Cryptologic Casino Software
- Cryptologic Casino Software App
- Cryptologic Casino Software Developer
- Cryptologic Casino Software Free
- Cryptologic Online Casino Software
| Industry | Business Software & Services |
|---|---|
| Founded | 1995 |
| Founder | Andrew Rivkin, Mark Rivkin |
| Headquarters | , |
| Brian Hadfield | |
| Parent | Amaya Inc. |
World-renowned Cryptologic casino software developer provides online casino software of all types of casino games to online gaming sites throughout the world. This Toronto-based company has created dozens of online slot games and has developed more than 200 online casino games from blackjack to roulette and everything in between. Orginally, Cryptologic was a cash processor for other internet casinos. After a while in the business, they realized there was a niche that they could expand into and they opened Inter Casino. That was their entry into developing internet casino gaming software and since then, they have gotten away from running casinos, but have become one of the leaders in casino software and cash processing.
Cryptologic Limited was a Dublin, Ireland-based software application service provider (formerly Toronto, Ontario, Canada), one of the oldest established in the online gambling industry. It was acquired by the Amaya Gaming Group in 2012 and has since had its business-to-consumer division, WagerLogic, sold to a third party.
History[edit]
Cryptologic Casino Software App
CryptoLogic was founded by brothers Andrew Rivkin and Mark Rivkin in 1995 from the basement of their parents' house. The brothers wanted to find a real life application for a secure online financial transaction system which they had developed.
Cryptologic Casino Software Developer
Through a subsidiary company called WagerLogic, the company handles the licensing of its gaming software, support services and payment processing, ECash.
Cryptologic Casino Software Free
The company launched their first licensee, InterCasino, in 1996. Since that launch the company has made deals for several other online casino and online poker rooms, including one with William Hill plc, a leading bookmaker in the UK and the first land based operator to go online with a casino. A deal with Littlewoods Gaming led to the gaming software being certified in the Isle of Man in 2002 and Ritz Club certified by the Alderney Gambling Control Commission in 2004.
In January 2004, CryptoLogic Ltd. announced the licensing agreement with Betfair for the launch of an exclusive online poker game.[1]
In addition to the casino and poker products, CryptoLogic also now offers online bingo software. Their casino games can be played in a downloadable and a Java based software version.
CryptoLogic listed on the Toronto Stock Exchange (CRY) in 1998 and on the NASDAQ (CRYP) in 2000. In 2003 the company began trading on the London Stock Exchange (CRP) before achieving gaming software certification in Alderney.
Under Lewis Rose's leadership as President, Chief Executive Officer and Director from 2002 - 2007, CryptoLogic's market capitalization grew from $90 million to over $400 million.[citation needed]
The Playboy brand launched casino and poker products on Playboygaming.com using CryptoLogic software in early 2007.[2]
World Poker Tour Enterprises (WPTE) also joined the CryptoLogic network in 2007, offering both casino and poker products.
Takeover by Amaya Gaming Group[edit]
In April 2012, Cryptologic was acquired by the Amaya Gaming Group in a $35.8 million cash for shares takeover.[3] Amaya subsequently sold Cryptologic's business-to-consumer facing subsidiary, WagerLogic, to Goldstar Acquisitionco Inc in a transaction valued at $70 million in February 2014.[4] This sale included all of Cryptologic's consumer facing online gambling sites including InterCasino, InterPoker, and InterBingo.
Notes[edit]
- ^'CryptoLogic Announces Exclusive Online Poker Agreement With Betfair, The World's Largest Betting Exchange'. January 15, 2004. Retrieved Jul 17, 2013.
- ^Motley Fool: A Stock With Great Prospects
- ^Casino Listings: Cryptologic Loses Ground In First Quarter
- ^Amaya Gaming: Amaya Gaming Group announces its 2014 first quarter financial results
The history of Cryptologic dates back to 1995. This company was among the pioneers of the online gambling industry and has managed to obtain a solid reputation in the intervening years. The head office of the company is currently located in Dublin, but the original company was situated in the beautiful city of Toronto. Cryptologic was established by the Rivkin brothers but it was later acquired by the Amaya Gaming Group for around $40 million. It didn’t mean the end of the company because it kept its name as well as its positions of one of the most popular providers of software for the online casinos.
Pros of Cryptologic Casinos
Choosing Cryptologic as a provider of casino software is one of the wisest decisions an online casino can make. Their software is as close to perfection as it gets: it runs without a hitch, contains very detailed and colourful graphics, funny symbols, and realistic sounds. Players will also enjoy many fascinating features and generous bonuses.
Games
Cryptologic Online Casino Software
Casinos which run on the platform provided by Cryptologic have the broadest selection of table games, progressive slots, and video poker games. Cryptologic is responsible for the creation of over 200 original games which you can find in the most popular online casinos. The gaming content can be downloaded to the computer or accessed directly from the browser.
Slots. Cryptologic continues to develop new games on the regular basis. Here are the names of the most recent titles: Captain Nemo, Monte Cristo, and Fire Flies. The list of classical games includes Wild Panda, Doctor Love, and Chilli Gold.
Other Games. Although Cryptologic specialises mainly in slot games, it also has a decent selection of other types of games, such as different kinds of blackjack, poker, table games, and slots. The most popular titles include Vegas Blackjack, Three Card Poker, Jacks and Better, and Aces and Faces.
Millionaire’s Club Progressive Jackpot
Progressive jackpots have always fascinated the minds of players because they offer the chance to become a rich person in a matter of seconds. Since Cryptologic always tries to satisfy all players’ needs, its developers have come up with not one but three progressive slots called Millionaire’s Club that have an interlinked jackpot.
Starting from 2009, 11 people have won the jackpot which averaged at around $2,32 million. If you want to take a hit at a tasty jackpot, just find Millionaire’s Club in any popular online casino.
Banking
Ecash Direct is software developed by Cryptologic that processes payments which take place in casinos in US dollars, British pounds, Euro. Cryptologic-powered casinos also carry out financial operations with credit cards, electronic wallets, and internationally recognised payment systems like FirePay or Neteller.
Licensing
All business activities of Cryptologic are overseen by the Alderney Gaming Control Commission. The company’s software is also licensed by the authorities of the Isle of Man. In 2012, after the merger with Amaya, Cryptologic has automatically more than 100 licenses from such regulators as the UK Gambling Commission and the Gibraltar Gaming Association. The company also bears the seal of approval by eCOGRA and undergoes regular audits by TST.
Cryptologic is one of the oldest casino software providers and its impeccable reputation is more than enough for players to conclude that it is also one of the safest products on the Internet as well. Cryptologic is regulated by the reputable Alderney Gaming Control Commission and it also holds a licence by the Government of the Isle of Man. In addition, when it was acquired by Amaya in 2012 it became a part of a well known company which holds over 100 licences including the ones from the UK Gambling Commission, Gaming Authority of Malta and Gibraltar Gaming Association. Finally, the software is regularly tested by the independent auditor TST and it has the eCOGRA seal for fairness as well.