PartyCasino.com Wins Media Man Online Casino Award
PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month".
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPTCasino.com, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently PartyGaming's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of PartyGaming brands.
The most popular PartyCasino.com games of late include Rambo, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Melon Madness, SlotBox, Rubik's Slot, Beat The Bank, Sands Of Fortune, Tarzan, High Noon and Call Of Duty 4: Modern Warfare.
PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 3 months. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
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Wednesday, March 31, 2010
Tuesday, March 23, 2010
PartyCasino News: Avatar type technology and innovation at PartyGaming's PartyCasino, by Greg Tingle - March 2010
Avatar type technology and innovation at PartyGaming's PartyCasino; More out of this world game experiences at PartyCasino.com and PartyPoker.com
PartyGaming's PartyCasino.com, established since 1997, is widely acknowledged as the world's biggest and best online casino... a big claim, we know.
Evidence... hundreds of games... slots, table games, skill games, poker and more.
Exclusive Hollywood blockbusters... Rambo, Saturday Night Fever, Sinatra, Tarzan, High Noon, Top Gun, Resident Evil, The Naked Gun, Mission: Impossible.
Classic slots like Cleopatra, Monopoly, Cluedo, Wheel Of Fortune...
Marvel super hero fans? Don't just watch the movies, play the games! The Incredible Hulk, Thor, The Amazing Spider-Man and Fantastic Four. Excelsior!
Rewards... PartyGaming's PartyPoints and Palladium Lounge
Trust and credibility... listed on the London Stock Exchange and winner of numerous igaming and business awards and commendations including eGaming Review "Operator Of The Year" and Casino News Media "Online Casino Of The Month"
Easy for players... multi currency and multi language, and PartyCasino is available for most European, Canadian, South African, South American and Australian customers. Go Aussie Aussie Aussie, Oi, Oi, Oi!
PartyGaming also own and operate the world famous World Poker Tour, a claim only one igaming operator can make... that's PartyGaming. Check out WPTCasino.com and WPTPoker.com
Play for free or play for money. Feel the excitement at PartyCasino.com
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PartyGaming's PartyCasino.com, established since 1997, is widely acknowledged as the world's biggest and best online casino... a big claim, we know.
Evidence... hundreds of games... slots, table games, skill games, poker and more.
Exclusive Hollywood blockbusters... Rambo, Saturday Night Fever, Sinatra, Tarzan, High Noon, Top Gun, Resident Evil, The Naked Gun, Mission: Impossible.
Classic slots like Cleopatra, Monopoly, Cluedo, Wheel Of Fortune...
Marvel super hero fans? Don't just watch the movies, play the games! The Incredible Hulk, Thor, The Amazing Spider-Man and Fantastic Four. Excelsior!
Rewards... PartyGaming's PartyPoints and Palladium Lounge
Trust and credibility... listed on the London Stock Exchange and winner of numerous igaming and business awards and commendations including eGaming Review "Operator Of The Year" and Casino News Media "Online Casino Of The Month"
Easy for players... multi currency and multi language, and PartyCasino is available for most European, Canadian, South African, South American and Australian customers. Go Aussie Aussie Aussie, Oi, Oi, Oi!
PartyGaming also own and operate the world famous World Poker Tour, a claim only one igaming operator can make... that's PartyGaming. Check out WPTCasino.com and WPTPoker.com
Play for free or play for money. Feel the excitement at PartyCasino.com
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Monday, March 22, 2010
PartyCasino Brings Back The Porsche Promotion!
PartyCasino Brings Back The Porsche Promotion!
Get Out Of My Dreams! Get Into My Car!
Gibraltar – 16th March 2010 – PartyCasino.com, the world’s largest online casino, is pleased to announce the return of its Porsche Promotion! If the Gold Mega Jackpot is won between 18th – 31st March 2010 the player who earns the most PartyPoints by playing the Gold Mega Jackpot games: The Godfather, Mega Fortune Wheel, Super Joker, Super Mystic, Super Fortune Wheel and Super Star wins the sports car!
There is a leaderboard running through PartyAccount and if the jackpot is won within two weeks one of PartyGaming’s Palladium Lounge VIP hosts will call with the news that the Porsche has been won. If the Gold Mega Jackpot is not won between 18th – 31st March cash prizes will be awarded to players 1st – 600th on the leaderboard with a total value of $80,000.* For more details and terms and conditions please see your individual PartyAccount.
Players ranked 1st – 5th will be rewarded as follows: 1st - $15,000, 2nd - $12,500, 3rd - $10,000, 4th - $7,500, 5th – 9th - $1,000. Hotspots for every 10 ranks between 10th and 300th pays $750 cash bonus. Hotspots for every 10 ranks between 310th and 600th pays $250 cash bonus.
A PartyCasino.com spokesman said: "The Porsche promotion is back and if someone doesn’t win a flashy car there is still going to be real cash rewards for customers! If the Gold Mega Jackpot doesn’t take your fancy then Colossal Cash, the biggest online jackpot seed in the industry, currently stands at over $2.5 million – it really is a big one!"
At the start of 2010, PartyCasino.com launched the largest progressive seeded jackpot in the online gaming industry in the form of ‘The Big One’ and introduced classic slot Melon Madness. The Big One is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5m, the biggest online jackpot seed in the industry. Melon Madness is designed to be a classic 30 line video slot. Play is fast and the free spin feature is played in-reel.
PartyCasino.com now offers over 140 games, including 100 slots, and pays out easily over $10 million EVERY DAY to players. The world’s largest online casino continues to expand rapidly. The record Gold Mega Jackpot was hit with a fateful spin at 20.42ET on December 2nd 2009. The stake was $45 on popular PartyCasino.com Gold Mega Jackpot game, the Mega Fortune Wheel. The screen exploded with congratulations and colour as ‘gamago’ turned $45 into a record busting $4,978,336.62!
PartyGaming Plc is the world’s leading listed online gaming company. The Group is a constituent of the FTSE 250 share index and the FTSE4Good Index Series, which measures the performance of companies that meet globally recognised corporate responsibility standards. PartyGaming’s shares are listed on The London Stock Exchange under the ticker: PRTY
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Get Out Of My Dreams! Get Into My Car!
Gibraltar – 16th March 2010 – PartyCasino.com, the world’s largest online casino, is pleased to announce the return of its Porsche Promotion! If the Gold Mega Jackpot is won between 18th – 31st March 2010 the player who earns the most PartyPoints by playing the Gold Mega Jackpot games: The Godfather, Mega Fortune Wheel, Super Joker, Super Mystic, Super Fortune Wheel and Super Star wins the sports car!
There is a leaderboard running through PartyAccount and if the jackpot is won within two weeks one of PartyGaming’s Palladium Lounge VIP hosts will call with the news that the Porsche has been won. If the Gold Mega Jackpot is not won between 18th – 31st March cash prizes will be awarded to players 1st – 600th on the leaderboard with a total value of $80,000.* For more details and terms and conditions please see your individual PartyAccount.
Players ranked 1st – 5th will be rewarded as follows: 1st - $15,000, 2nd - $12,500, 3rd - $10,000, 4th - $7,500, 5th – 9th - $1,000. Hotspots for every 10 ranks between 10th and 300th pays $750 cash bonus. Hotspots for every 10 ranks between 310th and 600th pays $250 cash bonus.
A PartyCasino.com spokesman said: "The Porsche promotion is back and if someone doesn’t win a flashy car there is still going to be real cash rewards for customers! If the Gold Mega Jackpot doesn’t take your fancy then Colossal Cash, the biggest online jackpot seed in the industry, currently stands at over $2.5 million – it really is a big one!"
At the start of 2010, PartyCasino.com launched the largest progressive seeded jackpot in the online gaming industry in the form of ‘The Big One’ and introduced classic slot Melon Madness. The Big One is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5m, the biggest online jackpot seed in the industry. Melon Madness is designed to be a classic 30 line video slot. Play is fast and the free spin feature is played in-reel.
PartyCasino.com now offers over 140 games, including 100 slots, and pays out easily over $10 million EVERY DAY to players. The world’s largest online casino continues to expand rapidly. The record Gold Mega Jackpot was hit with a fateful spin at 20.42ET on December 2nd 2009. The stake was $45 on popular PartyCasino.com Gold Mega Jackpot game, the Mega Fortune Wheel. The screen exploded with congratulations and colour as ‘gamago’ turned $45 into a record busting $4,978,336.62!
PartyGaming Plc is the world’s leading listed online gaming company. The Group is a constituent of the FTSE 250 share index and the FTSE4Good Index Series, which measures the performance of companies that meet globally recognised corporate responsibility standards. PartyGaming’s shares are listed on The London Stock Exchange under the ticker: PRTY
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WPT Hollywood Poker Open Attracts 143 Players - 21st March 2010
A quaint field of 143 players turned out for the World Poker Tour (WPT) Hollywood Poker Open. The event marks the WPT’s first ever trip to Hollywood Casino Indiana, located just outside of Cincinnati, Ohio.
Topping the field after Day 1 is Eric Froehlich, a sponsored pro of Full Tilt Poker. Froehlich amassed a stack of 149,400 chips and doubled up after flopping a set of kings against another player’s set of jacks. The K-J-7 flop spelled disaster for Froehlich’s opponent and he moved to 50,000 in chips before tripling his total as the day wore on. Froehlich made the final table of the 2009 Foxwoods World Poker Finals, taking fourth place for $232,000. He holds two World Series of Poker (WSOP) bracelets, which came by virtue of winning a $1,500 Limit Hold’em event in 2005 and a $1,500 Pot Limit Omaha with Rebuys tournament one year later.
Froehlich told WPT Live Updates Hostess Jacque following his Day 1 domination, “I’m looking forward to getting some sleep. I took the red eye in from Las Vegas and that was not the best decision I’ve ever made in my life. We got in today at 9:00am and I was so sick. I put my chances of playing the tournament after flying in today at less than 50%.”
Faraz “The-Toilet” Jaka, who has dominated the live poker scene in recent months, holds a stack of 144,425 chips entering Day 2. Jaka is fresh off an 18th place showing in the WPT Bay 101 Shooting Star event last week and made two final tables on the roving tournament series in 2009. Jaka took fifth in the PokerStars North American Poker Tour (NAPT) High Roller Bounty Shootout for $95,000.
Tyler Smith sent Greg “FBT” Mueller packing on Day 1 of the Hollywood Poker Open. Mueller committed his stack late in the day with pocket queens on a board of K-9-6-K-K for kings-full. However, Smith held the case king in the deck for quads and sent Mueller packing. Smith ended the day with 58,625 chips, good for the 20th largest stack overall.
Jason Mercier, a card-carrying member of Team PokerStars Pro, selected six players in a poker fantasy draft against Full Tilt Poker’s Gavin Smith. Cash in the bet is doled out for players who make the money and reach the final table. Mercier has a stable of younger pros that includes Joe Serock, Josh Arieh, Tom Marchese, Keith Ferrera, Steve Levy, and Nick Grippo. Smith selected a group of poker veterans including Jonathan “FieryJustice” Little, Erick Lindgren, Erik Seidel, Brock “t soprano” Parker, Len Ashby, and Chris Bell.
