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Press Release
CryptoLogic Consolidates Its Market Position by Joining
Forces with Top Slot Game Developer to Broaden Distribution
of Industry Leading Branded Content
Exclusive
deal with NextGen Gaming gives CryptoLogic access
to a global online and land based distribution network
and cements its position as the leader in branded
content provision in the online gaming space
DUBLIN,
IRELAND, Nov 7, 2008 - CryptoLogic Limited, a leading
software developer to the global Internet gaming market,
has signed an exclusive multi-year agreement with
NextGen Gaming, the world's leading independent developer
of slot games for the international gambling industry.
Under
the deal, CryptoLogic will collaborate with NextGen
to develop new branded slot games for the company,
and in return, NextGen will provide branded games
exclusively to CryptoLogic within the online gaming
space. Additionally, the companies will combine their
extensive sales and distribution networks to allow
CryptoLogic to license these branded games to the
world's top online and land-based organisations. Next
Gen has existing commercial relationships with a great
majority of the top operators and suppliers in the
industry.
The
ultimate goal of the collaboration is to ensure that
branded content providers look no further than CryptoLogic
when choosing a partner with whom to take their brands
into the online gaming space. This will be achieved
by continuing to create the best games in the industry
and by ensuring that the games are live at as many
top operators as possible.
"For
CryptoLogic, this is a most significant and unique
strategic partnership - one that gives us new access
to one of the industry's broadest, deepest and most
successful distribution networks," said Brian
Hadfield, CryptoLogic's President and CEO. "This
will allow CryptoLogic to deal with the best brands,
develop the best games, and deliver the best experiences
to players around the world - whether they're on land
or online."
"Branded
content in gaming is powerful, because it combines
a familiar theme with an exciting new experience,"
said Matt Davey, CEO of NextGen Gaming. "In selecting
CryptoLogic as our Internet gaming software partner
for branded content, NextGen has chosen a pioneer,
an innovator and a leader. It's a powerful partnership
that promises both performance and profitability."
In
recent years, CryptoLogic and NextGen have worked
together and distinguished themselves with highly
successful branded slot games, including titles based
on the world-famous Marvel Super Heroes, Street Fighter
II, and the highly anticipated King Kong. CryptoLogic
has also excelled with casual branded games such as
Bejeweled, Cubis, and Jewel Quest. As one element
of its new strategy, CryptoLogic plans to consolidate
its leadership position in this area by aligning with
additional content providers to bring the best brands,
with the best games to the online gaming market.
"In
2008, CryptoLogic has shown innovation not just with
its games, but also with its partnerships," added
Justin Thouin, CryptoLogic's Vice President of Product
Management and Business Development. "With a
partner like NextGen - who knows the industry like
very few others, and who has a distribution network
like few others - CryptoLogic will take its software
to new people and new places. With this agreement,
CryptoLogic cements its position as the undisputed
leader in the provision of branded content in the
online gaming space. We can now offer the best games,
and the broadest distribution network with our ability
to tap into all of the online and land based partnerships
that CryptoLogic and Next Gen have established."
About
CryptoLogic(R) (www.cryptologic.com)
Focused
on integrity and innovation, CryptoLogic Limited is
a world-leading, blue-chip public developer and supplier
of Internet gaming software. Its leadership in regulatory
compliance makes it one of the very few companies
with gaming software that is certified to strict standards
similar to land-based gaming.
WagerLogic(R)
Limited, a wholly-owned subsidiary of CryptoLogic,
is responsible for the licensing of its gaming software
and services to blue-chip customers who offer their
games around the world to non-U.S. based players.
For information on WagerLogic, visit www.wagerlogic.com.
CryptoLogic's
common shares trade on the Toronto Stock Exchange
(CRY, CXY), the NASDAQ Global Select Market (CRYP)
and the Main Market of the London Stock Exchange (CRP).
About
NextGen Gaming(R) (www.nextgengaming.com)
NextGen
Gaming Pty Ltd is the world's leading independent
supplier of innovative games to the gambling industry.
NextGen has delivered hundreds of games to its international
partners and gained a reputation for delivering the
best player experience. The company prides itself
on delivering exceptional game performance and game
longevity that translates into profit for its partners
and a great experience for their players.
Press
Release
Marvel
comics strikes web casino deal
Online
casino game developer CryptoLogic has secured a multi-year
licensing agreement with comic book firm Marvel Enterprises,
home to super hero brands such as X-Men, Blade and
The Hulk.
The
deal will makes CryptoLogic the sole developer of
Marvel-branded casino slot games on the Internet.
Under the agreement, an initial six Marvel-themed,
multi-currency jackpot video slot games are set for
release this autumn. Players have the chance to win
cash prizes in US dollars, Euros and Pounds Sterling.
Characters
including The Hulk, Daredevil, The X-Men, Blade and
The Punisher will feature in five new 9-line progressive
jackpot video slot games. The new games offer multi-stage,
interactive bonus levels with three separate jackpots
available to be won. In addition, The Hulk will feature
his own Fruit Machine game.
The
deal, announced today but signed in late 2004, was
made through CryptoLogic's wholly-owned subsidiary,
WagerLogic.
Lewis
Rose, CryptoLogic's president and CEO, said "By
delivering big-name action like the X-Men and The
Hulk to the Internet, we're enhancing the entertainment
factor of CryptoLogic games - and helping our customers
appeal to an even wider player audience."
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