Poker Software Developer Announces New Product

CryptoLogic Inc, a gaming software company that licenses its products to many poker sites, including William Hill, The Ritz Club London, Littlewoods Gaming, and ukbetting plc, announced it completed a new upgrade of its poker platform.

The company says its new "Distributed Poker" system provides licensees seamless mobility to locate their shared online poker room in markets that offer the best growth opportunities, without any interruption to games or players.

Lewis Rose, CryptoLogic's President and CEO, explained what that means to his customers: "Distributed Poker gives our group of poker customers the ability to select the most attractive markets for their shared room, both today and in the future. This is a critical advantage as operators prepare for regulation of the UK market and as new opportunities present themselves around the world."

The software also tripled the capacity of the room to enable more than 50,000 simultaneous online players. It will also allow for near-perfect network uptime, and will enable seamless updates of new features and games - without any interruption to the room, the company says.

CryptoLogic's software is licensed by a wholly-owned subsidiary called WaterLogic. According to WaterLogic, CryptoLogic's software has processed more than $20 billion in wagers for over 1.9 million players in 240 countries since 1996. More than 80 Internet casinos use its software.

"Distributed Poker represents a state-of-the-art platform for CryptoLogic to continue its strong market position in online poker and execute its strategy of game innovation that satisfies the heart of the online player," said A.J. Slivinski, WagerLogic's managing director.

CryptoLogic's stock is traded on the Toronto Stock Exchange, the Nasdaq National Market and the main market of the London Stock Exchange. The company is based in Toronto.

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