Here’s how the top 10 stacks in the Hollywood Poker Open look after Day 1:
1. Eric Froehlich – 149,400
2. Faraz “The-Toilet” Jaka – 144,225
3. Mike Mustafa – 114,050
4. Gevork Kasabyan – 89,500
5. Jess Yawitz – 87,875
6. Shawn Buchanan – 81,125
7. Billy Pilossoph – 79,425
8. Richard Pflum – 79,275
9. Carlos Mortensen – 78,600
10. Larry Lipman – 75,000
Other notable names who remain in the field include:
11. Ty Reiman – 73,450
12. Andrew “luckychewy” Lichtenberger – 69,400
17. Erick Lindgren – 62,750
28. Bryan “badbeatninja” Devonshire – 52,150
39. Brock “t soprano” Parker – 45,325
42. Prahlad Friedman – 43,575
48. Jack McClelland – 36,500
49. Allen “Chainsaw” Kessler – 34,750
62. Brian “SNo0oWMAN” Hawkins – 29,700
63. Dwyte Pilgrim – 29,625
64. Hasan Habib – 29,000
70. Eric “Rizen” Lynch – 26,575
75. Erik Seidel – 23,450
78. Kathy Liebert – 22,500
82. Jason Mercier – 17,325
83. Hoyt Corkins – 16,025
90. Vanessa Rousso – 11,200
93. David Williams – 9,900
The tournament will award a grand prize of $391,000, the smallest top payday for a North American WPT event since the 2006 Canadian Open. The top player in that tournament took home $222,000. (Credit: Poker News Daily)
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Topping the field after Day 1 is Eric Froehlich, a sponsored pro of Full Tilt Poker. Froehlich amassed a stack of 149,400 chips and doubled up after flopping a set of kings against another player’s set of jacks. The K-J-7 flop spelled disaster for Froehlich’s opponent and he moved to 50,000 in chips before tripling his total as the day wore on. Froehlich made the final table of the 2009 Foxwoods World Poker Finals, taking fourth place for $232,000. He holds two World Series of Poker (WSOP) bracelets, which came by virtue of winning a $1,500 Limit Hold’em event in 2005 and a $1,500 Pot Limit Omaha with Rebuys tournament one year later.
Froehlich told WPT Live Updates Hostess Jacque following his Day 1 domination, “I’m looking forward to getting some sleep. I took the red eye in from Las Vegas and that was not the best decision I’ve ever made in my life. We got in today at 9:00am and I was so sick. I put my chances of playing the tournament after flying in today at less than 50%.”
Faraz “The-Toilet” Jaka, who has dominated the live poker scene in recent months, holds a stack of 144,425 chips entering Day 2. Jaka is fresh off an 18th place showing in the WPT Bay 101 Shooting Star event last week and made two final tables on the roving tournament series in 2009. Jaka took fifth in the PokerStars North American Poker Tour (NAPT) High Roller Bounty Shootout for $95,000.
Tyler Smith sent Greg “FBT” Mueller packing on Day 1 of the Hollywood Poker Open. Mueller committed his stack late in the day with pocket queens on a board of K-9-6-K-K for kings-full. However, Smith held the case king in the deck for quads and sent Mueller packing. Smith ended the day with 58,625 chips, good for the 20th largest stack overall.
Jason Mercier, a card-carrying member of Team PokerStars Pro, selected six players in a poker fantasy draft against Full Tilt Poker’s Gavin Smith. Cash in the bet is doled out for players who make the money and reach the final table. Mercier has a stable of younger pros that includes Joe Serock, Josh Arieh, Tom Marchese, Keith Ferrera, Steve Levy, and Nick Grippo. Smith selected a group of poker veterans including Jonathan “FieryJustice” Little, Erick Lindgren, Erik Seidel, Brock “t soprano” Parker, Len Ashby, and Chris Bell.
Here’s how the top 10 stacks in the Hollywood Poker Open look after Day 1:
1. Eric Froehlich – 149,400
2. Faraz “The-Toilet” Jaka – 144,225
3. Mike Mustafa – 114,050
4. Gevork Kasabyan – 89,500
5. Jess Yawitz – 87,875
6. Shawn Buchanan – 81,125
7. Billy Pilossoph – 79,425
8. Richard Pflum – 79,275
9. Carlos Mortensen – 78,600
10. Larry Lipman – 75,000
Other notable names who remain in the field include:
11. Ty Reiman – 73,450
12. Andrew “luckychewy” Lichtenberger – 69,400
17. Erick Lindgren – 62,750
28. Bryan “badbeatninja” Devonshire – 52,150
39. Brock “t soprano” Parker – 45,325
42. Prahlad Friedman – 43,575
48. Jack McClelland – 36,500
49. Allen “Chainsaw” Kessler – 34,750
62. Brian “SNo0oWMAN” Hawkins – 29,700
63. Dwyte Pilgrim – 29,625
64. Hasan Habib – 29,000
70. Eric “Rizen” Lynch – 26,575
75. Erik Seidel – 23,450
78. Kathy Liebert – 22,500
82. Jason Mercier – 17,325
83. Hoyt Corkins – 16,025
90. Vanessa Rousso – 11,200
93. David Williams – 9,900
The tournament will award a grand prize of $391,000, the smallest top payday for a North American WPT event since the 2006 Canadian Open. The top player in that tournament took home $222,000. (Credit: Poker News Daily)
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Saturday, March 20, 2010
PartyGaming still in M&A talks: Eyes return to United States - March 2010
Online gambling group PartyGaming, the firm behind PartyCasino.com, PartyPoker.com, PartyBingo.com, PartyBets.com, Cashcade and World Poker Tour, said it remained in talks over potential deal opportunities and was optimistic about a possible return to the United States as its 2009 earnings beat expectations.
"We are certainly in discussions with a few parties on a number of different opportunities," Chief Executive Jim Ryan told reporters.
However, he stressed that talks remained at a preliminary stage and declined to comment on the size or identity of the companies PartyGaming is talking to.
Analysts say the online gaming industry is fragmented and rife for consolidation and PartyGaming has been linked to a possible merger with Austria's bwin.
"There are a list of suspects who one would expect us to be talking to given that our focus is consolidating the online gaming sector," Ryan said.
PartyGaming said earnings before interest, tax, depreciation and amortization (EBITDA) from continuing operations fell to $135 million from $144.2 million the year before, reflecting a decline in poker revenues.
That was ahead of the consensus forecast of $133.3 million, according to a poll of analysts supplied by the company.
PartyGaming's poker revenues have been hit by competition from online gaming businesses which continue to offer services to U.S. based players despite the industry being made illegal in that country in 2006.
Ryan said he was encouraged by recent moves in the U.S. to overturn the legislation. U.S. congressmen Barney Frank and Jim McDermott are attempting to push through a new bill to regulate the industry. They argue that, if it was introduced, it would generate tax revenues of about $42 billion over ten years.
PartyGaming has already reached agreement with U.S. authorities which will protect it from being prosecuted over its past activities there.
Ryan said the settlement will make it easier for PartyGaming to re-enter the U.S. market and also clears the way for it to engage in M&A activity.
"We are talking to a number of U.S. entities about doing business with them when the U.S. market regulates. It's positioned us for growth from an M&A perspective and, from an operational perspective, I think it's our ticket back into the United States."
Other operators such as 888 and Sportingbet have yet to reach a deal with the Department of Justice.
Ryan said he thinks the U.S. is moving closer to re-opening to online gaming companies.
"We're hearing rumors that we're going to get support from the land-based operators for online gaming so it seems like momentum is building," he said, adding it was "not impossible" new legislation could be introduced this year.
Shares in PartyGaming, which have risen by 17 percent in the last 3 months, were up 0.13 percent to 303.4 pence at time of publication.
"PartyGaming is remarkably well prepared for a whole variety of changes. Although there is no new information on a possible game-changing acquisition, we believe it is more likely than not," said Numis analyst Wyn Ellis.
An insider said "PartyGaming is also said to be in a leading position to secure the Canadian Poker Tour, which could be another strategic way into the U.S market and beyond. Party also own and operate the World Poker Tour which has the strong potential to become bigger than the World Series of Poker and European Poker Tour put together. Poker and online poker generally remain more government and media friendly than pure casino and online casino products, so Party has an edge in that department also".
More news as it come to light.
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"We are certainly in discussions with a few parties on a number of different opportunities," Chief Executive Jim Ryan told reporters.
However, he stressed that talks remained at a preliminary stage and declined to comment on the size or identity of the companies PartyGaming is talking to.
Analysts say the online gaming industry is fragmented and rife for consolidation and PartyGaming has been linked to a possible merger with Austria's bwin.
"There are a list of suspects who one would expect us to be talking to given that our focus is consolidating the online gaming sector," Ryan said.
PartyGaming said earnings before interest, tax, depreciation and amortization (EBITDA) from continuing operations fell to $135 million from $144.2 million the year before, reflecting a decline in poker revenues.
That was ahead of the consensus forecast of $133.3 million, according to a poll of analysts supplied by the company.
PartyGaming's poker revenues have been hit by competition from online gaming businesses which continue to offer services to U.S. based players despite the industry being made illegal in that country in 2006.
Ryan said he was encouraged by recent moves in the U.S. to overturn the legislation. U.S. congressmen Barney Frank and Jim McDermott are attempting to push through a new bill to regulate the industry. They argue that, if it was introduced, it would generate tax revenues of about $42 billion over ten years.
PartyGaming has already reached agreement with U.S. authorities which will protect it from being prosecuted over its past activities there.
Ryan said the settlement will make it easier for PartyGaming to re-enter the U.S. market and also clears the way for it to engage in M&A activity.
"We are talking to a number of U.S. entities about doing business with them when the U.S. market regulates. It's positioned us for growth from an M&A perspective and, from an operational perspective, I think it's our ticket back into the United States."
Other operators such as 888 and Sportingbet have yet to reach a deal with the Department of Justice.
Ryan said he thinks the U.S. is moving closer to re-opening to online gaming companies.
"We're hearing rumors that we're going to get support from the land-based operators for online gaming so it seems like momentum is building," he said, adding it was "not impossible" new legislation could be introduced this year.
Shares in PartyGaming, which have risen by 17 percent in the last 3 months, were up 0.13 percent to 303.4 pence at time of publication.
"PartyGaming is remarkably well prepared for a whole variety of changes. Although there is no new information on a possible game-changing acquisition, we believe it is more likely than not," said Numis analyst Wyn Ellis.
An insider said "PartyGaming is also said to be in a leading position to secure the Canadian Poker Tour, which could be another strategic way into the U.S market and beyond. Party also own and operate the World Poker Tour which has the strong potential to become bigger than the World Series of Poker and European Poker Tour put together. Poker and online poker generally remain more government and media friendly than pure casino and online casino products, so Party has an edge in that department also".
More news as it come to light.
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Thursday, March 18, 2010
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Wednesday, March 17, 2010
PartyCasino Brings Back The Porsche Promotion!
PartyCasino Brings Back The Porsche Promotion!
Get Out Of My Dreams! Get Into My Car!
Gibraltar – 16th March 2010 – PartyCasino.com, the world’s largest online casino, is pleased to announce the return of its Porsche Promotion! If the Gold Mega Jackpot is won between 18th – 31st March 2010 the player who earns the most PartyPoints by playing the Gold Mega Jackpot games: The Godfather, Mega Fortune Wheel, Super Joker, Super Mystic, Super Fortune Wheel and Super Star wins the sports car!
There is a leaderboard running through PartyAccount and if the jackpot is won within two weeks one of PartyGaming’s Palladium Lounge VIP hosts will call with the news that the Porsche has been won. If the Gold Mega Jackpot is not won between 18th – 31st March cash prizes will be awarded to players 1st – 600th on the leaderboard with a total value of $80,000.* For more details and terms and conditions please see your individual PartyAccount.
Players ranked 1st – 5th will be rewarded as follows: 1st - $15,000, 2nd - $12,500, 3rd - $10,000, 4th - $7,500, 5th – 9th - $1,000. Hotspots for every 10 ranks between 10th and 300th pays $750 cash bonus. Hotspots for every 10 ranks between 310th and 600th pays $250 cash bonus.
A PartyCasino.com spokesman said: "The Porsche promotion is back and if someone doesn’t win a flashy car there is still going to be real cash rewards for customers! If the Gold Mega Jackpot doesn’t take your fancy then Colossal Cash, the biggest online jackpot seed in the industry, currently stands at over $2.5 million – it really is a big one!"
At the start of 2010, PartyCasino.com launched the largest progressive seeded jackpot in the online gaming industry in the form of ‘The Big One’ and introduced classic slot Melon Madness. The Big One is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5m, the biggest online jackpot seed in the industry. Melon Madness is designed to be a classic 30 line video slot. Play is fast and the free spin feature is played in-reel.
PartyCasino.com now offers over 140 games, including 100 slots, and pays out easily over $10 million EVERY DAY to players. The world’s largest online casino continues to expand rapidly. The record Gold Mega Jackpot was hit with a fateful spin at 20.42ET on December 2nd 2009. The stake was $45 on popular PartyCasino.com Gold Mega Jackpot game, the Mega Fortune Wheel. The screen exploded with congratulations and colour as ‘gamago’ turned $45 into a record busting $4,978,336.62!
