Cryptologic to merge with Boss
12th November, 2008
Cryptologic are one of the online gaming industries most well known and experienced software provides. They provide operators with high quality products which guarantee safety and enjoyment.
The companies will also merge each others vast poker networks placing both companies in a stronger market position.
It is expected this new deal will save Cryptologic around US$12m and US$15m every year. Brian Hadfield, Chief Executive Director of the company said, the deal represented “a major step in our journey back to growth, profitability and returning shareholder value"
President of Boss parent company G Tech (New Media & Sports Betting) “We are delighted to welcome these customers and their players to our network and significantly increase the liquidity for our new enhanced player base," he said.
In the current tough economic climate companies are looking to strengthen their positions. Crypotologic were left out of a deal struck between Playtech and William Hill only a few weeks ago. However this new deal will brighten up both companies future forecasts.
By Michael
