DUBLIN, IRELAND — (Marketwire) — 02/08/12 — CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a developer of branded online betting games and Internet casino software, announces that it has signed a multi-year licensing agreement to provide a portfolio of CryptoLogic-s games to the Societe du jeu virtuel du Quebec (SJVQ), the online gaming division of the provincial state lottery corporation Loto-Quebec, known as Espacejeux.
Under the terms of the agreement CryptoLogic has granted Espacejeux () the licensing rights to a minimum of 14 of CryptoLogic-s top performing games. The games will be rolled out over the next year with the first game already live on the website. The games will be distributed through the OpenBet fixed-odds games platform.
Ian Price, Group Head of Business Development at CryptoLogic, said: “We are delighted to welcome Espacejeux as the latest customer of CryptoLogic, underscoring both our content-s quality and global reach. Working with governmental organisations such as Loto-Quebec underpins CryptoLogic-s reputation for delivering innovative but also responsible gaming solutions.”
Espacejeux opened its online gaming platform in 2010. It combines entertainment with a high level of performance and the enjoyment of gaming, all of which dovetails with Loto-Quebec-s vision of becoming a worldwide leader in the responsible marketing of games of chance.
Francois Poulin, General Manager for Espacejeux, commented: “We remain at the forefront of the gaming industry by banking on our integrity, dynamism and innovation. We are committed to delivering on our mission to manage legal and responsible online gaming and working with CryptoLogic will enable us to provide a more diverse array of games for Quebecers, and enhance their online experience.”
About CryptoLogic® ()
Focused on integrity and innovation, CryptoLogic Limited is a leading developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world-s most famous action and entertainment characters. The Company-s licensees include many top Internet gaming brands. CryptoLogic-s leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. The CryptoLogic Group licenses gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
This press release contains forward-looking statements within the meaning of applicable securities laws. Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “may”, “will”, “would” and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance or achievements of the company to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, without limitation, risks associated with the company-s financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations and risks associated with competition. Additional risks and uncertainties can be found in the company-s Form 20-F for the fiscal year ended December 31, 2010 under the heading “Item 3 – Key Information – Risk Factors” and in the company-s other filings with the US Securities and Exchange Commission and Canadian provincial securities commissions. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Contacts:
CryptoLogic Limited
Ian Price
Group Head of Business Development
+44 (0) 7769144797
Luther Pendragon
Neil Thapar
+44 (0) 207 618 9100
Luther Pendragon
Alexis Gore
+44 (0) 207 618 9100
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