Cryptologic’s Future: Vague or Bright?

Two breakups have recently taken place in the online gambling industry: between William Hill and Cryptologic and Playtech and Will Hill. Cryptologic and Will Hill explain it as a way to take their operations in another direction.

Besides, Cryptologic’s deal with Party Gaming is likely to fall in court, as Cryptologic would like to cut back on costs by pooling their online poker resources with Party Gaming. To say more, Cryptologic seems to loose the World Poker Tour as well.

The fact is that WPT in their advisory report to the Securities Exchange Commission stated that their terminationg the contract with Cryptologic, despite two years left on the contract. And it is very likely that Cryptologic will be entitled to compensatory costs, that is $750,000 per year.