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Press Release

CryptoLogic Reaches Settlement With Marvel

DUBLIN, IRELAND, Sep 30, 2010

Further to the announcement of April 19, 2010, CryptoLogic Limited, a global developer of branded online betting games, announces that its wholly owned subsidiary, WagerLogic Ltd., ("WagerLogic") has reached a settlement of its arbitration with Marvel relating to the licensing of Marvel comic book characters.

WagerLogic and Marvel have agreed to modify certain business terms of their license agreement.

Marvel and WagerLogic:

-- Expanded the platforms to include mobile, and government licensed in-
hotel room systems;
-- Allowed for the creation by WagerLogic of wagering games based on
Marvel's top team of Super Heroes, The Avengers, in addition to Spider-
Man, Fantastic Four and the other characters already included in the
license;
-- Extended the relationship by 12 months through January 2014; and
-- Agreed to make the agreement non-exclusive at a reduced cost to
WagerLogic.

Marvel and CryptoLogic are pleased to have reached an amicable settlement.

About CryptoLogic(R)

Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The company's licensees include many top Internet gaming brands. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world.

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

This press release contains forward-looking statements within the meaning of applicable securities laws. Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance or achievements of the company to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, without limitation, risks associated with the company's financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations and risks associated with competition. Additional risks and uncertainties can be found in the company's Form 20-F for the fiscal year ended December 31, 2009 under the heading "Item 3 - Key Information - Risk Factors" and in the company's other filings with the US Securities and Exchange Commission and Canadian provincial securities commissions. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

SOURCE: CryptoLogic Limited

 

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New Games Released by CryptoLogic

CryptoLogic Gains New Channel To Market With Gaming Technology Solutions Plc

Cryptologic Aims High With Launch of Newest Casino Game Pack

CryptoLogic makes casino games out of Marvel Comics! - 21st September 2007

 

Press Release

Cryptologic Extends Relationship With Marvel

Spider-Man, Hulk, X-Men and other heroes extend their stay with CryptoLogic to 2013

June 22, 2009 (Dublin, IRELAND) -- CryptoLogic Limited, a world leader in Internet casino and branded gaming software, today announced the extension of its exclusive licensing agreement with Marvel Entertainment, Inc., a relationship that has produced some of the company’s most popular and profitable games.

Under the agreement, CryptoLogic retains its rights as the exclusive worldwide developer of Internet casino games based on Marvel’s characters as they appear in the comic books through 2013. This is the third time CryptoLogic has extended its very successful licensing agreement with Marvel.

“CryptoLogic’s exclusive partnership with Marvel has been daringly different for our industry – as together we have brought some of the world’s favourite characters to the world’s top Internet casinos,” said Brian Hadfield, CryptoLogic’s President and CEO. “It’s exciting to extend a deal that has been mutually successful and profitable, and to strengthen CryptoLogic’s competitive advantage in the branded gaming space. We look forward to working with Marvel to deliver an even more compelling experience for every player, every day.”

According to Simon Philips, President, Worldwide Consumer Products for Marvel Entertainment, “We are very pleased to be extending our relationship with CryptoLogic. They have proven they are able to translate Marvel’s world renowned Super Heroes into hugely successful Internet casino games and we are confident they will continue to fully leverage these properties on a global level."

Since 2005, CryptoLogic has launched more than 17 slot games featuring classic Marvel Super Heroes — including Spider-Man, the Hulk, X-Men, The Fantastic Four, Daredevil, Blade, Sub-Mariner, the Punisher and others — at some of the world’s most popular Internet casinos.

Boasting more than 280 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today, with games featuring some of the world’s most famous action and entertainment characters. CryptoLogic has earned rave reviews from industry peers and players alike, and in 2009 earned Gambling Online Magazine’s Top Casino Software award for the fourth consecutive year. Based on the votes of players around the world, it is widely considered the industry’s top honour.

