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CryptoLogic In Betsson Deal
3/8/10 - Online gambling software developer CryptoLogic has signed a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta Ltd (Betsson), a leading European e-gaming operator that is publicly listed on the Stockholm exchange.
The agreement covers a suite of CryptoLogic's top slot games to be launched on Betsson's websites at Betsson.com, CasinoEuro.com and Cherrycasino.com.
One game has already gone live on CasinoEuro and the remainder are scheduled for roll-out across the three brands later this (2010) year. The deal will provide CryptoLogic with recurring revenue based on wagers placed by Betsson's customers.
Justin Thouin, Vice-President of CryptoLogic, said: "Betsson is the latest customer to sign up to CryptoLogic's games, underscoring the value our innovative and rich content brings to operators worldwide. With every new licensee CryptoLogic not only expands its global reach but also strengthens its base for generating long term revenues."
With a broad subscriber base in more than 18 countries, Betsson offers a wide range of online gambling products and games. Its product portfolio currently includes: Sportsbook, Betting Exchange, Casino, Poker, Games, Scratchcards and Bingo. Betsson also has its own b2b division, titled Betsson Business Solutions.
Magnus Grinneback, Business Area Director of Betsson.com, said: "We are confident CryptoLogic's highly innovative games will enhance our customers' gaming experience and attract more demand. We look forward to working with CryptoLogic to help us achieve just that."
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