Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Friday 11th April 2008

CryptoLogic Continues Asian Expansion

Gaming software developer CryptoLogic Limited has continued its expansion into Asia with the purchase a substantial minority stake in South Korea's Mobilebus Incorporated, one of Asia's fastest-growing mobile and PC game developers and publishers.

Dublin-based CryptoLogic stated that the agreement would see it represented on the board at Mobilebus along with the option of increasing its ownership to a majority position in the future.

The deal will see the two firms create new games and develop and acquire new casual game portals for South Korea, one of the world's most sophisticated gaming markets. The nation boasts the world's highest levels of Internet and mobile phone penetration and is considered by many as the trendsetter for gaming in Asia with many Chinese and North American publishers sourcing content and technology from Korea-based firms.

'Today marks another key milestone in CryptoLogic's global diversification and expansion and another key step into the lucrative Asian market,' said Brian Hadfield, President and Chief Executive Officer of r CryptoLogic.

“Asia is critical to CryptoLogic's 'follow the sun' approach to business; it's about having development going around the clock, around the world. As an experienced game developer in a gaming-friendly market, Mobilebus will help bring players a uniquely Korean entertainment experience.'

CryptoLogic stated that the new portals will offer traditional Korean card and arcade games as well as a suite of subscription-based poker games including high-low and Texas Hold'em featuring avatars and cyber-cash systems, a popular means of payment on Asian sites, with additional revenues generated from in-game advertising and sponsorship.

'CryptoLogic's track record of integrity, innovation and performance will help Mobilebus take its business to new heights and open up new avenues for growth,' said John Lee, Chief Executive Officer for Mobilebus.

'Together, our companies are poised to make an impact in this highly profitable market.'

�

Source: OnlineCasinoNews

View Similar Stories
Online Casino Extends Contract with CryptoLogic
Cryptologic Earns Industry's Top Casino Software Honour for Third Consecutive Year
CryptoLogic Announces Revenues Increase
CryptoLogic Subsidiary Secures �Bejeweled� License
CryptoLogic Awarded Exclusive Contract by Holland Casino

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Friday 25^th May, 2012: One way poker Swapsies

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.