CryptoLogic Acquires Maltese Online Gaming Licenses for InterCasino

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CryptoLogic Limited, a developer of branded online betting games and Internet casino software, has acquired the Maltese online gaming licenses for InterCasino from OIGE, a long-standing customer of the Company’s fully hosted online casino platform. The transfer of the licenses has been cleared by the Maltese Lotteries & Gaming Authority.

Cryptologic offers an extensive range of Internet gaming solutions, including one of the world’s largest legal online poker rooms. The company, headquartered in Toronto, said it bought the licenses for “nominal consideration” from OIGE.

Currently involved in takeover talks with Amaya Gaming Group, CryptoLogic could soon be acquired by the Canadian firm for upwards of £34.5 million with a final declaration regarding the proposed deal expected before next Thursday.

About CryptoLogic(R)

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.

Reported by Maggie B.

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