CryptoLogic Limited and 568 Network Inc. are known to have concluded an agreement valued at $1.2 million.
According to the agreement, CryptoLogic, turnkey provider and software developer, “has the option of taking a controlling interest in 568 Inc” – a developer and distributor of online casual games to the Chinese Market.
Thanks to agreement and, of course, leading positions of CryptoLogic 568 Inc is sure to become a leader in Asia in future.
The agreement has enabled parties to create a new, but China-based venture. Local and overseas Chinese-language markets will get casual, skill-based games like single-and multi-player mahjong, “Lian Lian Kan” and “Dragon Ball”, poker, online pool, puzzles and approved card games like “Fight Landlord” and “Za Jin Hua”.
Besides experience, 568 Inc. brings massively-multiplayer-online-role-paying games (MMORPG), casual games – one of the fastest growing segments of online gaming. Having positioned these games as the major source of revenue for the next few years, CryptoLogic is ready to get their own piece of “the gambling cake”.
Asian gambling market is growing. No wonder, more and more online gaming companies get interested in the opportunities the Asian market offers.
Both companies, CryptoLogic and 568 INC., are expected to gain profit.