Cryptologic

The famous company Cryptologic Limited used to be considered one of the world's leading developers of software for most kinds of online gambling. It released several hundred top-level online casino games, which were widely used on many major portals.
However the developer lost its position on the market because of the events discussed below.
 

 

History of the Brand
Let’s discuss the key events in the history of the company:

  • 1995 – The brand was invented by brothers Andrew Rivkin and Mark Rivkin. Their first "office" was located in the basement of their parents’ house.
  • 1996 – The first license agreement was signed with InterCasino. Cryptologic offered its products via a subsidiary enterprise called WagerLogic
  • 1998 – Cryptologic was presented on the Toronto Stock Exchange.
  • 2000 – The company appeared on the NASDAQ (CRYP).
  • 2002 – The agreement with Littlewoods Gaming was concluded. It allowed obtaining a license of the Isle of Man Gambling Supervision Commission.
  • 2003 – Shares of Cryptologic appeared on the London Stock Exchange.
  • 2004 – The company was licensed by the Alderney Gambling Control Commission.
  • 2004 – Cryptologic signed an agreement with Betfair for provision of exclusive poker software.
  • 2007 –World Poker Tour Enterprises (WPTE) joined the network of the company.
  • 2012 – Cryptologic was acquired by the Canadian company Amaya Gaming.
  • 2015 – Amaya sold Cryptologic to NYX Gaming.

The period from 2002 to 2007 is supposed to be the most successful time in the history of the company. It was managed by Lewis Rose. During that time, its market capitalization reached four million, and its staff exceeded three hundred employees. Software of Cryptologic was very popular and in demand among customers of dozens of famous online casinos and online poker rooms.
Then a series of mistakes in management resulted in a serious crisis. The company lost its leading position, and its products started being inferior to the games of other developers.
In April 2012, Cryptologic was purchased by Amaya for almost thirty-six million dollars. Soon, the new owner decided to sell the WagerLogic brand with an online casino, poker room, and bingo hall running on the portal Inter to Goldstar Acquisitionco.
The business of Amaya with Cryptologic did not pan out, so the brand with the Chartwell trademark was sold to NYX for one hundred and fifty million.

Online Games of Cryptologic
The company released hundreds of different games of all popular genres. Its portfolio includes remarkable slots, exciting card and table games, and interesting models of unusual formats.
Many developments of Cryptologic were innovative for their time and made a lasting impression on users due to their stylish design, incredible bonus rounds, various interesting topics, and other features.
The company was one of the first developers of branded slot machines dedicated to cult movies, famous superheroes, and popular table games. Forrest Gump, Batman, Superman, and Braveheart are just some of the slots released by Cryptologic, which allow fans to meet their favorite characters.
Initially, the games could be downloaded as a client program, which had to be installed. When the brand was acquired by Amaya, the new owner switched to flash versions, which were more spread on the modern gambling market.
Licenses issued by governments of several countries allow Cryptologic to offer its software to users from most countries and regions, where online gambling is not banned by the legislation.

Partners
Despite all the unpleasant events in the history of the company, which were discussed above, software of this brand is still available on many gaming portals. Logos of such gambling establishments can be found below. Most of them are multi-platform gambling houses running on software of different brands.
NYX, which owns Cryptologic, cooperates with many famous gambling operators, so we hope that the list of casino games released by Cryptologic will be expanded.

Contact Details
Feel free to contact representatives of NYX Group concerning any questions relating to cooperation with the company. Open the page Contact on the official website www.nyxgaminggroup.com to find contact details of NYX representatives.

Conclusion
Cryptologic used to release great games with numerous advantages for many years. This brand manufactured amazing models with colorful graphics, exciting features, user-friendly interface, and other advantages. However it should be admitted that the recent novelties of Cryptologic are inferior to developments of leading manufacturers in all respects.
It remains to be seen whether Cryptologic will be successful or not. The company changed its owner again. It forms a part of a very large corporation, so that its further fate depends on the managers of NYX.

The portal en.Casinoz.me will follow the achievements of Cryptologic. Write your comments about software of this brand and share your personal experience. Your opinion is important to us. Feel free to rate this company.

Rating: 6.25 / 10
( votes: 8 )
Date: 2009-08-03
165
Rated by author: 8.000
Rating: 7.12
Site language: English

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