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CryptoLogic reduces 2010 loss but revenues drop further

22nd March 2011 9:07 am GMT

In another tough year for the company, online casino and games developer CryptoLogic Limited has reported a 35 per cent drop in total revenues to US$26.0m for the year ended December 31st 2010 , marking the fifth consecutive year of contraction for the company.

CryptoLogic said that it was affected by “continuing competitive trading conditions in 2010” which contributed to disappointing results for the year. Following senior management changes last August, additional restructuring measures were implemented [...]

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