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CryptoLogic Signs Up Rank Interactive as 28th Licensee

14th October 2009 7:40 am GMT

Online casino software developer CryptoLogic Limited has signed a multi-year agreement with Rank Group plc's online gaming division, Rank Interactive, under which CryptoLogic will supply at least ten of its most popular online slot games through its distribution agreement with Orbis Technology.

Under the agreement, CryptoLogic will provide at least ten of its most popular branded and unbranded slot games to Rank Interactive's leading brands including Bluesq.com, Meccabingo.com, and the company's new flagship site GCasino.com.

Two games are already live with more scheduled to launch during the fourth quarter of 2009. Further roll-outs are scheduled during the first half of 2010.

The deal with Rank Interactive now takes the total number of CryptoLogic licensees to 28.

"At Rank Interactive we have been looking to build on our success and expand our increasingly popular games offering," said Angus Nisbet, Gaming Director at Rank Interactive. "By striking this deal with CryptoLogic our customers are gaining access to the very best and most innovative betting games on the market, enhancing our relationship and revenue prospects going forward."

Justin Thouin, Vice-President of CryptoLogic said: "Demand for our games remains strong as illustrated by this agreement with Rank Interactive, a well respected UK brand. With each new licensee, we open up a new recurring revenue stream that will improve our profitability and long term growth prospects."

Shares in CryptoLogic Limited (Co. Profile) (LSE:CRP) are currently trading at 387.50 pence per share, while shares in Rank Group plc (Co. Profile) (LSE:RNK) are up 0.84% to 91.70 pence in London this morning.

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