Software Provider Signs Deal for Playboy Online Casino
Profits rise 58 per cent to $7.7 million
Friday 12th May 2006
CryptoLogic Inc. has announced the signing of a 3-year contract to provide software for Playboy Enterprises internet casino.
In addition to the Playboy deal, CryptoLogic has also reported revenues of $27 million in the three months to March 31, compared with $20.3 million a year ago. That’s an increase of 33%.
The deal with Playboy means that the adult brand should have its own online casino towards the end of 2006.
'It's a winning combination that met our strict criteria: a recognized brand, established user base, and global marketing strength,' said CryptoLogic CEO Lewis Rose.
Meanwhile, Playboy Chief Executive Christie Hefner said, 'Playboy looks forward to rapidly expanding our broadband and wireless gaming initiatives.'
