The Rizh Club Online Casino Leaving Cryptologic
Published: Saturday, May 06, 2006 Online-Casinos.com
THE RIZH CLUB ONLINE CASINO LEAVING CRYPTOLOGIC
An up and down week for online casino software developer Wagerlogic/Cryptologic
Cryptologic's gambling software arm, Wagerlogic has confirmed that the UK-based The Ritz Club Online is to stop licensing it's online casino software in October 2006.
The parent group said the move would have "no material impact" on its results as the Ritz accounts for less than 2 percent of its revenues.
It was not all bad news at the provider, however - Wagerlogic has extended its exclusive licensing agreement with Overseas Internet Gaming Entertainment, owners of major revenue earning gaming sites such as Intercasino and Interpoker, and the royalty agreement remains unchanged right through to 2012.
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