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CryptoLogic recovery continues into third quarter

10th November 2011 8:33 am GMT

Continuing its recent recovery, online casino and games developer CryptoLogic Limited has reported an 18 per cent increase in total revenues to US$7.2m for the third quarter of 2011, following growth from the company’s hosted casino offering.

Revenues from CryptoLogic’s hosted casino product increased by 16 per cent year-on-year to $6.5m, including $0.9m relating to a reanalysis of jackpot provisions. Hosted casino revenues were also up 14 per cent compared to the previous quarter.

Branded games revenues [...]

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