PartyGaming Plc is the world’s leading listed online gaming company. The Group is a constituent of the FTSE 250 share index and the FTSE4Good Index Series, which measures the performance of companies that meet globally recognised corporate responsibility standards. PartyGaming’s shares are listed on The London Stock Exchange under the ticker: PRTY
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Get Out Of My Dreams! Get Into My Car!
Gibraltar – 16th March 2010 – PartyCasino.com, the world’s largest online casino, is pleased to announce the return of its Porsche Promotion! If the Gold Mega Jackpot is won between 18th – 31st March 2010 the player who earns the most PartyPoints by playing the Gold Mega Jackpot games: The Godfather, Mega Fortune Wheel, Super Joker, Super Mystic, Super Fortune Wheel and Super Star wins the sports car!
There is a leaderboard running through PartyAccount and if the jackpot is won within two weeks one of PartyGaming’s Palladium Lounge VIP hosts will call with the news that the Porsche has been won. If the Gold Mega Jackpot is not won between 18th – 31st March cash prizes will be awarded to players 1st – 600th on the leaderboard with a total value of $80,000.* For more details and terms and conditions please see your individual PartyAccount.
Players ranked 1st – 5th will be rewarded as follows: 1st - $15,000, 2nd - $12,500, 3rd - $10,000, 4th - $7,500, 5th – 9th - $1,000. Hotspots for every 10 ranks between 10th and 300th pays $750 cash bonus. Hotspots for every 10 ranks between 310th and 600th pays $250 cash bonus.
A PartyCasino.com spokesman said: "The Porsche promotion is back and if someone doesn’t win a flashy car there is still going to be real cash rewards for customers! If the Gold Mega Jackpot doesn’t take your fancy then Colossal Cash, the biggest online jackpot seed in the industry, currently stands at over $2.5 million – it really is a big one!"
At the start of 2010, PartyCasino.com launched the largest progressive seeded jackpot in the online gaming industry in the form of ‘The Big One’ and introduced classic slot Melon Madness. The Big One is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5m, the biggest online jackpot seed in the industry. Melon Madness is designed to be a classic 30 line video slot. Play is fast and the free spin feature is played in-reel.
PartyCasino.com now offers over 140 games, including 100 slots, and pays out easily over $10 million EVERY DAY to players. The world’s largest online casino continues to expand rapidly. The record Gold Mega Jackpot was hit with a fateful spin at 20.42ET on December 2nd 2009. The stake was $45 on popular PartyCasino.com Gold Mega Jackpot game, the Mega Fortune Wheel. The screen exploded with congratulations and colour as ‘gamago’ turned $45 into a record busting $4,978,336.62!
PartyGaming Plc is the world’s leading listed online gaming company. The Group is a constituent of the FTSE 250 share index and the FTSE4Good Index Series, which measures the performance of companies that meet globally recognised corporate responsibility standards. PartyGaming’s shares are listed on The London Stock Exchange under the ticker: PRTY
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Tuesday, March 16, 2010
PartyCasino News: PartyCasino and WPT Casino Get New Online Slot Games: Rubiks Slot, Slotbox, Sands Of Fortune, Beat the Bank and more - March 2010
PartyCasino.com and WPTCasino.com, both owned and operated by PartyGaming, have just released some great new online slot games.
New players can get up to $500 bonus.
Play for free or play for money. Multi language and multi currency. The casinos offer the exclusive PartyGaming PartyPoints rewards system providing players with world class rewards and bonuses.
Rubiks Slot
Rubiks game is a fixed odds game based on the popular Rubik’s Cube® Puzzle. The player selects the stake and then presses the Play button and gets wins based on how many lines and/or sides get completed on the 3 visible sides after the cube is automatically rotated several times. All wins are paid as per the paytable. Rubik's game also introduces Free Plays. Free Plays is triggered when all six letters in the Rubik's logo are highlighted, in which the player is awarded free plays and extra cubes.
Slotbox
Line up a fortune in Slotblox. Take a classic, line-building puzzle game, remove the stress and add plenty of chances to win lots of cash. That’s Slotblox.
Slotblox couldn’t be simpler. When you start playing different shaped blocks fall down the screen into your game grid. Don’t worry about controlling the blocks, the game does that for you.
You can build your way to big money when these blocks create cash-winning lines. Winning lines then disappear, creating more space in the grid and giving your further chances to win.
Get a winning line with the special ‘magic’ blocks and you’ll trigger the free plays feature where’s there’s double money to be won.
See if a fortune’s about to fall your way.
Sands Of Fortune
Sands of Fortune is a five-reel, nine-paylines slot game with a bonus feature game that gives you the chance to win extra prizes. Random number of picks of up to 5 is awarded. You get to select any 1 door in each pick to reveal a prize. 3 or more BONUS symbols appear anywhere in view triggers the bonus feature.
Beat the Bank
Beat the bank is a five-reel, twenty-paylines slot game with a 'free game' and a ‘Beat The Bank’ feature. The Free Games Feature is triggered when Thief appears any where on reels 2, 3 and 4 at the same time. 15 free games are awarded, during which all prizes are tripled, except for Beat The Bank feature win, even though it is triggered during Free Spins. The feature can be retriggered when Thief appears any where on reels 2, 3 and 4 at the same time. The Beat The Bank Feature is awarded when 3 or more Scattered Safe occur anywhere.
Thief appears on Reels 2, 3 and 4 only and substitutes for all other symbols except Scattered Safe.
PartyCasino.com is a multi time Casino News Media - Media Man - Global Gaming Directory Online Casino Of The Month winner and WPTCasino.com is a Casino News Media - Media Man - Global Gaming Directory Online Casino finalist.
PartyGaming is widely regarded as the world's leading igaming company. They are listed on the London Stock Exchange and were established in 1997.
Websites
PartyCasino.com
WPTCasino.com
New players can get up to $500 bonus.
Play for free or play for money. Multi language and multi currency. The casinos offer the exclusive PartyGaming PartyPoints rewards system providing players with world class rewards and bonuses.
Rubiks Slot
Rubiks game is a fixed odds game based on the popular Rubik’s Cube® Puzzle. The player selects the stake and then presses the Play button and gets wins based on how many lines and/or sides get completed on the 3 visible sides after the cube is automatically rotated several times. All wins are paid as per the paytable. Rubik's game also introduces Free Plays. Free Plays is triggered when all six letters in the Rubik's logo are highlighted, in which the player is awarded free plays and extra cubes.
Slotbox
Line up a fortune in Slotblox. Take a classic, line-building puzzle game, remove the stress and add plenty of chances to win lots of cash. That’s Slotblox.
Slotblox couldn’t be simpler. When you start playing different shaped blocks fall down the screen into your game grid. Don’t worry about controlling the blocks, the game does that for you.
You can build your way to big money when these blocks create cash-winning lines. Winning lines then disappear, creating more space in the grid and giving your further chances to win.
Get a winning line with the special ‘magic’ blocks and you’ll trigger the free plays feature where’s there’s double money to be won.
See if a fortune’s about to fall your way.
Sands Of Fortune
Sands of Fortune is a five-reel, nine-paylines slot game with a bonus feature game that gives you the chance to win extra prizes. Random number of picks of up to 5 is awarded. You get to select any 1 door in each pick to reveal a prize. 3 or more BONUS symbols appear anywhere in view triggers the bonus feature.
Beat the Bank
Beat the bank is a five-reel, twenty-paylines slot game with a 'free game' and a ‘Beat The Bank’ feature. The Free Games Feature is triggered when Thief appears any where on reels 2, 3 and 4 at the same time. 15 free games are awarded, during which all prizes are tripled, except for Beat The Bank feature win, even though it is triggered during Free Spins. The feature can be retriggered when Thief appears any where on reels 2, 3 and 4 at the same time. The Beat The Bank Feature is awarded when 3 or more Scattered Safe occur anywhere.
Thief appears on Reels 2, 3 and 4 only and substitutes for all other symbols except Scattered Safe.
PartyCasino.com is a multi time Casino News Media - Media Man - Global Gaming Directory Online Casino Of The Month winner and WPTCasino.com is a Casino News Media - Media Man - Global Gaming Directory Online Casino finalist.
PartyGaming is widely regarded as the world's leading igaming company. They are listed on the London Stock Exchange and were established in 1997.
Websites
PartyCasino.com
WPTCasino.com
Saturday, March 13, 2010
Virgin Casino Adds Thor, Amazon Wild, King Kong, Call of Duty 4 Slot Games and more; Richard Branson planning international expansion - March 2010
Virgin Casino Adds Thor, Amazon Wild, King Kong, Call of Duty 4 Slot Games and more; Richard Branson planning international expansion
Richard Branson's VirginCasino.com continues to put out a world class product and service and this month is tipped to make the finals of the Media Man, Casino News Media and Global Gaming Directory Online Casino Of The Month Awards.
The Online Slot Games:
Thor
The Mighty Thor of Nordic mythology and & the Marvel universe is presented in this 9 line video slot. Win up to 4,000 times your bet. As Marvel icon Stan Lee says, Excelsior!
King Kong
Experience the fury and excitement as King Kong takes on New York City. Play 1 to 25 lines and go bananas over the wild bonus!
Amazon Wild
Exciting Aztec action awaits you in Amazon Wild – the 100 line slot!
Call of Duty 4
Fill your enemy so full of lead you'll have to use him as a pencil instead in this famous title slot!
Promotion
Win up to £500 in bonus cash at Virgin Casino.
Collect exclusive V*Points which can be used on a wide variety of Virgin Group goods and services.
Sorry no U.S or Australian players. See World Casino Directory.
The late news... AWOMO (A World Of My Own) games portal to offer non gambling games on global scale. Virgin Games have teamed up with GDI (Game Domain International). More details here in the coming days and weeks.
Website
VirginCasino.com
Richard Branson's VirginCasino.com continues to put out a world class product and service and this month is tipped to make the finals of the Media Man, Casino News Media and Global Gaming Directory Online Casino Of The Month Awards.
The Online Slot Games:
Thor
The Mighty Thor of Nordic mythology and & the Marvel universe is presented in this 9 line video slot. Win up to 4,000 times your bet. As Marvel icon Stan Lee says, Excelsior!
King Kong
Experience the fury and excitement as King Kong takes on New York City. Play 1 to 25 lines and go bananas over the wild bonus!
Amazon Wild
Exciting Aztec action awaits you in Amazon Wild – the 100 line slot!
Call of Duty 4
Fill your enemy so full of lead you'll have to use him as a pencil instead in this famous title slot!
Promotion
Win up to £500 in bonus cash at Virgin Casino.
Collect exclusive V*Points which can be used on a wide variety of Virgin Group goods and services.
Sorry no U.S or Australian players. See World Casino Directory.
The late news... AWOMO (A World Of My Own) games portal to offer non gambling games on global scale. Virgin Games have teamed up with GDI (Game Domain International). More details here in the coming days and weeks.
Website
VirginCasino.com
Friday, March 12, 2010
PartyCasino New Games: Rubiks Slot, Slotbox, Sands Of Fortune, Beat the Bank and more - March 2010
PartyGaming's PartyCasino.com Releases New Games
Rubiks Slot, Slotbox, Sands Of Fortune, Beat the Bank and more
Multi currency
Multi language
24/7/365 support
Multi-time award winning casino
Australian, European, South African, South African players welcome.
Up to $500 bonus for new players via PartyCasino.com
PartyGaming has also recently launched WPTCasino.com which also carries many new game titles and is currently offering up to $600 welcome bonus for new players.
Websites
PartyCasino.com
WPTCasino.com
WPT.com
PartyPoker.com
PartyBets.com
PartyBingo.com
PartyGammon.com
Rubiks Slot, Slotbox, Sands Of Fortune, Beat the Bank and more
Multi currency
Multi language
24/7/365 support
Multi-time award winning casino
Australian, European, South African, South African players welcome.
Up to $500 bonus for new players via PartyCasino.com
PartyGaming has also recently launched WPTCasino.com which also carries many new game titles and is currently offering up to $600 welcome bonus for new players.
