Us Weekly Magazine - Celebrity News

Cryptologic Software Posts 2006 First Quarter Results

Cryptologic, the leading provider of online casino software, has revealed fantastic quarter results for the first quarter.

The software provider has reasons to celebrate. The first reason to be jubilant is the announcement that the company had a seventy one percent increase in dividends on a rising share price. The leading online casino software first quarter profits have reached a high of fifty eight percent to more than $7 million.

Cryptologic also announced that new customers have joined the company increasing their already broad customer base. Among the new clients that have joined the group is Playboy magazine who will soon launch their own brand of online casinos.

A Playboy spokesperson had announced that Cryptologic software is their only choice when their company had decided to venture on online casinos.

The revenues of Cryptologic have seen a thirty three percent increase of a twenty seven million. The revenue jump exceeded the forecast revenues for the year.

The online gambling sites of Inter Poker and Inter Casino is also extending their contracts with Cryptologic through 2012. Inter Poker and Inter Casino had vowed their trust and commitment in using the gaming platforms of Cryptologic online casino software.

The Ritz Club London has decided to cut their ties with Cryptologic, but according to the software developer, the loss of the deal does not affect the profits of company.