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CryptoLogic slashes Q1 loss but revenue fall continues

12th May 2011 9:03 am GMT

First quarter total revenues at CryptoLogic Limited have fallen by 21 per cent versus the same period last year to US$6.0m, but a 44 per cent reduction in operating expenses has helped the company to reduce its loss for the period to $0.6m from $3.6m a year ago.

Hosted casino revenues for the first quarter ended March 31st climbed marginally from $5.1m a year ago to $5.2m while branded games revenue climbed 16 per cent to [...]

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