Websites
PartyCasino.com
WPTCasino.com
WPT.com
PartyPoker.com
PartyBets.com
PartyBingo.com
PartyGammon.com
Poker Babes: Maxim Men's Magazine Top 20 For 2010
Men's magazine Maxim have released their 20 hottest poker babes.
The list mainly consists of Hollywood celebs who have had minor poker involvement such as charity tournaments, however there are a handful of poker babes who can also play well, and even a couple of champions!
Vanessa Rousso enjoyed a win at the EPT Grand Final High Rollers and was runner-up at the NBC National HU Championship and has made 11 final table appearances. Her total tournament cashes are 2.5 million dollars.
Jennifer Tilly and Shannon Elizabeth are two celebrities known also as passionate players. Jenn has a WSOP bracelet and both have made the semifinals at the NBC National HU Championship.
Tiffany Michelle's biggest brag is 17th place and $334,000 at the World Series of Poker 2008 Main Event.
Us, we like Kara Scott from PartyPoker.com and remain very high on Paris Hilton, Jenny McCarthy and Pam Anderson.
Cameron Diaz
Heather Graham
Jenna Fischer
Jennie Garth
Jennifer Love Hewitt
Jennifer Tilly
Jenny McCarthy
Joanna Krupa
Lacey Chabert
Laura Prepon
Mena Suvari
Odette Yustman
Pamela Anderson
Rosario Dawson
Sarah Silverman
Serinda Swan
Shannon Elizabeth
Tiffany Michelle
Traci Bingham
Vanessa Rousso
Profiles
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The list mainly consists of Hollywood celebs who have had minor poker involvement such as charity tournaments, however there are a handful of poker babes who can also play well, and even a couple of champions!
Vanessa Rousso enjoyed a win at the EPT Grand Final High Rollers and was runner-up at the NBC National HU Championship and has made 11 final table appearances. Her total tournament cashes are 2.5 million dollars.
Jennifer Tilly and Shannon Elizabeth are two celebrities known also as passionate players. Jenn has a WSOP bracelet and both have made the semifinals at the NBC National HU Championship.
Tiffany Michelle's biggest brag is 17th place and $334,000 at the World Series of Poker 2008 Main Event.
Us, we like Kara Scott from PartyPoker.com and remain very high on Paris Hilton, Jenny McCarthy and Pam Anderson.
Cameron Diaz
Heather Graham
Jenna Fischer
Jennie Garth
Jennifer Love Hewitt
Jennifer Tilly
Jenny McCarthy
Joanna Krupa
Lacey Chabert
Laura Prepon
Mena Suvari
Odette Yustman
Pamela Anderson
Rosario Dawson
Sarah Silverman
Serinda Swan
Shannon Elizabeth
Tiffany Michelle
Traci Bingham
Vanessa Rousso
Profiles
Poker Babes
Casino Babes
Babes
Poker
Website Network
Poker News Media
Casino News Media
Global Gaming Directory
Australian Sports Entertainment
Sports Entertainment News
Media Man
Media Man International
Wednesday, March 10, 2010
PartyCasino News: PartyCasino and WPT Casino Get New Online Slot Games: Rubiks Slot, Slotbox, Sands Of Fortune, Beat the Bank and more - March 2010
PartyCasino.com and WPTCasino.com, both owned and operated by PartyGaming, have just released some great new online slot games.
New players can get up to $500 bonus.
Play for free or play for money. Multi language and multi currency. The casinos offer the exclusive PartyGaming PartyPoints rewards system providing players with world class rewards and bonuses.
Rubiks Slot
Rubiks game is a fixed odds game based on the popular Rubik’s Cube® Puzzle. The player selects the stake and then presses the Play button and gets wins based on how many lines and/or sides get completed on the 3 visible sides after the cube is automatically rotated several times. All wins are paid as per the paytable. Rubik's game also introduces Free Plays. Free Plays is triggered when all six letters in the Rubik's logo are highlighted, in which the player is awarded free plays and extra cubes.
Slotbox
Line up a fortune in Slotblox. Take a classic, line-building puzzle game, remove the stress and add plenty of chances to win lots of cash. That’s Slotblox.
Slotblox couldn’t be simpler. When you start playing different shaped blocks fall down the screen into your game grid. Don’t worry about controlling the blocks, the game does that for you.
You can build your way to big money when these blocks create cash-winning lines. Winning lines then disappear, creating more space in the grid and giving your further chances to win.
Get a winning line with the special ‘magic’ blocks and you’ll trigger the free plays feature where’s there’s double money to be won.
See if a fortune’s about to fall your way.
Sands Of Fortune
Sands of Fortune is a five-reel, nine-paylines slot game with a bonus feature game that gives you the chance to win extra prizes. Random number of picks of up to 5 is awarded. You get to select any 1 door in each pick to reveal a prize. 3 or more BONUS symbols appear anywhere in view triggers the bonus feature.
Beat the Bank
Beat the bank is a five-reel, twenty-paylines slot game with a 'free game' and a ‘Beat The Bank’ feature. The Free Games Feature is triggered when Thief appears any where on reels 2, 3 and 4 at the same time. 15 free games are awarded, during which all prizes are tripled, except for Beat The Bank feature win, even though it is triggered during Free Spins. The feature can be retriggered when Thief appears any where on reels 2, 3 and 4 at the same time. The Beat The Bank Feature is awarded when 3 or more Scattered Safe occur anywhere.
Thief appears on Reels 2, 3 and 4 only and substitutes for all other symbols except Scattered Safe.
PartyCasino.com is a multi time Casino News Media - Media Man - Global Gaming Directory Online Casino Of The Month winner and WPTCasino.com is a Casino News Media - Media Man - Global Gaming Directory Online Casino finalist.
PartyGaming is widely regarded as the world's leading igaming company. They are listed on the London Stock Exchange and were established in 1997.
Websites
PartyCasino.com
WPTCasino.com
New players can get up to $500 bonus.
Play for free or play for money. Multi language and multi currency. The casinos offer the exclusive PartyGaming PartyPoints rewards system providing players with world class rewards and bonuses.
Rubiks Slot
Rubiks game is a fixed odds game based on the popular Rubik’s Cube® Puzzle. The player selects the stake and then presses the Play button and gets wins based on how many lines and/or sides get completed on the 3 visible sides after the cube is automatically rotated several times. All wins are paid as per the paytable. Rubik's game also introduces Free Plays. Free Plays is triggered when all six letters in the Rubik's logo are highlighted, in which the player is awarded free plays and extra cubes.
Slotbox
Line up a fortune in Slotblox. Take a classic, line-building puzzle game, remove the stress and add plenty of chances to win lots of cash. That’s Slotblox.
Slotblox couldn’t be simpler. When you start playing different shaped blocks fall down the screen into your game grid. Don’t worry about controlling the blocks, the game does that for you.
You can build your way to big money when these blocks create cash-winning lines. Winning lines then disappear, creating more space in the grid and giving your further chances to win.
Get a winning line with the special ‘magic’ blocks and you’ll trigger the free plays feature where’s there’s double money to be won.
See if a fortune’s about to fall your way.
Sands Of Fortune
Sands of Fortune is a five-reel, nine-paylines slot game with a bonus feature game that gives you the chance to win extra prizes. Random number of picks of up to 5 is awarded. You get to select any 1 door in each pick to reveal a prize. 3 or more BONUS symbols appear anywhere in view triggers the bonus feature.
Beat the Bank
Beat the bank is a five-reel, twenty-paylines slot game with a 'free game' and a ‘Beat The Bank’ feature. The Free Games Feature is triggered when Thief appears any where on reels 2, 3 and 4 at the same time. 15 free games are awarded, during which all prizes are tripled, except for Beat The Bank feature win, even though it is triggered during Free Spins. The feature can be retriggered when Thief appears any where on reels 2, 3 and 4 at the same time. The Beat The Bank Feature is awarded when 3 or more Scattered Safe occur anywhere.
Thief appears on Reels 2, 3 and 4 only and substitutes for all other symbols except Scattered Safe.
PartyCasino.com is a multi time Casino News Media - Media Man - Global Gaming Directory Online Casino Of The Month winner and WPTCasino.com is a Casino News Media - Media Man - Global Gaming Directory Online Casino finalist.
PartyGaming is widely regarded as the world's leading igaming company. They are listed on the London Stock Exchange and were established in 1997.
Websites
PartyCasino.com
WPTCasino.com
Monday, March 08, 2010
Classic Slots Online: Most Popular Slot Game Reviews
Profiles
Cleopatra
Rambo
The Godfather
Sinatra
Top Gun
The Terminator
Saturday Night Fever
Gone With The Wind
The Hulk
Spider-Man
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Cleopatra
Rambo
The Godfather
Sinatra
Top Gun
The Terminator
Saturday Night Fever
Gone With The Wind
The Hulk
Spider-Man
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Classic Casino Games
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Casino News Media.net
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Global Gaming Directory.net
Hollywood Slot Games
Cleopatra Slot News
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Saturday, March 06, 2010
Casino, Poker, Bingo, Table Games, Hollywood Slot Games, Casino Classics: PartyGaming Does It All, by Greg Tingle
PartyCasino, PartyPoker, World Poker Tour - London Stock Exchange powerhouse - meet the Ace of the igaming world
The world's leading igaming company, PartyGaming is on a roll.
Having come to terms with the United States Department of Justice earlier this year, PartyGaming have become quite the darling of the igaming, gaming and news media world.
PartyGaming has been on a purchasing and acquisitions mission recently picking up Cashcade and World Poker Tour, and is poised to come to more major business deals in the European, Asia Pacific and South American regions. It's global strategy also sees Party eyeing off India and France, whose government's appear open, even positive, to see a deal inked. PartyGaming has also been able to talk shop with Australia's Crown Casino resulting in sending online poker players in the direction of Crown's Aussie Millions Poker Tournament via its celebrated PartyPoker.com brand.
As PartyGaming CEO, Jim Ryan, has pointed out a number of times this financial year, PartyCasino is a key driver in the business and the Hollywood themed online slot games have been a huge success, as has their "Live Dealer" product, enabled by Evolution Gaming. While PartyCasino secured the rights to WagerWorks classic titles last year, Cleopatra, Monopoly and Cluedo, Party was able to build the portfolio with its own in-house team know as 'The Games Studio'.
Online poker remains the company's bread and butter, despite PartyPoker.com not currently accepting U.S customers. However, Party's purchase and running of World Poker Tour (including World Poker Tour website, World Poker Tour casino website) and Club WPT) means that United States citizens can now enjoy a PartyGaming product without any question of legals. The World Poker Tour brand will also almost certainly enable PartyGaming to facilitate some major news media and television deals, which will further grow the company's bottom line and brand.
Numerous sports and entertainment celebrities have been lining up to represent the brand including cricket and TV star Phil 'Tuffers' Tufnell, Italian football legend Francesco Totti, Germany poker pro Dragan Galic, Australian poker sensations, Tony G and Stewart Scott, and poker babe and TV presenter, Canadian-Brit Kara Scott.
Casino fans... now the information you've been waiting for... more world class online slot games are on the cards for PartyCasino following the recent releases, Call of Action 4: Modern Warfare, Melon Madness, Tarzan, Sinatra, High Noon, Resident Evil and The Naked Gun. Names being speculated include Andre The Giant, Ric Flair, Hulk Hogan, The Expendables, The Sopranos, Sonic, Underbelly, Hilton, UFC, TNA and Marvel. Again, those brands are speculation, but some of these have made print, and as they say, where there's smoke, there's fire!
PartyGaming already offers four Marvel themed online slot games and the Marvel Hero Jackpot, and modern classic, The Godfather, remains one of the most popular slots networked into the world famous Gold Mega Jackpot, currently exceeding $1 million dollars! If you got excited by Cleo, Rambo and Tarzan, just wait till you see what lurks around the corner. Australia's NextGen Gaming has been teasing some journalists and insiders on some massive brands going live on PartyCasino, and that's no spin. The online casino brand also offers 24/7/365 support and comes in a wide range of multi currency and multi language options. Not convinced yet? Players and potential players can also play for free or play for money, so you know your in safe hands. New casino players can currently get up to $500 bonus for signing up.
