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CryptoLogic Earnings Fall for Fourth Consecutive Year

2nd March 2010 9:56 am GMT

Online casino and games developer CryptoLogic limited said Tuesday that revenues for the year ended December 31st 2009 fell 36% to $39.8 million, marking the fourth consecutive year of contraction for the company with expenses now amounting to 195% of revenues.

Despite a 200% increase in its licensee base during the year and the signing of deals to develop branded games with the likes of DC Comics and Paramount, revenues fell from $61.5m a year ago [...]

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