September 18, 2009

Cryptologic Signs Up BetSafe as 26th Licensee

DUBLIN, IRELAND - Online gaming supplier, Cryptologic, has snagged up another licensee, its second such agreement for the year.

The Irish gaming company has reached a three-year deal with BetSafe.com whereby the latter will be provided with Cryptologic's online casino gaming suite. The deal makes BetSafe the 26th licensee for Cryptologic.

Under the terms of the agreement, Cryptologic will provide Malta-licensed BetSafe with two variant casino products -- an exclusive downloadable online casino, and a non-exclusive instant-play casino -- both of which will be marketed to BetSafe's growing 250,000 customer base. The downloadable casino has over 200 games and promotional tools and will be initially offered in English, Danish, Norwegian and Swedish languages.

According to Cryptologic CEO Brian Hadfield:

"This is the first time BetSafe.com, one of the fastest-growing operators, has offered a download casino to its players. The agreement underlines CryptoLogic's credentials as a trusted partner with branded and innovative proprietary games and a technology platform that is second to none."

The Cryptologic executive also added that the agreement further allowed the company to penetrate the Scandinavian market.

"In line with our strategy, this deal also provides us with greater penetration into the Scandinavian market and is a further significant step towards our goal of profitability and long-term growth," he said.

Meanwhile, BetSafe CEO Henrik Persson expressed enthusiasm with the deal:

"We are delighted to sign this agreement with CryptoLogic, who have a proven track record of consistently delivering innovative, industry-leading betting games. BetSafe.com’s casino is committed to providing its customers with the best gaming experience available and this collaboration with CryptoLogic will help us achieve that goal."
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