Cryptologic Back on Track
Cryptologic
Cryptologic has announced that it’s once more back on track, after its recent revenue losses dramatically slowed down. Cryptologic has struggled during the current recession; saddled with the burden of a poker network that simply wasn’t performing, as well as various other concerns, the software provider quickly began to lag behind.
Competitors soon took advantage of this though, with the likes of Playtech constantly grabbing the headlines regarding new investments and licensees. However, it looks like Cryptologic has already began to correct naysayers, as it’s already reported a 21% growth in revenue for the second quarter, which ended on the 30th of June '09.
While the company has suggested they would have liked to perform better during this quarter, they have revealed that they intend on launching over 110 new games this year. It looks like Cryptologic really is back in the race for the number one software provider and with its incredible list of licensees (Intercasino and CasinoJoy) to name a few, we reckon the software provider will definitely make a big comeback by the end of 2009.
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