Dublin-based CryptoLogic Limited has announced that an investment in Mahjong Time will help the online gambling software developer and supplier take major strides in Asia.
CryptoLogic recently signed a licensing agreement with San Diego-based Mahjong Time that will see it gain access to half of the Internet cafes in China. For its part, Mahjong Time will now be able to take advantage of a comprehensive marketing presence in more than 30 provinces and 251 cities through some 1,200 wholesale distributors.
“All of CryptoLogic’s Asian investments are meeting or exceeding their targets and ours,” said Brian Hadfield, President and Chief Executive Officer for CryptoLogic.
“We knew the global mahjong market had huge potential and that potential is quickly turning into reality. As CryptoLogic’s Asian business continues to grow, our investments in different partners and platforms enable us to penetrate each market more effectively for the benefit of our customers, our players and our shareholders.”
Asia is quickly becoming the next major geographic area for online gaming with numerous industry experts predicting that it will one day surpass all others. China is now the largest Internet market in the world with 253 million users, surpassing the United States for the world’s number one spot.
“Thanks to CryptoLogic’s investment, we’ve been able to grow even more quickly, capitalising on the enduring popularity of a game enjoyed by more than 600 million people worldwide,” said William Sutjiadi, Chief Executive Officer for Mahjong Time.
“Our partnership with various Asian licensees demonstrates Mahjong Time’s commitment to work with companies who offer value and vision and to deliver the best software solutions to our customers.”