The Standard
TORONTO -- CryptoLogic Inc.'s move to capitalize on the demand for
online poker has "paid off in spades," the Internet casino and poker
software firm said yesterday as it posted a 25 per cent gain in
quarterly profits, increased revenues by a third and saw its stock rise
more than 10 per cent. "Cryptologic saw the large, untapped market
opportunity of online poker and we leveraged our reputation for
innovation and strong brand-name licensees to establish a very
significant position in online poker," said Lewis Rose, CryptoLogic's
president and chief executive.