PartyGaming is listed on the London Stock Exchange and has been operating for over a decade, which is like a lifetime in the gaming world. PartyGaming has also made last year's eGaming Review shortlist for a number of awards and commendations. In addition, PartyGaming and its PartyCasino, PartyPoker and World Poker Tour brands have made the Media Man and Casino News Media shortlist for monthly and yearly awards.
While some of PartyGaming's competitors are putting out some impressive products from time to time, those in the know state that there is only one PartyGaming and that their track record of stability, service, security, innovation and fun speaks for itself.
*the writer has a b2b agreement in place with a number of PartyGaming brands, as they do with dozens of brands in the gaming, igaming media and entertainment sector, the details of which are commercially sensitive in nature. The writer is the founder and director of Media Man, Media Man International and Global Gaming Directory.
Global Gaming Directory Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
Club WPT
Websites
PartyCasino.com
PartyCasino.com Marvel Slots
PartyCasino.com Sinatra Slot
PartyPoker.com
World Poker Tour casino
World Poker Tour
Club WPT
The world's leading igaming company, PartyGaming is on a roll.
Having come to terms with the United States Department of Justice earlier this year, PartyGaming have become quite the darling of the igaming, gaming and news media world.
PartyGaming has been on a purchasing and acquisitions mission recently picking up Cashcade and World Poker Tour, and is poised to come to more major business deals in the European, Asia Pacific and South American regions. It's global strategy also sees Party eyeing off India and France, whose government's appear open, even positive, to see a deal inked. PartyGaming has also been able to talk shop with Australia's Crown Casino resulting in sending online poker players in the direction of Crown's Aussie Millions Poker Tournament via its celebrated PartyPoker.com brand.
As PartyGaming CEO, Jim Ryan, has pointed out a number of times this financial year, PartyCasino is a key driver in the business and the Hollywood themed online slot games have been a huge success, as has their "Live Dealer" product, enabled by Evolution Gaming. While PartyCasino secured the rights to WagerWorks classic titles last year, Cleopatra, Monopoly and Cluedo, Party was able to build the portfolio with its own in-house team know as 'The Games Studio'.
Online poker remains the company's bread and butter, despite PartyPoker.com not currently accepting U.S customers. However, Party's purchase and running of World Poker Tour (including World Poker Tour website, World Poker Tour casino website) and Club WPT) means that United States citizens can now enjoy a PartyGaming product without any question of legals. The World Poker Tour brand will also almost certainly enable PartyGaming to facilitate some major news media and television deals, which will further grow the company's bottom line and brand.
Numerous sports and entertainment celebrities have been lining up to represent the brand including cricket and TV star Phil 'Tuffers' Tufnell, Italian football legend Francesco Totti, Germany poker pro Dragan Galic, Australian poker sensations, Tony G and Stewart Scott, and poker babe and TV presenter, Canadian-Brit Kara Scott.
Casino fans... now the information you've been waiting for... more world class online slot games are on the cards for PartyCasino following the recent releases, Call of Action 4: Modern Warfare, Melon Madness, Tarzan, Sinatra, High Noon, Resident Evil and The Naked Gun. Names being speculated include Andre The Giant, Ric Flair, Hulk Hogan, The Expendables, The Sopranos, Sonic, Underbelly, Hilton, UFC, TNA and Marvel. Again, those brands are speculation, but some of these have made print, and as they say, where there's smoke, there's fire!
PartyGaming already offers four Marvel themed online slot games and the Marvel Hero Jackpot, and modern classic, The Godfather, remains one of the most popular slots networked into the world famous Gold Mega Jackpot, currently exceeding $1 million dollars! If you got excited by Cleo, Rambo and Tarzan, just wait till you see what lurks around the corner. Australia's NextGen Gaming has been teasing some journalists and insiders on some massive brands going live on PartyCasino, and that's no spin. The online casino brand also offers 24/7/365 support and comes in a wide range of multi currency and multi language options. Not convinced yet? Players and potential players can also play for free or play for money, so you know your in safe hands. New casino players can currently get up to $500 bonus for signing up.
PartyGaming is listed on the London Stock Exchange and has been operating for over a decade, which is like a lifetime in the gaming world. PartyGaming has also made last year's eGaming Review shortlist for a number of awards and commendations. In addition, PartyGaming and its PartyCasino, PartyPoker and World Poker Tour brands have made the Media Man and Casino News Media shortlist for monthly and yearly awards.
While some of PartyGaming's competitors are putting out some impressive products from time to time, those in the know state that there is only one PartyGaming and that their track record of stability, service, security, innovation and fun speaks for itself.
*the writer has a b2b agreement in place with a number of PartyGaming brands, as they do with dozens of brands in the gaming, igaming media and entertainment sector, the details of which are commercially sensitive in nature. The writer is the founder and director of Media Man, Media Man International and Global Gaming Directory.
Global Gaming Directory Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
Club WPT
Websites
PartyCasino.com
PartyCasino.com Marvel Slots
PartyCasino.com Sinatra Slot
PartyPoker.com
World Poker Tour casino
World Poker Tour
Club WPT
Friday, March 05, 2010
PartyCasino Casino Conquest promotion
Casino Conquest Promotion
Website
PartyCasino.com
Huge cash rewards when you prove yourself in the Casino Conquest
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Ends: 23:59 ET, 14th March
In the Casino Conquest, we give away thousands in cash to players who rank on our two leader boards. The first board is worth over $35,000 and is for regular players and the second, for our Palladium Lounge VIPs, is worth more than $65,000. That's a total of over $100,000 in prize money.
Here's how Casino Conquest works
All the PartyPoints you collect during a Casino Conquest day will count towards your leader board placing. The higher you climb on our leader board, the more cash you'll get. Just keep playing our fabulous games like our big-money jackpot slots to reach the more rewarding prizes.
If you’re one of our VIPs, take a look at the Casino Conquest Palladium Lounge leader board to see how much you could win.
Anyone can reign supreme in the Casino Conquest: all you’ve got to do is opt-in to the promotion from 3rd March and play your favourite games.
Website
PartyCasino.com
Website
PartyCasino.com
Huge cash rewards when you prove yourself in the Casino Conquest
Starts: 00:00 ET, 3rd March
Ends: 23:59 ET, 14th March
In the Casino Conquest, we give away thousands in cash to players who rank on our two leader boards. The first board is worth over $35,000 and is for regular players and the second, for our Palladium Lounge VIPs, is worth more than $65,000. That's a total of over $100,000 in prize money.
Here's how Casino Conquest works
All the PartyPoints you collect during a Casino Conquest day will count towards your leader board placing. The higher you climb on our leader board, the more cash you'll get. Just keep playing our fabulous games like our big-money jackpot slots to reach the more rewarding prizes.
If you’re one of our VIPs, take a look at the Casino Conquest Palladium Lounge leader board to see how much you could win.
Anyone can reign supreme in the Casino Conquest: all you’ve got to do is opt-in to the promotion from 3rd March and play your favourite games.
Website
PartyCasino.com
Thursday, March 04, 2010
Virgin Casino Gets King Kong, Amazon Wild, Beat the Bank and Call of Duty 4 Online Slot Games
Virgin Casino Gets King Kong, Amazon Wild, Beat the Bank and Call of Duty 4 Online Slot Games.
Website
VirginCasino.com
*Sorry, no U.S or Australian players. See World Casino Directory
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Website
VirginCasino.com
*Sorry, no U.S or Australian players. See World Casino Directory
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Wednesday, March 03, 2010
Aussies won't pay for online news; More willing to pay for online games and movies, by Greg Tingle - 3rd March 2010
Nearly two thirds of Australians would not consider paying for online newspapers, however one in two people would pay for online movies, according to research from Nielsen.
Media Man's in-house research via their network of 20 plus websites across a dozen industry verticals, has found that many web surfers are prepared to pay for online games, if value for money is perceived. Website visitors usually first choose the "play for free" option, then roughly half later move onto "play for money" games.
Blockbuster movies themed games, the type put out by Party's 'The Games Studio', generally blitz the competition, something that Richard Branson's Virgin Games has picked up on. Like many of us these days, Virgin's interested in suitable investors to get things to the next level in a number of strategic geo markets.
Virgin Games in conjunction with GDI (Game Domain International) have eyed Australia and the U.S with their A World Of My Own venture, which also features movie and comic book themes, however Virgin and AWOMO don't accept Aussie's at the time of publishing. Virgin does currently provide a broadband and mobile phone service to Aussie's.
The survey findings from a global pond showed just 4% of Australians had paid for online news content with 68% unlikely to do so in the future.
A further 78% said they would not pay for internet-only news sources.
The findings come as publishers increasingly explore online pay walls to sure up revenue streams as newspaper print readership continues to fall dramatically.
Newspapers and website portals have been ramping up gaming and gambling offers over the past 12 months. Sports betting on the horse racing, NRL, AFL, UFC, boxing and special events like the Olympics and Australian political elections have been extremely popular.
Consumers are much more willing to pay for online entertainment content, including movies (51%), books (49%), professionally produced video including current TV shows (46%) and music (44%).
However, a smaller percentage of people said they were willing to pay for newspapers (28%), internet-only news sources (21%) radio (11%) and blogs (9%).
Over the past 12 months Media Man has found that between 4 to 5% of online visitors will play games with approximately 50% of them later becoming "play for money" customers.
James Packer's Crown Casino is exploring igaming b2b deals. Earlier this year operators such as PartyGaming's PartyPoker offered satallite qualifiers to Crown's Aussie Millions Poker Championship.
A third of people said they would accept more ads online to support content costs but 75% objected to combining online ads with paid for content.
The survey polled 500 people in Australia.
This news comes as News Corp's Rupert Murdoch is seriously considering suing Google, largely over Google's "grabbing" of News Limited content, some of which ends up in the Google search engine results and via the Google News service.
Media Man observing and analyzing the merging of the entertainment, media and gaming industries, has recently relaunched http://www.australiansportsentertainment.com
The clear trend is that customers want to interact and be entertained and informed, either for free or at a price, if they feel they are getting value. Strong brands are leveraging off their trust and relationship with their audience. Twitter, Facebook and YouTube accounts attached to websites give punters extra value and enjoyment.
Iconic brands and entities such as Monopoly (Hasbro), Rambo (StudioCanal), Top Gun (Paramount Pictures), James Bond, Tomb Raider (Eidos Interactive), Andre The Giant, UFC, Iron-Man (Marvel), KISS and Wheel Of Fortune (Sony and FremantleMedia) are among those that most consumers instantly recognize. Web surfers generally enjoy the option of reading about their "hero", then having the option to watch multimedia and then play its game title, be it for free or for a moderate charge.
Fairfax Media recently inked a "white label" deal on a games portfolio and News Limited continues to make noise and revenue with its Fox Sports betting options.
The Asia Pacific region remains attractive to many strong igaming companies, even though some say there is significant "grey area" within the territory. Bullish firms will see that as a positive, as the gaming and igaming sector has never been one for cowards.
The late news... Media Man has just been awarded the Hitwise Australia top ten award (#8 in the Entertainment - Personalities sector). Note, it's the entertainment - celeb sector (not the gambling sector Senator Conroy and friends).
Finally, a few apt words of wisdom from media barons in the know...
"Internet is like electricity" (James Packer)
"Big will not beat small anymore. It will be the fast beating the slow" (Rupert Murdoch).
"In the long history of humankind (and animal kind, too) those who
learned to collaborate and improvise most effectively have prevailed" (Charles Darwin)
*The writer is a special contributor for Gambling911
*The writer owns shares in Crown Casino
*The writer has b2b dealings with a number of PartyGaming and Virgin brands
*Greg Tingle is the founder and director of Media Man http://www.mediamanint.com primarily a media, publicity and internet portal development company.
Website Network
Media Man International
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Media Man Australia
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Global Gaming Directory.net
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Sports Entertainment News
Media Man's in-house research via their network of 20 plus websites across a dozen industry verticals, has found that many web surfers are prepared to pay for online games, if value for money is perceived. Website visitors usually first choose the "play for free" option, then roughly half later move onto "play for money" games.
Blockbuster movies themed games, the type put out by Party's 'The Games Studio', generally blitz the competition, something that Richard Branson's Virgin Games has picked up on. Like many of us these days, Virgin's interested in suitable investors to get things to the next level in a number of strategic geo markets.
