Endorsement For Online Poker Software
Published: Thursday, January 12, 2006 Online-Casinos.com
ENDORSEMENT FOR WAGERLOGIC ONLINE POKER SOFTWARE
Ukbetting extends Cryptologics license to online poker software valid to 2009
British sports content and online betting group UK Betting, gave Cryptologic gambling software subsidiary Wagerlogic a ringing endorsement this week when it extended its online poker software license through to end 2009.
The British gambling group will continue to use WagerLogic's online poker software exclusively, and its online casino software until 2008, on the UKbetting.com and Totalbet.com sites, a CryptoLogic spokesman said.
Late last year the betting exchange Betfair extended its online poker license in a similar manner.
"CryptoLogic is proud that Ukbetting has reaffirmed its confidence in our award-winning Internet gaming software, particularly benefiting from the liquidity of our poker network," said CryptoLogic CEO Lewis Rose.
Rose went on to say that his company is growing its business with the world's blue-chip gaming brands - and ukbetting is one of the major European names on the list.
"By leveraging CryptoLogic's proven poker offering with ukbetting's extensive user base, we continue a winning combination to generate the highest returns," he said.
Online poker has accounted for the majority of ukbetting's revenue generated from CryptoLogic-developed poker software, which has been driven by the strong crossover from ukbetting's sports content users to poker.
The software contract renewal provides for WagerLogic's poker product to be integrated into ukbetting's single E-Cash wallet, to enhance the cross-marketing opportunities between ukbetting's 8.75 million monthly UK and European sports fans to its Internet poker services.
UK Betting CEO Eric Semel said that the relationship with Wagerlogic had been mutually rewarding: "I'm delighted that WagerLogic and ukbetting will continue this mutually rewarding relationship, which has contributed to a more than 100 percent year-over-year increase in our poker and casino revenue," he said.
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