“CryptoLogic is committed to building on this great partnership by delivering even more blockbuster entertainment with Marvel in the years to come,” added Justin Thouin, CryptoLogic’s Vice President.

About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.

CryptoLogic’s common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

Marvel and all related characters: TM & 2009 Marvel Entertainment, Inc. and its subsidiaries. Licensed by Marvel Characters B.V. www.marvel.com. All rights reserved.

Press Release

Party Casino to Get Cryptologic Online Casino Games
23rd October 2008

The online gaming software provider Cryptologic and the online casino PartyCasino have entered into a five-year licensing agreement through which Cryptologic will offer some of its best branded games to PartyGaming.

In the arrangement worked out six Cryptologic online slots games will be available on the PartyCasino site in early 2009. The agreement provides for adding more games at subsequent dates. The agreement was entered through WagerLogic, a subsidiary of Cryptologic that licenses and services Cryptologic software, and PartyGaming the parent operator of the “Party” brand of gambling portals such as PartyCasino, PartyPoker and PartyBets.

The six online casino games chosen by PartyCasino cover four brands with which Cryptologic has partnership arrangements. Three of the games are from the Marvel brand in which Cryptologic has tied up with Marvel Comics to produce online slots games based on the latter’s super heroes. These three games are The Fantastic Four, Hulk, and Spider-Man, all of which are extremely popular with online slots players.

The other three games are Bejeweled, Cubis, and Street Fighter that have their separate branding agreements. Bejeweled and Cubis are from the Casual Game series of Cryptologic, whereas Street Fighter has an action-based theme like the Marvel slots.

Brian Hadfield, President and Chief Executive Officer for CryptoLogic, called this agreement as “one of Cryptologic’s biggest customer wins of the year”. He also added that this agreement vindicated Cryptologic’s strategy of developing branded games. This is indeed true because PartyCasino is Cryptologic’s ninth new customer this year. The others involve big names like 888.com, Sky Betting, Gaming Media Group and Maharajah Club.

PartyCasino, like 888.com, currently operates using proprietary software and will integrate the new Cryptologic games into its system.

Jim Ryan, Chief Executive Officer for PartyGaming, was equally ecstatic at the alliance of “two of the biggest names in Internet gaming”.

This agreement is in consonance with PartyGaming’s strategy to broaden its product base through innovative alliances. PartyGaming has tied up with StudioCanal for the development of online slot games based on Hollywood movies like The Terminator and Rambo. Other movie-based fare offered at PartyCasino includes Mission: Impossible, The Godfather and Saturday Night Fever.

CryptoLogic Aims High With Launch of Newest Casino Game Pack
Press Release

New lineup features new Marvel Spider-Man game, Atlantic City Blackjack and Dragon Sword

DUBLIN, IRELAND, Jan 06, 2009 - CryptoLogic Limited, a leading software developer to the global gaming Internet market, today announced the launch of a new three-game lineup that features the legendary Marvel Super Hero, Spider-Man, a new adventure slot game called Dragon Sword, and an enhanced version of Atlantic City Blackjack, one of the company's most popular casino games.

The new games are now available to players at Intercasino.com, and will be live on the sites of other CryptoLogic customers in the near future.

"At CryptoLogic, branded casino games are one of the pillars of our strategy, and today we extend our lead in this highly profitable segment even further," said Brian Hadfield, CryptoLogic's President and CEO. "CryptoLogic's original Spider-Man slot game was one of our most successful games ever, and we have high hopes for these new games, which deliver a truly unique customer experience."

Spider-Man Revelations

Players can battle the evil Doctor Octopus in this thrilling 25-line slot game featuring Marvel's legendary super hero. One of the game's bonus rounds challenges players to save a passenger during a transit tussle for the chance to win free spins or multipliers. Spidey senses will tingle at the three-level jackpot, multiple exciting bonus rounds and a chance to win 5,000 times a player's original bet.

