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Cryptologic Founder Mark Rivkin Now Curing Addicts
Saturday February 21,2015 : ONLINE GAMBLING PIONEER NOW CURES ADDICTS
A famous industry name from the past resurfaces.
The name Mark Rivkin will be familiar only to industry veterans aware of the industry's short history, but he and his brother Andrew can claim to have had a major impact in the pioneering days of online gambling, founding the Cryptologic software brand twenty years ago.
The Canadian duo, barely out of university and working from the basement of their parent's home, were among the very first young entrepreneurs to develop software that laid the foundations for today's multi-billion dollar online gambling business.
They leveraged their ground-breaking technology into an online gambling software and operational group that became one of the leaders in the burgeoning global industry with brands like Intercasino, and still exists today, albeit in a more muted form and under new owners.
And Cryptologic proved to be a fertile venue for the development of several of today's high profile executives, among them John Fitzgerald (Intertain), Andre Edelbrock (Ethoca), Jon Moss (bet365), and Jim Ryan (Pala Interactive and former CEO at Party Gaming).
The Rivkin's achievements were acknowledged in an interesting article published this week by the Canadian publication Financial Post.
The article concentrates on Mark Rivkin (still only 43 years old), who exited the industry 11 years ago and currently runs the Helix Healthcare holistic mind-body addiction clinic in Toronto.
It also covers the subsequent careers of some of the top men who made Cryptologic a force to be reckoned with before it went into decline, and traces recent developments through Amaya and Intertain that could see a resurgence in its operational activity.
In one Rivkin anecdote, he reveals that in order to demonstrate this revolutionary technology to investors in trying to raise their first $1.5 million in capital, the brothers would pack their full-scale desktop Intel Pentium 90 into the family car and lug it to meetings, hooking and unhooking its cables everywhere they took it.
Investors took a lot of convincing; in those early pioneering days they would make comments like: "It’s interesting what you guys are doing, but nobody is going to trust putting their credit card in over the Internet to spend money, and they’re not going to trust that the software you guys have developed is fair.”
Rivkin also explains how they familiarised their game developers with the sounds and sights of a real casino, taking them to land casinos to give them the "feel" and help them create an online version that was credible. It was a tactic that worked; back in the day Cryptologic was respected for the sheer quality of its graphics and performance.
Having achieved more than they had set out to do, including the achievement of Toronto Stock Exchange, Nasdaq and London Stock Exchange listings, the brothers finally departed the business in 2003 and sold their stakes in the company - in retrospect perhaps a smart move, bearing in mind the implementation of the UIGEA in 2006.
Rivkin sums up his feelings about his involvement in the industry by saying: “We had a wonderful experience, we did what we set out to accomplish, which was to build CryptoLogic into a leader in the industry. I wouldn’t go back and change anything.”
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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