Having ended a three year losing streak with a return to profit in the second quarter of 2011, online casino games supplier CryptoLogic looks set to continue its resurgence as a part of Amaya Gaming Group.

 

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Having ended a three year losing streak with a return to profit in the third quarter of 2011, online casino games supplier CryptoLogic looks set to continue its resurgence as a part of Amaya Gaming Group.

 

The company said Thursday that it will recommend that shareholders accept the US$2.535 per share cash offer from Amaya, which represents a premium of 56 per cent and 105 per cent over the December 14th closing price of CryptoLogic shares in Toronto and London respectively, the last trading day before Amaya announced a possible offer for the company.

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