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Casino Beacon > Online Casinos > New Casino Bonuses > Bonus Archive 21 October 2008 CryptoLogic To Focus On Casino, Branded Games The Online Casino Software provider Cryptologic has announced that it is embarking on a focused strategy centred on its Online Casino business, as exemplified by licensing of Casino Games to PartyGaming Plc. The strategy leverages the company's fast-growing list of new customers, acknowledged leadership in casino games, and a pending partnership with one of the world's largest Poker networks to achieve substantial revenue growth while reducing annual operating expenses by $12- $15 million. "For several months, CryptoLogic has been both assessing the changing market and looking at what we do best - and the result is a clear strategy for enhanced profitability," said Brian Hadfield, CryptoLogic's President and CEO. "It's a strategy that will focus on CryptoLogic's core strengths: developing the most innovative games, licensing our acclaimed casino software to top gaming sites, and leveraging our lead in branded content by partnering with the world's top entertainment brands." |
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