Virgin Games in conjunction with GDI (Game Domain International) have eyed Australia and the U.S with their A World Of My Own venture, which also features movie and comic book themes, however Virgin and AWOMO don't accept Aussie's at the time of publishing. Virgin does currently provide a broadband and mobile phone service to Aussie's.
The survey findings from a global pond showed just 4% of Australians had paid for online news content with 68% unlikely to do so in the future.
A further 78% said they would not pay for internet-only news sources.
The findings come as publishers increasingly explore online pay walls to sure up revenue streams as newspaper print readership continues to fall dramatically.
Newspapers and website portals have been ramping up gaming and gambling offers over the past 12 months. Sports betting on the horse racing, NRL, AFL, UFC, boxing and special events like the Olympics and Australian political elections have been extremely popular.
Consumers are much more willing to pay for online entertainment content, including movies (51%), books (49%), professionally produced video including current TV shows (46%) and music (44%).
However, a smaller percentage of people said they were willing to pay for newspapers (28%), internet-only news sources (21%) radio (11%) and blogs (9%).
Over the past 12 months Media Man has found that between 4 to 5% of online visitors will play games with approximately 50% of them later becoming "play for money" customers.
James Packer's Crown Casino is exploring igaming b2b deals. Earlier this year operators such as PartyGaming's PartyPoker offered satallite qualifiers to Crown's Aussie Millions Poker Championship.
A third of people said they would accept more ads online to support content costs but 75% objected to combining online ads with paid for content.
The survey polled 500 people in Australia.
This news comes as News Corp's Rupert Murdoch is seriously considering suing Google, largely over Google's "grabbing" of News Limited content, some of which ends up in the Google search engine results and via the Google News service.
Media Man observing and analyzing the merging of the entertainment, media and gaming industries, has recently relaunched http://www.australiansportsentertainment.com
The clear trend is that customers want to interact and be entertained and informed, either for free or at a price, if they feel they are getting value. Strong brands are leveraging off their trust and relationship with their audience. Twitter, Facebook and YouTube accounts attached to websites give punters extra value and enjoyment.
Iconic brands and entities such as Monopoly (Hasbro), Rambo (StudioCanal), Top Gun (Paramount Pictures), James Bond, Tomb Raider (Eidos Interactive), Andre The Giant, UFC, Iron-Man (Marvel), KISS and Wheel Of Fortune (Sony and FremantleMedia) are among those that most consumers instantly recognize. Web surfers generally enjoy the option of reading about their "hero", then having the option to watch multimedia and then play its game title, be it for free or for a moderate charge.
Fairfax Media recently inked a "white label" deal on a games portfolio and News Limited continues to make noise and revenue with its Fox Sports betting options.
The Asia Pacific region remains attractive to many strong igaming companies, even though some say there is significant "grey area" within the territory. Bullish firms will see that as a positive, as the gaming and igaming sector has never been one for cowards.
The late news... Media Man has just been awarded the Hitwise Australia top ten award (#8 in the Entertainment - Personalities sector). Note, it's the entertainment - celeb sector (not the gambling sector Senator Conroy and friends).
Finally, a few apt words of wisdom from media barons in the know...
"Internet is like electricity" (James Packer)
"Big will not beat small anymore. It will be the fast beating the slow" (Rupert Murdoch).
"In the long history of humankind (and animal kind, too) those who
learned to collaborate and improvise most effectively have prevailed" (Charles Darwin)
*The writer is a special contributor for Gambling911
*The writer owns shares in Crown Casino
*The writer has b2b dealings with a number of PartyGaming and Virgin brands
*Greg Tingle is the founder and director of Media Man http://www.mediamanint.com primarily a media, publicity and internet portal development company.
Website Network
Media Man International
Media Man
Media Man Australia
Casino News Media
Casino News Media.net
Global Gaming Directory
Global Gaming Directory.net
Australian Sports Entertainment
Sports Entertainment News
Tuesday, March 02, 2010
CryptoLogic Announces Full Year 2009 Results
CryptoLogic, a global developer of branded online betting games and Internet casino software, today announced its financial results for the three months and full year ended December 31, 2009.
Full-year 2009 summary:
-- Revenue decreased to $39.8 million (2008: $61.5 million) reflecting
lower wagering activity across the industry, adverse currency factors,
and a reduced contribution from a key licensee
-- Net loss of $35.5 million (2008: $32.7 million), reflecting $24.8
million non-recurring charges for asset impairments and restructuring to
align the company's costs with its revenue base.
-- Total annual recurring cost base, which comprises operating, general and
administrative, finance and amortization expenses, reduced by $20.6
million to $55.0 million
-- Merged poker network with that of GTECH Corporation eliminating costs of
a standalone business
-- Branded games revenue increased to $2.8 million (2008: $0.3 million),
accounting for 7.1% of total revenue (2008: 0.5%) despite slower-than-
anticipated roll-out by licensees
-- Total licensee base expanded by 20 to more than 30 leading Internet
gaming operators including Betfair, Sportingbet, totesport and Virgin
Games
-- Signed deals with DC Comics, a division of Warner Bros., to develop
betting games featuring Batman, Superman and Wonder Woman; and with
Paramount Digital Entertainment for games based on 20 movies including
Braveheart, Forrest Gump and Ghost
-- Diluted loss per share of $2.78 (2008: $2.55 diluted loss per share)
-- Total dividend for the year amounted to $1.4 million (2008: $5.4
million), no dividend was declared in Q4 2009
Fourth quarter 2009 highlights:
-- Branded games revenue rose 51.7% sequentially to $1.2 million
-- Doubled the number of branded games in production to 66 from 33 in Q3
2009
-- Major relaunch and investment in virtual casino lobby to enhance long
term revenue opportunities
-- Cyprus office to relocate to Malta in line with the company's plan to
streamline operations
-- Signed three major licensees for branded games - BetClic, Rank
Interactive and UniBet
-- Launched first games based on Batman and Wonder Woman as well as Monkeys
to Mars, Triple Action Hold'em and Aces and Faces
2010 Outlook:
-- Improved revenue from hosted casino as new licensees go live and
existing licensees benefit from investment in major rebranding, a new
lobby and advertising initiatives
-- Branded games continue to gain momentum with the annual run rate
currently at $5 million as more games come on stream
-- Number of new branded games launched by licensees to date and generating
revenues currently at 74, with a backlog of approximately 125 games
-- Costs expected to reduce further in 2010 as additional measures are
implemented to manage overheads
Brian Hadfield, CryptoLogic's President and CEO said: "2009 was a tough year as a number of adverse factors including a global economic downturn overshadowed the company's progress in implementing its innovative new strategy to reduce costs and return to growth.
We have entered 2010 in better shape with a substantially reduced cost base that will continue to be managed tightly. At the same time, new business momentum remains encouraging as branded games continue to roll out and hosted casino licensees implement new initiatives. With new licensing activity staying strong and the overall online casino/gaming market showing some improvement, we look to the year with cautious optimism."
Investor/analyst conference call
CryptoLogic will hold a conference call today at 8:30 a.m. Eastern time (1:30 p.m. GMT) to update investors on the company's progress. The details of the call are as follows:
Toll Free North America: 1-800-766-6630
Toll Free UK: 00 800-4222-8835
Toll Free International (Country Code) 800-4222-8835
Toronto Dial-In Number: 416-340-8410
To participate, please call five to ten minutes prior to the 8:30 a.m EST / 1:30 p.m GMT start of the teleconference. This conference call will be recorded and available for replay approximately one hour after the completion of the call, up until midnight (EST) March 9, 2010. To listen to the replay, please dial 416-695-5800 or for North America only 1-800-408-3053, passcode 6122324#. A transcript of the call will also be made available on CryptoLogic's website at www.cryptologic.com under Investor Information.
Webcast
To access the live audio webcast, please go to www.cryptologic.com and click on Investor Information/Events, or http://events.digitalmedia.telus.com/cryptologic/030110/index.php prior to 8:30 a.m. EST/1:30 p.m. GMT Windows Media Player is required to listen to the webcast. If you do not have the player, a free download is available at www.microsoft.com. A rebroadcast of the webcast will be available for 120 days.
Overview
2009 was a difficult year for CryptoLogic as the company implemented its innovative new strategy to return to profitability and long term growth against the backdrop of a severe global economic downturn, which blunted the solid progress made by the company to improve its long term performance.
The total annual recurring cost base, consisting of operating, G&A, finance and amortization was reduced by $20.6 million or 27.3% to $55.0 million for the year, partly reflecting a decline in the total workforce to 211 from 276 in 2008 and 310 in 2007. At the same time, new business activity remained strong with more than 30 licensees on CryptoLogic's roster, including two full hosted casino customers' wins during the year. The company also achieved four consecutive quarters of revenue growth from branded games licensed and launched by some of the world's leading online gaming operators such as 888.com, Betfair, BskyB, PartyGaming, Sportingbet and Unibet.
However, the positive underlying picture was more than offset by a number of adverse factors including challenging economic conditions that significantly reduced wagering volumes across the industry and contributed to lower hosted Internet casino and poker revenues at CryptoLogic. In addition, the results were impacted by the strength of the US dollar against the euro and the British pound, accounting for a $3.7 million decline in reported revenues in 2009. Excluding the currency factors, total revenues fell by 29.2% for the year.
As announced previously, the company incurred a $24.8million charge against the carrying value of its assets, together with costs relating to restructuring initiatives in Q4 2009 to lower operating expenses.
Restructuring for growth
The company executed a major restructuring of the business in 2009 aimed at focusing on its strengths as a developer and licensor of content-rich branded online betting games and the provision of hosted virtual casino rooms and associated services for Internet gaming operators worldwide.
In March 2009, the company completed the merger of its poker business with GTECH Corporation's Boss Media subsidiary, thereby eliminating the costs of a standalone network while improving poker room liquidity for players This move, together with a rationalisation of IT infrastructure and operational centres, contributed to a reduction in operating expense by 28.4% or $15.8 million to $39.9 million in 2009 (2008: $55.6 million), significantly ahead of management's expectations.
Approximately $8.3 million of the savings came from headcount related expenses, about $2.6 million from infrastructure and facilities downsizing including a cut in server costs and about $4.9 million in operational savings across the business. The total number of operational data centres was cut from 11 to five.
Management expects operating costs to decrease further in 2010 through new initiatives being implemented to streamline operations and lower overall employee expenses. The company today announced the integration of its Cyprus office with its existing operations in Malta, which is a major EU jurisdiction for the online gaming industry and the primary licensing authority for CryptoLogic. Malta is fully committed to supporting the industry with investment in additional infrastructure. As a result, the relocation, which is to be completed later this year, will enhance our customer service and back office capability where many of CryptoLogic's licensees already have a major presence. Staff based in Cyprus are being offered the opportunity to relocate to Malta.
New customer signings and branded games drive revenue
CryptoLogic significantly increased its customer acquisition activities in 2009 as part of its 'build-once-license often' business model to leverage its strong position as an innovator and creator of branded online betting games. The company signed 20 new multiyear licensing deals during 2009 compared with 10 in 2008, taking the total licensee base to more than 30. Two of the deals were for full casino hosting contracts with The Gaming Network and BetSafe.com. The remainder involved licensing of CryptoLogic's award-winning branded casino and casual games to many leading operators including Bet24, GalaCoral, Paddy Power, Rank Interactive, totesport, Victor Chandler Group and Virgin Games.
Hosted Internet Casino
Revenue from hosted casino decreased 28.4% to $30 million for the year (2008: $41.8 million) reflecting the impact of the economic downturn on wagering volumes and the previously reported transition of two licensees. Hosted casino remains a key element in our strategy. As highlighted above with the signing of two full casino licensees. In addition, the company invested in the development of a new, user-friendly casino lobby; the addition of a new credit card processor; new payment options; the launch of 47 new games and assisted a major licensee in the repositioning of its brand and the development of a new advertising campaign. The revenue benefits will accrue from 2010.
