It has been noticed through out the world’s stock exchanges that when a good business meets another good business and makes a good deal, shares in the stock rise. It is a fairly universal theme, and just plain good business. The same holds absolutely true for the online casino, gambling and gaming industry. When a popular site meets a top notch software provider, or two software giants hold hands, fruitful things for those companies are bound to happen. Recently, CryptoLogic and Rank Group saw just that very thing happen.
Shares for both CryptoLogic and Rank Interactive which is Rank Group’s online gambling division, saw a nice rise when they announced that they have agreed and penned a long term deal. The agreement seems very simple. CryptoLogic is set to supply Rank Interactive with no less than ten of its online wagering and betting games. CryptoLogic has proven itself to be a leader in the online gambling and gaming industry. They have in excess of 280 games. They also sport one of the best casino suites on the world wide web. Their licensing agreements are some of the most profitable in the online casino industry.
Rank Interactive looks so highly on CryptoLogic’s reputation that Gaming Director, Angus Nisbet said, “At Rank Interactive we have been looking to build on our success and expand our increasingly popular games offering. By striking this deal with Cryptologic our customers is gaining access to the very best and most innovative betting games on the market, enhancing our relationship and revenue prospects going forward.” Truly this is a well sought after prize with online gaming.
CryptoLogic officials felt just as strong stating. “Demand for our games remains strong as illustrated by this agreement with Rank Interactive, a well respected UK brand. With each new licensee, we open up a new recurring revenue stream that will improve our profitability and long term growth prospects.” Clearly these two companies will make strong waves in the online casino industry for several more years.
