Betclic deal confirmed

Betclic deal confirmed

December 14, 2009.

The weekend speculation by the Irish Times that [45] was about to announce an important deal was confirmed Monday in a press release from the Dublin-based software provider.

The release confirmed that Cryptologic has signed a multi-year agreement to license at least five of its most compelling online betting games to BetClic, a member of the French Online Gambling group Mangas Gaming.

The agreement covers some of CryptoLogic's top slot games, all of which are scheduled to go live on BetClic's games website, providing CryptoLogic with recurring revenue based on wagers placed by BetClic's customers. One CryptoLogic game is already live with the remainder to follow shortly. The games will be integrated through CryptoLogic's technology platform provider, Gaming Technology Solutions plc.

Brian Hadfield, president and CEO of CryptoLogic, said: "The popularity and demand for our industry-leading games remains strong as evidenced by this latest agreement with BetClic, a fast growing European operator. As each new licensee launches our games, we add a new and recurring revenue stream to our business while providing enhanced value and user experience for our partners' customers."

Created in 2005, in less than four years BetClic has grown from a start-up to a major online sports gaming business in Europe. Led by its founder and CEO, Nicolas Beraud, it currently has 300 employees, including 40 bookmakers, and over one and a half million customers.

"We are excited about the prospect of adding quality branded content to our current portfolio," said Beraud. "CryptoLogic games are instantly recognisable and are developed to the highest industry standards. This partnership further enhances our commitment to offering the best gaming experience to our diverse customer base."