03/13/2010

Online Casino Style: News
Quarter Results for Crypto - 2


 

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continued from Quarter Results for Crypto - 1

The online gambling company did see a significant amount of growth in terms of signing new operators to their lists, with an expansion completed in the late part of last year that brought the total number of internet casino licensees from 20 to 30, including the addition of well-known and respected brands such as Virgin Games, Totesport, Sportingbet and even Betfair.

There were a number of other highlights included in the quarter end report as well, as it acted as an informative statement for the online casino community. The company has published their recent intention to completely overhaul its internet casino lobby, taking into consideration player preferences and suggestions to enhance long-term revenue goals. Their Cyprus office will be moving shortly to Malta to better streamline operations. From October to December, three more operators were signed for branded content: BetClic, UniBet, and Rank Interactive.

"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,” said Brian Hadfield, the CEO for the online gambling software provider. “We have entered 2010 in better shape with a substantially reduced cost base that will continue to be managed tightly. With new licensing activity staying strong and the overall online casino/gaming market showing some improvement, we look to the year with cautious optimism."
 

 

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