CryptoLogic Signs Russian Licensing Agreement
By Staff

Irish online casino software developer and supplier CryptoLogic Limited is set to enter the Russian market after signing a licensing agreement with Kurastica, a subsidiary of a major international operating company.

As a result of the multi-year multi-million dollar deal, the CryptoLogic will offer its online casino software through a number of channels to players beginning in the first quarter of 2009.

'One of CryptoLogic's goals is to expand into new markets where we can bring players the best global gaming software tailored to specific needs,' said Brian Hadfield, President and Chief Executive Officer for CryptoLogic.

'With a deep-rooted gaming culture, vast population and fast-growing Internet economy, the Commonwealth of Independent States is a very promising market. And with a seasoned local partner, CryptoLogic will bring players a truly exceptional entertainment experience.'

The Dublin-based firm revealed that Kurastica has extensive experience in the gaming markets of Russia, Ukraine, Kazakhstan, Armenia, Georgia and Belarus with experienced professionals from gaming clubs and casinos as well as creative experts from the online gaming sector.

'This breakthrough into the Commonwealth of Independent States is another clear demonstration of our success in adapting CryptoLogic's software for different customers, different players and different markets,' said Justin Thouin, Vice-President of Product Management and Business Development for CryptoLogic.

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