It is not a secret that CryptoLogic, online casino software development company, has had a couple of rough years because of regulatory changes within several global markets and problems within the upper level of management. Global economic recession has also played a huge role in the current position of the company in the online gambling market. Thus, this quarter’s revenues for Cryptologic are much lower even in comparison with the last year (32% down from the previous 2008 quarter that reported more than $14 million in revenues).
However, Cryptologic is not the only company experiencing hard times. Online casinos within global markets have been constantly reporting drops in growth figures.