, or downloadable versions.
Cryptologic is getting into branded names for the first time. They market games involving Marvel Comics characters, including X-Men, Hulk, Daredevil, Blade, Silver Surfer, Thor and the Punisher. Most of these characters have had their own movies in the past five years, so the worldwide name recognition of Marvel Super Heroes is at an all-time high.
The company also offers Texas Holden Bonus Poker, which is marketed as the "casino meets poker". This game pits the player against a dealer, instead of a table full of opponents.
No online casino software company is complete without its online poker rooms. Cryptologic services over 50,000 poker players a day. The company handles the logistics for nearly 500,000 hands of poker in any one day. The CrytpoLogic people have over twelves years experience in internet gambling.
The History of CryptoLogic
Cryptologic was formed in 1995, making it the oldest of the online gambling software companies. Its co-founders, Mark Rivkin and Andrew Rivkin, designed the original software in their parents' basement. This software was designed to handle online financial transactions.
After designing the software, the Rivkin brothers wanted to apply it to some real life business venture. They chose online gambling and found quick success. By 1996, the two had signed up Intercasino to their software service package.
Since that time, CryptoLogic Inc. has expanded out of Canada into the UK. It is partnered with William Hill PLC., one of the UK's name brand bookmakers. William Hill was the first UK bookmaker to have an online casino, thanks in large part to cooperation with Cryptologic. Since that time, Cryptologic has established partnerships with such disparate entities as Littlewoods Gaming and Playboy Gaming.
On May 25, 2007, over 90% of the shareholders of CryptoLogic Inc. voted to establish Cryptologic Limited. This will be the parent company of the Cryptologic network. Its corporate offices will move from Canada to Dublin, Ireland. This move is meant to situate Cryptologic near to the growing European market. A spokesman for the company says this is about charting growth in "Europe and Asia".
The move is no doubt a reaction to the recent gambling legislation in North America.
CRYPTOLOGIC AND THE U.S.
Because it is a publicly traded company, Cryptologic Inc. does not take American players. This decision was made shortly after passage of the Unlawful Internet Gambling Enforcement Act, which indirectly bans offshore online casinos from taking U.S. players.
Cryptologic is listed on both the London Stock Exchange and the NASDAQ. Cryptologic Limited will begin trading on the Toronto Stock Exchange on June 1, 2007. .
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