Branded Games
Branded games revenues rose to $2.8 million for the year ended December 31, 2009 (2008: $0.3 million), accounting for 7.1% of total revenue in 2009 (2008: 0.5%). During the year, the number of games launched by licensees increased steadily from 3 to 66 at the end of the 2009. The majority of these games went live in the second half of the year including 20 games in third quarter and 33 games in the fourth quarter.
Although branded games revenue increased four quarters in a row, the growth rate was held back by a slower than expected roll-out by some licensees. The company expects branded game revenue to increase in 2010 as it benefits from a full year of revenue on games delivered in 2009 and from more games due to be launched from around a further 125 contracted by licensees.
In early 2009, CryptoLogic expanded its portfolio of branded content by signing an exclusive agreement with DC Comics, a division of Warner Bros., Digital Distribution and DC Comics to bring characters such as Superman, Batman and Wonder Woman to Internet casinos. This was followed by a deal giving CryptoLogic exclusive rights to offer online slot games based on more than 20 of Paramount Pictures' feature films titles including Braveheart, Forrest Gump, Beowulf and Beverly Hills Cop.
Investing in E-gaming innovation
New games development activity remained strong with 47 new games released during 2009. Following the agreement with DC Comics, a division of Warner Bros., in October 2009 CryptoLogic launched the first games based on comic heroes Batman and Wonder Woman, further enhancing CryptoLogic's unique offering for its customers, allowing it to expand its licensees for both Internet Casino and branded games.
Batman battles The Joker in the internet world's first and only Batman slot machine. This groundbreaking 50-line game features stacked wilds and a Batman re-spin feature where all prizes are doubled as three free spins are played with one reel completely wild. Armed with a Batarang, players fight through the inmates of Arkham Asylum to stop The Joker, earning cash prizes.
During the year CryptoLogic brought out a slot version of Jenga, one of the world's most popular board games, developed by its Centre for Innovation in record time. Other games launched included Call of Duty 4: Modern Warfare, Street Fighter IV, Savannah Sunrise, Buccaneers' Bounty and Cleo Queen of Egypt. The Centre continues to play a major role in the creation of new games offering high entertainment value to players. Building on its success with Jenga, it developed a portfolio of new games including a new table game called Triple Action Hold'Em; and a video poker game, Aces and Faces.
In addition, the company is actively developing gaming content tailored for the rapidly expanding mobile Internet, social networking and 3-D environments. It anticipates launching its first 3-D games in Q2 2010.
Financial performance
Total Revenue:
Revenue in the fourth quarter was $9.9 million, a decrease of 12.6% as compared with the same period in the prior year (Q4 2008: $11.4 million). Compared with the previous quarter, revenue was up by almost 3.5%.
Internet casino revenue increased 17.4% to $8.7 million for the quarter ended December 31, 2009 when compared to the same period in the prior year (Q4 2008: $7.5 million). Internet casino revenue, when compared to Q3 2009 increased by 23.2% due primarily to a revision of our estimate to discharge future jackpot payouts of $0.8 million, a non recurring $0.8 million benefit associated with the resolution of a commercial matter, which was initially recorded in other revenue in the third quarter but reclassified to casino revenue to be consistent with prior presentation of similar items. The U.S. dollar was relatively weak during the quarter which increased revenue by $0.4 million. Offsetting this increase was a decrease in revenue at one of the company's major licensees.
Q4 2009 Internet poker revenue decreased 79.7% to $0.5 million (Q4 2008: $2.7 million). The decrease in Internet poker revenue was primarily due to the transition of the poker network to GTECH, which reduced the number of the company's poker licensees, fees paid to GTECH, and a decline in the overall poker industry. Internet poker revenue increased by 8.4% when compared to Q3 2009 as the company optimizes the GTECH environment.
Branded games revenue was $1.2 million for the three month period ended December 31, 2009 (2008: $0.3 million). During the quarter, the company's branded games revenue increased by 51.7% sequentially as the number of revenue producing games increased from 33 to 66 games. The majority of the games delivered were late in the fourth quarter. The company expects branded game revenue to increase in 2010 as it benefits from a full year of revenue on games delivered in 2009 and increases the number of revenue producing games.
Operating Expense
Q4 2009 operating expense was $12.6 million. (Q4 2008: $13.3 million) Included in the operating expense for the quarter was a $1.5 million investment in a major relaunch of a virtual casino lobby for the company's major licensees and asset impairments of $1.7 million associated with the company's comprehensive balance sheet review brought on by the difficult macroeconomic conditions. After normalizing for the two non recurring items, operating expense was $9.3 million roughly flat when compared to Q3 2009. Operating expenses were impacted by increased investment in software development capability in lower cost jurisdictions, primarily in Eastern Europe and increased marketing program related costs.
General and Administrative Expense
In Q4 2009, G&A expense was $2.5 million. (Q4 2008: $3.7 million). G&A expense in Q3 2009 was $2.4 million. G&A expense increased 4.0% when compared to the previous quarter due to increased professional fees associated with our annual audit and compliance with Sarbanes Oxley off set in part by decreased consulting fees associated with the protection of our intellectual property.
Asset Impairments
The company regularly reviews its assets for impairment. During Q4 2009, the company completed its review of its long term investments and noted various indicators of impairment including significant financial difficulty, restructuring activities and limited ability to operate a profitable business in the short and medium term. Consequently, the company determined that the carrying value of its long term investments in Mobilebus, Mikoishi, Jingle and 568 Inc. were greater than their respected fair values resulting in an impairment charge of $2.3 million. The company also reviewed certain software development projects as a result of difficult macro-economic conditions and a decline in expected future revenues, which resulted in an impairment charge of $2.7 million.
Reorganization Charges
The company expanded its reorganization plan initially announced in 2008, due to continued unfavorable macroeconomic conditions and will outsource additional technology infrastructure activities, consolidate more of its data centre operations, and migrate additional functions to lower cost jurisdictions resulting in further reduction in headcount and a reduction of its leased office space in both Canada and Cyprus. Reorganization expense recorded in 2009 was $7.1 million and comprises consulting fees required to execute the plan of $1.1 million, severance of $1.1 million, lease termination costs associated with the office space in Canada of $1.8 million and associated asset impairments of $3.1 million. The company expects cash outlays of $3.0 million, primarily on lease termination costs in Toronto and employee severance, to fully execute the restructuring plan.
Earnings and Earnings per Diluted Share:
The company recorded a loss of $24.8 million for the quarter ($1.97 per fully diluted share), due primarily to $19.9 million in non-recurring charges for reorganization of our business, impairments of goodwill and other asset impairments.
Balance Sheet and Cash Flow:
At December 31, 2009, CryptoLogic ended the year with $23.7 million of net cash (comprising cash and cash equivalents, restricted cash and security deposits) or $1.71 per diluted share (December 31, 2008: $43.8 million or $3.15 per diluted share). The decrease in net cash of $20.1 million is primarily due to cash impact of operating losses ($10.2 million), dividends paid ($1.4 million), increase in prepaid assets ($2.6 million) due primarily to payments to royalty providers including DC Comics, Marvel and Paramount offset by amortization, increase in accounts receivable ($1.8 million) due primarily to the outsourcing of the poker network and the increase in branded games which each have a one month delay in cash settlement and decrease in accounts payable and accrued liabilities ($5.2 million) due to decrease in activity consistent with a cost reduction plan and the capital expenditures ($0.4 million), investments in Asia ($0.5 million). These decreases are offset by net tax refunds of $2.0m. CryptoLogic continues to be debt free.
CryptoLogic's working capital at December 31, 2009 was $26.5 million or $1.91 per diluted share (December 31, 2008: $41.2 million or $2.97 per diluted share).
2010 Outlook:
-- Improved revenue from hosted casino as new licensees go live and
existing licensees benefit from investment in major rebranding, a new
lobby and advertising initiatives
-- Branded games continue to gain momentum with the annual run rate
currently at $5 million as more games come on stream
-- Number of new branded games launched by licensees to date and generating
revenues currently at 74, with a backlog of approximately 125 games
-- Costs expected to reduce further in 2010 as additional measures are
implemented to manage overheads
CryptoLogic will hold its annual general meeting in Dublin on May 17, 2010.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the company's financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
About CryptoLogic(R) (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The company's licensees include many top Internet gaming brands, including the "big four" international operators. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.
CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).
SOURCE: CryptoLogic Limited
Full-year 2009 summary:
-- Revenue decreased to $39.8 million (2008: $61.5 million) reflecting
lower wagering activity across the industry, adverse currency factors,
and a reduced contribution from a key licensee
-- Net loss of $35.5 million (2008: $32.7 million), reflecting $24.8
million non-recurring charges for asset impairments and restructuring to
align the company's costs with its revenue base.
-- Total annual recurring cost base, which comprises operating, general and
administrative, finance and amortization expenses, reduced by $20.6
million to $55.0 million
-- Merged poker network with that of GTECH Corporation eliminating costs of
a standalone business
-- Branded games revenue increased to $2.8 million (2008: $0.3 million),
accounting for 7.1% of total revenue (2008: 0.5%) despite slower-than-
anticipated roll-out by licensees
-- Total licensee base expanded by 20 to more than 30 leading Internet
gaming operators including Betfair, Sportingbet, totesport and Virgin
Games
-- Signed deals with DC Comics, a division of Warner Bros., to develop
betting games featuring Batman, Superman and Wonder Woman; and with
Paramount Digital Entertainment for games based on 20 movies including
Braveheart, Forrest Gump and Ghost
-- Diluted loss per share of $2.78 (2008: $2.55 diluted loss per share)
-- Total dividend for the year amounted to $1.4 million (2008: $5.4
million), no dividend was declared in Q4 2009
Fourth quarter 2009 highlights:
-- Branded games revenue rose 51.7% sequentially to $1.2 million
-- Doubled the number of branded games in production to 66 from 33 in Q3
2009
-- Major relaunch and investment in virtual casino lobby to enhance long
term revenue opportunities
-- Cyprus office to relocate to Malta in line with the company's plan to
streamline operations
-- Signed three major licensees for branded games - BetClic, Rank
Interactive and UniBet
-- Launched first games based on Batman and Wonder Woman as well as Monkeys
to Mars, Triple Action Hold'em and Aces and Faces
2010 Outlook:
-- Improved revenue from hosted casino as new licensees go live and
existing licensees benefit from investment in major rebranding, a new
lobby and advertising initiatives
-- Branded games continue to gain momentum with the annual run rate
currently at $5 million as more games come on stream
-- Number of new branded games launched by licensees to date and generating
revenues currently at 74, with a backlog of approximately 125 games
-- Costs expected to reduce further in 2010 as additional measures are
implemented to manage overheads
Brian Hadfield, CryptoLogic's President and CEO said: "2009 was a tough year as a number of adverse factors including a global economic downturn overshadowed the company's progress in implementing its innovative new strategy to reduce costs and return to growth.
We have entered 2010 in better shape with a substantially reduced cost base that will continue to be managed tightly. At the same time, new business momentum remains encouraging as branded games continue to roll out and hosted casino licensees implement new initiatives. With new licensing activity staying strong and the overall online casino/gaming market showing some improvement, we look to the year with cautious optimism."
Investor/analyst conference call
CryptoLogic will hold a conference call today at 8:30 a.m. Eastern time (1:30 p.m. GMT) to update investors on the company's progress. The details of the call are as follows:
Toll Free North America: 1-800-766-6630
Toll Free UK: 00 800-4222-8835
Toll Free International (Country Code) 800-4222-8835
Toronto Dial-In Number: 416-340-8410
To participate, please call five to ten minutes prior to the 8:30 a.m EST / 1:30 p.m GMT start of the teleconference. This conference call will be recorded and available for replay approximately one hour after the completion of the call, up until midnight (EST) March 9, 2010. To listen to the replay, please dial 416-695-5800 or for North America only 1-800-408-3053, passcode 6122324#. A transcript of the call will also be made available on CryptoLogic's website at www.cryptologic.com under Investor Information.
Webcast
To access the live audio webcast, please go to www.cryptologic.com and click on Investor Information/Events, or http://events.digitalmedia.telus.com/cryptologic/030110/index.php prior to 8:30 a.m. EST/1:30 p.m. GMT Windows Media Player is required to listen to the webcast. If you do not have the player, a free download is available at www.microsoft.com. A rebroadcast of the webcast will be available for 120 days.
