CryptoLogic clinches new licensing deal with BetClic Everest Group Subsidiary
New contract with Everest Gaming Ltd. subsidiary follows initial deal signed in 2009
DUBLIN, June 20, 2012 /CNW/ - CryptoLogic Limited, an Amaya Gaming Group (TSX.V: AYA) company and a leading developer of online betting games, announces that it has expanded its relationship with BetClic Everest Group, one of the world leaders in online gaming, by signing an additional multi-year deal with its Everest Gaming Ltd. ("Everest") subsidiary.
Under the terms of the new agreement Everest will launch a minimum of 8 of CryptoLogic's award winning casino slot games. The first game went live in May and the remaining titles will be launched during this year. These 8 new games will be available on all Everest brands, including the flagship brands EverestCasino.com, ImperialCasino.com and Casinoelegance.com.
Ian Price, Vice President Operations at CryptoLogic, said: "This expanded agreement strengthens our existing relationship with BetClic Everest Group, and will enable millions of their players to enjoy an even broader variety of CryptoLogic games. BetClic Everest Group have been a successful licensee with CryptoLogic since December 2009 and their desire to gain access to a wider range of CryptoLogic's thrilling games once again illustrates the quality of our content."
Etienne Leroy Director of Casino, at Everest, commented: "At Everest, we pride ourselves on the variety of games we have on offer to our customers, and we are therefore delighted to be release the CryptoLogic games on all our 7 Casino brands. By delivering value and entertainment for our online customers, it is no surprise these games have proven popular on our sites thus far, and we are pleased to be building on our relationship with CryptoLogic for the future."
About CryptoLogic® (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a leading developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The Company's licensees include many top Internet gaming brands. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. The CryptoLogic Group licenses gaming software and services to blue-chip customers that offer their games to non-US based players around the world. CryptoLogic was acquired by Amaya Gaming Group Inc. of Canada in March 2012.
About Amaya Gaming Group
Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, Africa and Asia, Amaya is an innovator in the gaming world.
Headquartered in Montreal, Canada, Amaya provides a host of services and solutions that range from: online and mobile gaming casino games and platforms, traditional and mobile lotteries, networked electronic gaming systems, hospitality in-room entertainment systems, management systems, content suites, advisory and management services, and integrity monitoring and auditing systems for the regulated gaming markets. For more information please visit www.amayagaming.com or www.amayaonline.com.
About BETCLIC EVEREST GROUP
BetClic Everest Group, one of the world leaders in online gaming, has a unique portfolio comprising of four diverse and complementary international brands: Everest Gaming, BetClic, bet-at-home.com and Expekt. Led by Ignacio Martos, BetClic Everest Group is owned equally by Lov Group and La Société des Bains de Mer. The Group operates a broad on-line gaming offer: sports and horse-race betting, poker, casino and bingo. This is backed up by customer service facilities which are available in 25 languages. Active in 100 countries with more than 12 million customers worldwide, the Group boasts more than 1,000 employees spread over 25 countries. BetClic Everest Group is committed to promoting secure and responsible gaming and is a member of several international professional associations including the EGBA (European Gaming and Betting Association) and the ESSA (European Sports Security Association).
Disclaimer in regards to Forward-looking Statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."For further information:
Ian Price, VP Operations +44 (0) 207 616 1947
For Amaya Gaming Group Inc.
Jeff Codispodi, Equicom +1 (416) 815-0700 ext. 261
Neil Thapar, Alexis Gore +44 (0) 207 618 9100