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CRYPTOLOGIC COMMENTS ON SPORTECH-888 DEAL

Cryptologic was quick to address the news this week that it was to lose the Sportech poker and casino software account as a result of the online betting company's new deal with 888.com .
 
In a press release, Cryptologic CEO Brian Hadfield referred to Sportech as a "relatively small licensee" and said that the lost business would be more than compensated for by income from a minimum of five new clients this summer and fall.
 
“CryptoLogic is having a banner year in signing long-term contracts with leading gaming brands in both Europe and Asia, and that’s why we remain so bullish about our growth prospects,” said Hadfield. “CryptoLogic’s customer base has never been larger – and our customer pipeline has never been healthier.”
 
The Cryptologic statement reveals that Sportech currently licenses CryptoLogic software for its Littlewoods-branded gaming sites, representing approximately four percent of the software provider’s annual revenue.
 
And because Sportech has entered into a new relationship with 888 Holdings plc, CryptoLogic expects to continue earning at least some some revenues from Littlewoods players as a result of its cross-platform agreement with 888 to offer more than 10 of CryptoLogic’s top games to players and partners.
 
CryptoLogic also expects some Littlewoods players to migrate to its other licensees’ sites to find their favourite games that are not available on the 888 platform.
 
Sportech’s move to a new provider will have no material impact on liquidity in the poker room shared by CryptoLogic licensees, as the vast majority of Littlewoods business comes from its casino site, the statement clarifies before detailing the new Crypto licensees as Khel Galli (India), Maharajah Club (UK) and OPoker (Scandinavia). The company’s top games will be available at 888.com later this summer, and the company will launch a site for Betjacks (Ireland) this fall.
 
Other major, and as yet unannounced, online gambling brands will be generating revenues for Crypto soon and are currently in the pipeline.
 
Hadfield took the opportunity to point out that in addition to adding new customers, CryptoLogic expects to earn fresh revenues by providing localised versions of its casino games and poker software to help its licensees penetrate key markets in Europe and Asia.
 
The company is also promoting player acquisition and retention by rolling out new games and content more frequently, and by continuing to ramp up its business development and marketing activities.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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