Dragon Sword

Players can follow a heroic knight into a dark, murky forest in search of his lost sword in this adventure-filled 25-line slot game, available exclusively from CryptoLogic. The game features a battle with a dragon in the bonus round and rewards from hidden treasures and random prizes. With a chance to win up to 6,000 their bet, this game will have players on the edge of their seats.

CryptoLogic's new Casino Bonus Pack also features an enhanced version of Atlantic City Blackjack, one of the company's most popular casino games. This version includes new and improved game features, such as auto-betting and auto-strategy functionality and enhanced graphics. The result is a new, dynamic presentation of this classic game that preserves the original game rules players know and love.

"CryptoLogic promised more innovative games, more often - and we take this commitment seriously," said Justin Thouin, CryptoLogic's Vice President, Product Management and Business Development. "Even with the most acclaimed Internet casino software on the market, CryptoLogic continues to break new ground, delivering exceptional experiences to players, and profits to our licensees."

Boasting more than 200 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today with games featuring some of the world's most famous action and entertainment characters. CryptoLogic has earned rave reviews from industry peers and players alike, and in 2008 earned Gambling Online Magazine's Top Casino Software award for the third consecutive year. Based on the votes of players around the world, it is widely considered the industry's top honour.

About CryptoLogic(R) (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

MARVEL, and all related character names and the distinctive likenesses thereof are trademarks of Marvel Entertainment, Inc., and are used with permission. Copyright Copyright 2008 Marvel Entertainment, Inc. www.marvel.com. All rights reserved. Super Heroes is a co-owned registered trademark.

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.


Press Release

Cryptologic Opens New Distribution Channel To Gaming Operators With Orbis Technology

CryptoLogic casino games to be made available to wide array of top-tier operators through leading provider of interactive gaming solutions

 

December 15, 2008 (Dublin, IRELAND) - CryptoLogic Limited, a world leader in Internet gaming software, today announced a strategic partnership with Orbis Technology Limited, an industry leader in the provision of interactive gaming and betting solutions. The agreement makes CryptoLogic's best-performing games available to the top-tier gaming brands in Orbis' portfolio of customers through Orbis’ Fixed Odds Games (FOG) platform.

This partnership provides CryptoLogic with another strong distribution channel to expand the number of operators that offer the company's market-leading casino games. In the first quarter of 2009, CryptoLogic expects to launch numerous games for SkyBet through the Orbis FOG platform, and other significant customers are expected to follow throughout the year through this channel. Orbis' impressive customer list includes Skybet, Betfair, Paddy Power, Blue Square, and many others.

"The global Internet gaming market continues to grow rapidly, and that is why CryptoLogic's strategy includes opening up new channels to market through the world’s leading operators," said Brian Hadfield, CryptoLogic’s President and CEO. "CryptoLogic's new partnership with Orbis Technology enhances both our position and our optimism as we revitalize our business for growth in 2009 and beyond."

Orbis' OpenBet software platform features a unique 'one account, one wallet' solution that allows operators to let their customers bet and play in multiple languages and currencies, across multiple products and platforms. Players can access the web, mobile devices, retail outlets, call centres and interactive digital television, all with a single log-in.

"Orbis is committed to offering its customers the greatest games and the most sophisticated solutions -- and partnering with CryptoLogic strengthens our offering even more," said David Loveday, Orbis' CEO. "By working together, Orbis and CryptoLogic will provide a very attractive package to the world’s most recognized gaming operators."

In 2008, CryptoLogic has signed a multitude of new customers and distribution partners, including some of the biggest names in gaming as well as promising, emerging brands.

With more than 200 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today. CryptoLogic has earned rave reviews from industry peers and players alike, and in 2008 earned Gambling Online Magazine’s Top Casino Software award for the third consecutive year. Based on the votes of players around the world, it is widely considered the industry’s top honor.

About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit www.wagerlogic.com.

