Cryptologic reaches agreement with The Gaming Network

DUBLIN, Ireland -- (PRESS RELEASE) -- CryptoLogic Limited, a world leader in Internet casino and branded gaming software, has signed an agreement to provide its Internet casino software to The Gaming Network (TGN), owner of some of the U.K.'s most popular gaming sites, starting in the third quarter of 2009. The first TGN brand to carry CryptoLogic software will be www.lottery.co.uk, which receives more than 2.2 million page views and 800,000 unique visits per month.

Under the agreement, CryptoLogic becomes TGN's exclusive supplier of download casino software, and will also supply TGN's brands with a full suite of non-download casino games.

"CryptoLogic's casino software is both highly popular and highly profitable, and today that earns us the confidence of yet another European customer," said Brian Hadfield, CryptoLogic's President and CEO. "It's significant that through one agreement, CryptoLogic will supply Internet casino software to several leading brands — and that will add to our revenue and profitability in late 2009 and beyond."

The Gaming Network (TGN) is a fully licensed network gaming platform that operates under a license issued by the Lotteries and Gaming Authority of Malta. In addition to www.lottery.co.uk, TGN's popular brands include www.bingoboogie.co.uk, and www.bingonanza.co.uk.

"We are very familiar with CryptoLogic's innovative and entertaining casino software," said Andrew Branscombe, CEO of The Gaming Network. "We are extremely pleased to be using these industry-leading games on the brands we operate, beginning with Lottery.co.uk. We look forward to hearing the feedback from our players and to introducing the full suite of CryptoLogic games on our other popular sites."

With more than 280 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today. CryptoLogic has earned rave reviews from industry peers and players alike, and just recently earned Gambling Online Magazine's Top Casino Software award for the fourth consecutive year. Based on the votes of players around the world, it is widely considered the industry's top honour.

"This deal with The Gaming Network puts CryptoLogic's casino games on successful, high-traffic sites in markets where we continue to grow — and that fits in perfectly with our business strategy," added Justin Thouin, CryptoLogic's Vice President, Product Management and Business Development.