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Cryptologic Software Review

Cryptologic is one of the oldest and most respected names in the online gambling industry. Founded in 1995, Cryptologic - along with Microgaming - is credited with being one of the pioneers in the development of online casino gaming technology, particularly in the area of IT security and cashier processing solutions. In fact, Cryptologic's initial business operations were as an eCash processor, and to this date, the company has securely processed over $25 billion in online gaming transactions.

Accreditations include a membership with the Remote Gaming Association, whose standards of gaming responsibility and transparency are of the highest. Wagerlogic is also accredited for fairness and submits to ongoing audits through two of the world's leading iGaming regulatory jurisdictions - Malta and Alderney.

While there are a number of well-known operators using Cryptologic's suite of casino games today, including Littlewoods and the Ritz Club, it was one of the Web's first online casinos - Inter Casino - that put Cryptologic on the map, and continues to do so to this day. Inter Casino, in fact, is owned and operated by Wagerlogic, and has been accepting real money clientele since 1997. A big player in the U.S. iGaming market before the passing of the UIGEA online gambling ban, Inter Casino largely caters to the European industry. With clients in over 240 nations and having served over 1 million customers, it's safe to say that Cryptologic is a leading global brand.

Now, a formidable B2B solutions provider for the iGaming industry at large, Cryptologic's software subsidiary, Wagerlogic, is the force behind the company's impressive portfolio of online casino games, which most famously include a suite of slot machines branded on the Marvel Superhero comics, and more recently, DC Comics.

A major reason for the success of Cryptologic's Marvel Slots - besides the inherent branding and popularity of the superhero titles on their own right - has been the addition of a highly active progressive jackpot network. Paying out every few hours, this particular jackpot network is strictly synced with all of Cryptologic's Marvel slots (aside from "The Incredible Hulk" fruit machine). Being random jackpots, no winning symbol combinations are needed to win one of three jackpots: the Hero Jackpot (starting at $50), the Super Hero Jackpot (starting at $500) and the Marvel Jackpot (starting at $5,000). Cryptologic also offers a wide area progressive jackpot on many of its video slots, one of which (Millionaire's Club) paid out one of the largest online casino jackpots to date - valued at over $8 million.

With over 280 casino games available for download and a no-download Flash platform with over 60 casino games, Cryptologic has a prolific development schedule (at least 20 new games are released every year, many of which are popular, branded titles). In addition to the aforementioned Marvel slots, Cryptologic also has a licensing agreement with DC Comics, branding such slots as Wonder Woman and Batman. The graphics - which can be previewed via screen shots or play-for-fun software platforms like that of Inter Casino - resemble the best in video gaming, while a simple interface and navigation menu keep things very user-friendly. The software platform also keeps strict records of playing history and account statements at each player's disposal.

Most recently, 2010 ended up proving a tough year for Cryptologic, culminating into $16 million in losses and the resignation of longtime CEO, Brian Hadfield. Forced to make large cutbacks to it's 200+ plus workforce, Dublin-based Cryptologic has been through both good and bad times, and with the implementation of business strategy changes in 2010, promises to be a strong player in the iGaming industry down the road.

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