CryptoLogic’s common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

About Orbis Technology Limited (www.orbisuk.com)
Established in 1996, Orbis Technology Ltd, an NDS Group company, is the world’s leading provider of interactive gaming and betting solutions. Orbis develops pioneering front-end and back-office solutions, from unique and compelling games to sophisticated management and reporting tools.

Each of Orbis' customer agreements includes an undertaking from the customer that its gaming operations that use Orbis’ software will not involve players in the United States or any other jurisdiction where such gaming operations are prohibited by law. To find out more about Orbis OpenBet, visit www.openbet.com.

 

Press Release

CryptoLogic Consolidates Its Market Position by Joining Forces with Top Slot Game Developer to Broaden Distribution of Industry Leading Branded Content

Exclusive deal with NextGen Gaming gives CryptoLogic access to a global online and land based distribution network and cements its position as the leader in branded content provision in the online gaming space

7th November 2008

DUBLIN, IRELAND, Nov 07, 2008- CryptoLogic Limited, a leading software developer to the global Internet gaming market, has signed an exclusive multi-year agreement with NextGen Gaming, the world's leading independent developer of slot games for the international gambling industry.

Under the deal, CryptoLogic will collaborate with NextGen to develop new branded slot games for the company, and in return, NextGen will provide branded games exclusively to CryptoLogic within the online gaming space. Additionally, the companies will combine their extensive sales and distribution networks to allow CryptoLogic to license these branded games to the world's top online and land-based organisations. Next Gen has existing commercial relationships with a great majority of the top operators and suppliers in the industry.

The ultimate goal of the collaboration is to ensure that branded content providers look no further than CryptoLogic when choosing a partner with whom to take their brands into the online gaming space. This will be achieved by continuing to create the best games in the industry and by ensuring that the games are live at as many top operators as possible.

"For CryptoLogic, this is a most significant and unique strategic partnership - one that gives us new access to one of the industry's broadest, deepest and most successful distribution networks," said Brian Hadfield, CryptoLogic's President and CEO. "This will allow CryptoLogic to deal with the best brands, develop the best games, and deliver the best experiences to players around the world - whether they're on land or online."

"Branded content in gaming is powerful, because it combines a familiar theme with an exciting new experience," said Matt Davey, CEO of NextGen Gaming. "In selecting CryptoLogic as our Internet gaming software partner for branded content, NextGen has chosen a pioneer, an innovator and a leader. It's a powerful partnership that promises both performance and profitability."

In recent years, CryptoLogic and NextGen have worked together and distinguished themselves with highly successful branded slot games, including titles based on the world-famous Marvel Super Heroes, Street Fighter II, and the highly anticipated King Kong. CryptoLogic has also excelled with casual branded games such as Bejeweled, Cubis, and Jewel Quest. As one element of its new strategy, CryptoLogic plans to consolidate its leadership position in this area by aligning with additional content providers to bring the best brands, with the best games to the online gaming market.

"In 2008, CryptoLogic has shown innovation not just with its games, but also with its partnerships," added Justin Thouin, CryptoLogic's Vice President of Product Management and Business Development. "With a partner like NextGen - who knows the industry like very few others, and who has a distribution network like few others - CryptoLogic will take its software to new people and new places. With this agreement, CryptoLogic cements its position as the undisputed leader in the provision of branded content in the online gaming space. We can now offer the best games, and the broadest distribution network with our ability to tap into all of the online and land based partnerships that CryptoLogic and Next Gen have established."

About CryptoLogic(R) ( www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange, the NASDAQ Global Select Market and the Main Market of the London Stock Exchange).

About NextGen Gaming(R) (www.nextgengaming.com)
NextGen Gaming Pty Ltd is the world's leading independent supplier of innovative games to the gambling industry. NextGen has delivered hundreds of games to its international partners and gained a reputation for delivering the best player experience. The company prides itself on delivering exceptional game performance and game longevity that translates into profit for its partners and a great experience for their players.

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.

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