Overview
2009 was a difficult year for CryptoLogic as the company implemented its innovative new strategy to return to profitability and long term growth against the backdrop of a severe global economic downturn, which blunted the solid progress made by the company to improve its long term performance.
The total annual recurring cost base, consisting of operating, G&A, finance and amortization was reduced by $20.6 million or 27.3% to $55.0 million for the year, partly reflecting a decline in the total workforce to 211 from 276 in 2008 and 310 in 2007. At the same time, new business activity remained strong with more than 30 licensees on CryptoLogic's roster, including two full hosted casino customers' wins during the year. The company also achieved four consecutive quarters of revenue growth from branded games licensed and launched by some of the world's leading online gaming operators such as 888.com, Betfair, BskyB, PartyGaming, Sportingbet and Unibet.
However, the positive underlying picture was more than offset by a number of adverse factors including challenging economic conditions that significantly reduced wagering volumes across the industry and contributed to lower hosted Internet casino and poker revenues at CryptoLogic. In addition, the results were impacted by the strength of the US dollar against the euro and the British pound, accounting for a $3.7 million decline in reported revenues in 2009. Excluding the currency factors, total revenues fell by 29.2% for the year.
As announced previously, the company incurred a $24.8million charge against the carrying value of its assets, together with costs relating to restructuring initiatives in Q4 2009 to lower operating expenses.
Restructuring for growth
The company executed a major restructuring of the business in 2009 aimed at focusing on its strengths as a developer and licensor of content-rich branded online betting games and the provision of hosted virtual casino rooms and associated services for Internet gaming operators worldwide.
In March 2009, the company completed the merger of its poker business with GTECH Corporation's Boss Media subsidiary, thereby eliminating the costs of a standalone network while improving poker room liquidity for players This move, together with a rationalisation of IT infrastructure and operational centres, contributed to a reduction in operating expense by 28.4% or $15.8 million to $39.9 million in 2009 (2008: $55.6 million), significantly ahead of management's expectations.
Approximately $8.3 million of the savings came from headcount related expenses, about $2.6 million from infrastructure and facilities downsizing including a cut in server costs and about $4.9 million in operational savings across the business. The total number of operational data centres was cut from 11 to five.
Management expects operating costs to decrease further in 2010 through new initiatives being implemented to streamline operations and lower overall employee expenses. The company today announced the integration of its Cyprus office with its existing operations in Malta, which is a major EU jurisdiction for the online gaming industry and the primary licensing authority for CryptoLogic. Malta is fully committed to supporting the industry with investment in additional infrastructure. As a result, the relocation, which is to be completed later this year, will enhance our customer service and back office capability where many of CryptoLogic's licensees already have a major presence. Staff based in Cyprus are being offered the opportunity to relocate to Malta.
New customer signings and branded games drive revenue
CryptoLogic significantly increased its customer acquisition activities in 2009 as part of its 'build-once-license often' business model to leverage its strong position as an innovator and creator of branded online betting games. The company signed 20 new multiyear licensing deals during 2009 compared with 10 in 2008, taking the total licensee base to more than 30. Two of the deals were for full casino hosting contracts with The Gaming Network and BetSafe.com. The remainder involved licensing of CryptoLogic's award-winning branded casino and casual games to many leading operators including Bet24, GalaCoral, Paddy Power, Rank Interactive, totesport, Victor Chandler Group and Virgin Games.
Hosted Internet Casino
Revenue from hosted casino decreased 28.4% to $30 million for the year (2008: $41.8 million) reflecting the impact of the economic downturn on wagering volumes and the previously reported transition of two licensees. Hosted casino remains a key element in our strategy. As highlighted above with the signing of two full casino licensees. In addition, the company invested in the development of a new, user-friendly casino lobby; the addition of a new credit card processor; new payment options; the launch of 47 new games and assisted a major licensee in the repositioning of its brand and the development of a new advertising campaign. The revenue benefits will accrue from 2010.
Branded Games
Branded games revenues rose to $2.8 million for the year ended December 31, 2009 (2008: $0.3 million), accounting for 7.1% of total revenue in 2009 (2008: 0.5%). During the year, the number of games launched by licensees increased steadily from 3 to 66 at the end of the 2009. The majority of these games went live in the second half of the year including 20 games in third quarter and 33 games in the fourth quarter.
Although branded games revenue increased four quarters in a row, the growth rate was held back by a slower than expected roll-out by some licensees. The company expects branded game revenue to increase in 2010 as it benefits from a full year of revenue on games delivered in 2009 and from more games due to be launched from around a further 125 contracted by licensees.
In early 2009, CryptoLogic expanded its portfolio of branded content by signing an exclusive agreement with DC Comics, a division of Warner Bros., Digital Distribution and DC Comics to bring characters such as Superman, Batman and Wonder Woman to Internet casinos. This was followed by a deal giving CryptoLogic exclusive rights to offer online slot games based on more than 20 of Paramount Pictures' feature films titles including Braveheart, Forrest Gump, Beowulf and Beverly Hills Cop.
Investing in E-gaming innovation
New games development activity remained strong with 47 new games released during 2009. Following the agreement with DC Comics, a division of Warner Bros., in October 2009 CryptoLogic launched the first games based on comic heroes Batman and Wonder Woman, further enhancing CryptoLogic's unique offering for its customers, allowing it to expand its licensees for both Internet Casino and branded games.
Batman battles The Joker in the internet world's first and only Batman slot machine. This groundbreaking 50-line game features stacked wilds and a Batman re-spin feature where all prizes are doubled as three free spins are played with one reel completely wild. Armed with a Batarang, players fight through the inmates of Arkham Asylum to stop The Joker, earning cash prizes.
During the year CryptoLogic brought out a slot version of Jenga, one of the world's most popular board games, developed by its Centre for Innovation in record time. Other games launched included Call of Duty 4: Modern Warfare, Street Fighter IV, Savannah Sunrise, Buccaneers' Bounty and Cleo Queen of Egypt. The Centre continues to play a major role in the creation of new games offering high entertainment value to players. Building on its success with Jenga, it developed a portfolio of new games including a new table game called Triple Action Hold'Em; and a video poker game, Aces and Faces.
In addition, the company is actively developing gaming content tailored for the rapidly expanding mobile Internet, social networking and 3-D environments. It anticipates launching its first 3-D games in Q2 2010.
Financial performance
Total Revenue:
Revenue in the fourth quarter was $9.9 million, a decrease of 12.6% as compared with the same period in the prior year (Q4 2008: $11.4 million). Compared with the previous quarter, revenue was up by almost 3.5%.
Internet casino revenue increased 17.4% to $8.7 million for the quarter ended December 31, 2009 when compared to the same period in the prior year (Q4 2008: $7.5 million). Internet casino revenue, when compared to Q3 2009 increased by 23.2% due primarily to a revision of our estimate to discharge future jackpot payouts of $0.8 million, a non recurring $0.8 million benefit associated with the resolution of a commercial matter, which was initially recorded in other revenue in the third quarter but reclassified to casino revenue to be consistent with prior presentation of similar items. The U.S. dollar was relatively weak during the quarter which increased revenue by $0.4 million. Offsetting this increase was a decrease in revenue at one of the company's major licensees.
Q4 2009 Internet poker revenue decreased 79.7% to $0.5 million (Q4 2008: $2.7 million). The decrease in Internet poker revenue was primarily due to the transition of the poker network to GTECH, which reduced the number of the company's poker licensees, fees paid to GTECH, and a decline in the overall poker industry. Internet poker revenue increased by 8.4% when compared to Q3 2009 as the company optimizes the GTECH environment.
Branded games revenue was $1.2 million for the three month period ended December 31, 2009 (2008: $0.3 million). During the quarter, the company's branded games revenue increased by 51.7% sequentially as the number of revenue producing games increased from 33 to 66 games. The majority of the games delivered were late in the fourth quarter. The company expects branded game revenue to increase in 2010 as it benefits from a full year of revenue on games delivered in 2009 and increases the number of revenue producing games.
Operating Expense
Q4 2009 operating expense was $12.6 million. (Q4 2008: $13.3 million) Included in the operating expense for the quarter was a $1.5 million investment in a major relaunch of a virtual casino lobby for the company's major licensees and asset impairments of $1.7 million associated with the company's comprehensive balance sheet review brought on by the difficult macroeconomic conditions. After normalizing for the two non recurring items, operating expense was $9.3 million roughly flat when compared to Q3 2009. Operating expenses were impacted by increased investment in software development capability in lower cost jurisdictions, primarily in Eastern Europe and increased marketing program related costs.
General and Administrative Expense
In Q4 2009, G&A expense was $2.5 million. (Q4 2008: $3.7 million). G&A expense in Q3 2009 was $2.4 million. G&A expense increased 4.0% when compared to the previous quarter due to increased professional fees associated with our annual audit and compliance with Sarbanes Oxley off set in part by decreased consulting fees associated with the protection of our intellectual property.
Asset Impairments
The company regularly reviews its assets for impairment. During Q4 2009, the company completed its review of its long term investments and noted various indicators of impairment including significant financial difficulty, restructuring activities and limited ability to operate a profitable business in the short and medium term. Consequently, the company determined that the carrying value of its long term investments in Mobilebus, Mikoishi, Jingle and 568 Inc. were greater than their respected fair values resulting in an impairment charge of $2.3 million. The company also reviewed certain software development projects as a result of difficult macro-economic conditions and a decline in expected future revenues, which resulted in an impairment charge of $2.7 million.
Reorganization Charges
The company expanded its reorganization plan initially announced in 2008, due to continued unfavorable macroeconomic conditions and will outsource additional technology infrastructure activities, consolidate more of its data centre operations, and migrate additional functions to lower cost jurisdictions resulting in further reduction in headcount and a reduction of its leased office space in both Canada and Cyprus. Reorganization expense recorded in 2009 was $7.1 million and comprises consulting fees required to execute the plan of $1.1 million, severance of $1.1 million, lease termination costs associated with the office space in Canada of $1.8 million and associated asset impairments of $3.1 million. The company expects cash outlays of $3.0 million, primarily on lease termination costs in Toronto and employee severance, to fully execute the restructuring plan.
Earnings and Earnings per Diluted Share:
The company recorded a loss of $24.8 million for the quarter ($1.97 per fully diluted share), due primarily to $19.9 million in non-recurring charges for reorganization of our business, impairments of goodwill and other asset impairments.
Balance Sheet and Cash Flow:
At December 31, 2009, CryptoLogic ended the year with $23.7 million of net cash (comprising cash and cash equivalents, restricted cash and security deposits) or $1.71 per diluted share (December 31, 2008: $43.8 million or $3.15 per diluted share). The decrease in net cash of $20.1 million is primarily due to cash impact of operating losses ($10.2 million), dividends paid ($1.4 million), increase in prepaid assets ($2.6 million) due primarily to payments to royalty providers including DC Comics, Marvel and Paramount offset by amortization, increase in accounts receivable ($1.8 million) due primarily to the outsourcing of the poker network and the increase in branded games which each have a one month delay in cash settlement and decrease in accounts payable and accrued liabilities ($5.2 million) due to decrease in activity consistent with a cost reduction plan and the capital expenditures ($0.4 million), investments in Asia ($0.5 million). These decreases are offset by net tax refunds of $2.0m. CryptoLogic continues to be debt free.
CryptoLogic's working capital at December 31, 2009 was $26.5 million or $1.91 per diluted share (December 31, 2008: $41.2 million or $2.97 per diluted share).
2010 Outlook:
-- Improved revenue from hosted casino as new licensees go live and
existing licensees benefit from investment in major rebranding, a new
lobby and advertising initiatives
-- Branded games continue to gain momentum with the annual run rate
currently at $5 million as more games come on stream
-- Number of new branded games launched by licensees to date and generating
revenues currently at 74, with a backlog of approximately 125 games
-- Costs expected to reduce further in 2010 as additional measures are
implemented to manage overheads
CryptoLogic will hold its annual general meeting in Dublin on May 17, 2010.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the company's financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
About CryptoLogic(R) (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The company's licensees include many top Internet gaming brands, including the "big four" international operators. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.
CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).
SOURCE: CryptoLogic Limited
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