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CryptoLogic Losses Continue into 2010

7th May 2010 8:38 am GMT

Despite further growth from its branded casino games offering, CryptoLogic limited has reported first quarter revenues of $7.6m for the three month period ended March 31st, a fall of 25 per cent versus the previous year, with high expenses continuing to impact the company's bottom line.

CryptoLogic said revenues dropped by 23 per cent compared to the previous quarter, with hosted casino revenues down 41 per cent to $5.1m due to lower wagering volumes and the [...]

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