Cryptologic Signs Asian Customer

The South Asian Market is booming, and Cryptologicis right there to help develop a new gaming brand. This is interesting reading.

May 15, 2008 (Dublin, IRELAND) – CryptoLogic Limited, a world leader in Internet gaming software, has signed an agreement with Khel Galli – one of South Asia’s fast-growing on-line gaming companies – to develop and launch KhelGalli.com, a new Internet gaming brand for this high-growth market.

“In 2008, CryptoLogic is on the move — launching new games, building new partnerships and entering new markets — and of course South Asia is near the top of our list,” said Brian Hadfield, CryptoLogic’s President and CEO. “For CryptoLogic, it’s exciting to earn the confidence of Khel Galli, a rapidly expanding Asian gaming brand. Khel Galli will offer South Asian players a truly unique gaming experience — our best global products tailored to local tastes and needs.”

The new agreement, made through CryptoLogic subsidiary WagerLogic, provides Khel Galli with one of the Internet’s most extensive online casino and poker offerings.  The Khel Galli poker site is expected to launch in the second quarter of 2008, followed by the release of a mini-casino which will include a subset of CryptoLogic’s top-performing casino games later in the year. CryptoLogic will implement full gaming suites on this site, including more than 200 casino games and non-downloadable poker and casino products in 2009.

“For Khel Galli, we wanted a respected partner who could understand the market and develop an exceptional experience for our target audience – and CryptoLogic is an ideal fit,” said Ganesh Mallya, Khel Galli’s CIO. “CryptoLogic’s industry expertise and reputation for integrity will help us expand and broaden our competitive edge for the South Asian market.”

The combination of Khel Galli’s marketing expertise in South Asia with CryptoLogic’s proven ability to produce exciting games and deliver them on a reliable and secure platform creates significant potential for a market-shaping partnership.

“CryptoLogic’s agreement with Khel Galli is another clear demonstration of CryptoLogic’s ability to tailor our software to the specific needs of different customers, different players and different markets,” added Antony Demetriades, Managing Director of WagerLogic.

About CryptoLogicâ (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that has been certified to strict standards similar to land-based gaming.

WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of CryptoLogic software and services to customers who offer their games around the world to non-U.S. based players. For information on WagerLogicâ, visit www.wagerlogic.com. CryptoLogic’s common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

The U.S. needs to take heed and follow suit. They don’t realize what they are missing out on. With any hope they will soon!