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CryptoLogic Eliminates Online Poker Costs

Restructuring Continues With Departure of Chief Technology Officer

by Brendan Murray  |  Published: Feb 09, 2009

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CryptoLogic, once home to the online poker network which hosted Betfair Poker, Playboy Poker, and William Hill Poker, has announced the CryptoLogicdeparture of chief technology officer Michael Starzynski as part of its bid to reduce annual operating costs by $13 million.

The company has shifted its strategic focus towards online casino and branded gaming and is phasing out its online poker network.

“As part of CryptoLogic's plan, the company is eliminating the costs of operating a standalone poker network and also reducing its servers by 75 percent,” the company said. “As a result the chief technology officer's role will not be replaced directly, and CryptoLogic will divide operations and development functions between other managers.”

 
 
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