Key Developments For CryptoLogic
CryptoLogic (CRYP.O) (Nasdaq)
CryptoLogic Limited Declares Quarterly Dividend
CryptoLogic Limited announced that its board of directors has declared a quarterly dividend of $0.01 per common share. The dividend will be paid on December 15, 2009 to shareholders of record of CryptoLogic Limited and CryptoLogic Exchange Corporation as at December 1, 2009. The ex-dividend date will be November 27, 2009. For shareholders of CryptoLogic Limited, the dividend payment is subject to a 20% Irish withholding tax.
CryptoLogic Limited Announces Notification Of Change To The Timing Of Results Release and Conference Call
CryptoLogic Limited announced that the Board of CryptoLogic Limited, announced that due to the unexpected death today of the father of Brian Hadfield, CEO, the release of the third quarter results will be delayed by approximately one week. The results release and conference call were originally scheduled to take place on November 5, 2009. The new date for the results will be announced shortly.
CryptoLogic Limited Issues Q3 2009 Outlook; Revenue Outlook Below Analysts' Estimates
CryptoLogic Limited announced that it expects to report third quarter 2009 revenue of approximately $9.6 million and a trading loss of approximately $3.4 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $12.4 million for the same period.
CryptoLogic Limited's Betting Games Chosen By Rank Interactive
CryptoLogic Limited anounced that it has signed a multi-year agreement to license a suite of compelling online betting games to Rank Interactive, a division of Rank Group Plc. CryptoLogic will provide at least 10 of its branded and unbranded slot games for inclusion on Rank Interactive's websites, including www.bluesq.com, www.meccabingo.com, and www.gcasino.com. Two games are already live with more scheduled to go live throughout the fourth quarter and further roll-outs scheduled for the first half of 2010. CryptoLogic will provide at least 10 of its most popular branded and unbranded slot games for inclusion on Rank Interactive's websites, including www.bluesq.com, www.meccabingo.com, and www.gcasino.com. Two games are already live with more scheduled to go live throughout the fourth quarter and further roll-outs scheduled for the first half of 2010.
CryptoLogic Limited Hooks Up With Virgin Games
CryptoLogic Limited announced that it has singed a multi-year licensing deal with Virgin Games, part of the Virgin Group. The agreement enables Virgin Games to provide at least 10 of CryptoLogic Limited's top branded and non-branded online slot games to its customers. The games include comic book casual slots, with some games linked into the CryptoLogic jackpot network. These games will bring a new level of enjoyment and rich content to players, while giving them a chance to win a jackpot that has reached over GBP 4 million.
