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PARTYGAMING DEAL SIGNED WITH CRYPTOLOGIC
Internet gambling software provider CryptoLogic Limited, has announced a five-year licensing agreement with the London-listed major online gambling group PartyGaming plc.
CryptoLogic will initially provide PartyGaming with a suite of its branded casino games, and expects these to be launched in the first quarter of 2009, adding significantly to the company's 2009 revenues. The agreement gives PartyGaming the option to add any other CryptoLogic-powered casino games in the future.
Brian Hadfield, CryptoLogic's President and CEO said: "We are delighted to welcome PartyGaming as our latest partner. This is one of CryptoLogic's biggest customer wins of the year and an endorsement of the branded games element of our new strategy. PartyGaming has chosen six CryptoLogic games that represent four different partnerships with world-famous entertainment brands."
PartyGaming represents CryptoLogic's ninth new customer in 2008, joining an impressive list of established and emerging gaming brands that includes 888.com, Sky Betting and Gaming, Gaming Media Group (The Poker Channel), Maharajah Club, OPoker, Kurastica, Betjacks and Khel Galli.
"PartyGaming and CryptoLogic are two of the biggest names in Internet gaming - and we're excited to bring some of CryptoLogic's greatest games to our players for the first time," said Jim Ryan, PartyGaming's Chief Executive Officer.
"This agreement reflects PartyGaming's strategy to broaden our product base - and grow our player base - through innovative alliances. Because these games will be great for our players, they will be good for our business."
PartyGaming already has an exclusive licensing deal with Paramount Pictures' digital entertainment arm, and it has used this to create its own series of movie-themed online slots based on Top Gun, The Godfather, Saturday Night Fever and Mission: Impossible.
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