Like many casino software companies, Cryptologic experienced a loss in its 2009 figures, but the company is optimistic for 2010. Their revenue dropped by more than 35% and totaled $35.5 million, both greater than their 2008 losses. Much of the loss, $25 million to be exact, was due to impairments and restructuring.

Cryptologic is predicting a successful 2010 by the sheer number of gambling operators being licensed. They added 20 operators, tripling their total and adding big names such as Sportingbet and Betfair. These are two of the most popular gambling venues online. The gaming software company signed DC Comics for use of their superheroes and Paramount Entertainment for their popular movies like Forrest Gump and Braveheart. Other past video slot themes have included Superman and Batman.

Cryptologic also signed a three-year deal with Betsson, a leading European gaming operator. They will now be using at least nine Cryptologic games on their sites which include Cherry Casino, Betsson and Casino Euro. Casino Euro has already launched one of the games and the rest are scheduled for different times this year. Betsson has a broad portfolio that includes sportsbooks, a betting exchange, casino games, poker games, scratch cards and bingo games.

“Betsson is the latest customer to sign up to Cryptologic’s games, underscoring the value our innovative and rich content brings to operators worldwide,” said Justin Thouin, Vice President of Cryptologic. “With every new licensee, Cryptologic not only expands its global reach but also strengthens its base for generating long term revenues.”

Tags: Betfair, betsson, casino euro, cherry casino, Cryptologic, cryptologic revenue loss, justin thouin, onlineroulette.net, sportingbet

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