Online Gambling Totesport Goes With Cryptologic
Published: Tuesday, July 28, 2009 Online-Casinos.com
Cryptologic, the now Irish headquartered, Canadian pioneer online gambling software developer has penned an agreement with the Totesport the UK wagering company. Established by an Act of Parliament in 1928 the Tote is now the fourth largest bookmaker in the UK. Its original purpose was to offer on-course pool betting on horseracing as an alternative to starting price betting with bookmakers and to distribute its profits for "purposes conducive to the improvement of breeds of horses or the sport of horseracing". This company has definitely come along way and will shortly be online with at least six of Cryptologic's most popular slot games for the Totesports web site.
Back in June of 08 Minister for Sport Gerry Sutcliffe announced that Mike Smith would take the helm as the new Chairman of the Tote. Mr. Smith said then about his appointment, "We all recognise the need to bring certainty to the Tote's future as quickly as possible." He is fulfilling that goal with the addition of Cryptologic's games.
Orbis Technology, one of the world's top platform solutions providers for the gambling industry will launch the Cryptologic games by the third quarter of this year. Cryptologic will receive its revenues from the wagers placed on Totesport which in the past has proven to be succesful mainly because of the quality of the games.
Cryptologic now has 23 licensees to it's credit. Vice President of CryptoLogic, Justin Thouin, said of the multi year agreement, "Totesport is one of the most respected brands in the UK betting industry and we are delighted that its customers will be able to pit their skills and enhance their enjoyment with Cryptologic games. With this agreement we now have consolidated our strong position in Britain's online gaming sector with a goal to return to long-term growth."
The Tote has annual revenues of GBP 2.8 billion, 4 000 employees, and over 500 high street shops in it's stable. E-Gaming and Marketing Director of Totesport, Keith Oliver, said, "Our agreement with Cryptologic brings together two very trusted brands from bookmaking and gaming content. We are confident this collaboration will not only bring a new level of enjoyment for our customers but will also help to drive our ongoing expansion into online gaming."
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