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Cryptologic Chosen To Power W.p.t. Online Gambling Site
But US players will be excluded, thanks
to the UIGEA
Top online gambling software developer and turnkey provider CryptoLogic
Inc., and WPT Enterprises Inc. (WPTE), a leader in poker entertainment,
announced today (Wednesday) a three-year contract that will move
the World Poker Tour’s (WPT) gaming site for the international
market to the world’s largest non-US shared gaming network.
The agreement, entered into with CryptoLogic’s wholly-owned
subsidiary, WagerLogic Limited, will introduce CryptoLogic’s
popular poker software while delivering a unique WPT look and feel.
The new WPT poker room is expected to launch in June 2007.
"Liquidity is a big deal in this business," said Steven
Lipscomb, President, Founder and CEO of WPTE. “CryptoLogic
has proven itself to be an industry leader that delivers a superior
product. This deal ensures that starting with day one of our online
gaming re-launch there will be a plethora of cash games and tournament
offerings available for our customers on a stable and proven platform."
"We will launch with a look and feel unique to World Poker
Tour and will work with WagerLogic to incorporate additional WPT
features that will begin to redefine and distinguish our product
and customer experience."
“It is the perfect strategic step for both companies, as
World Poker Tour and CryptoLogic are pioneers in the global gaming
phenomenon,” said Javaid Aziz, CryptoLogic’s new President
and CEO.
“WagerLogic’s flexibility in working with licensee-specific
software needs, as well as its adherence to strict regulatory standards
and our shared commitment to growth in markets where on-line poker
is embraced, are just some of the key factors that brought WPT and
CryptoLogic together.”
In line with U.S. legislation, none of WagerLogic’s licensees
takes wagers from U.S.-based players.
The three-year contract between WagerLogic and WPT will run until
June 30, 2010, with an expected go-live date for poker in June 2007.
WagerLogic will also provide the eCash services and support and
customer call services to the WPT gaming sites. WagerLogic will
also develop a suite of casino games for WPT, which will include
Blackjack, Roulette, Millionaire’s Club, Bejeweled and The
Hulk.
In related news, Hemscott.com reports that CryptoLogic has applied
to de-list its shares from the Toronto Stock Exchange, the NASDAQ,
and the Official List of the UK Listing Authority. It will also
soon cancel trading in its shares on the London Stock Exchange's
EEA Regulated Market.
The move follows the company's decision to relocate its headquarters
from Toronto, Canada to Dublin, Ireland to be nearer to its large
European customer base.
A new parent company, CryptoLogic Ltd, is expected to be listed
on the TSX, NASDAQ, and UK Official List in June.
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