| Industry | Business Software & Services |
|---|---|
| Founded | 1995  |
| Founder | Andrew Rivkin, Mark Rivkin |
| Headquarters | , |
Key people | Brian Hadfield |
| Parent | Amaya Inc. |
Cryptologic Limited was a Dublin, Ireland-based software application service provider (formerly Toronto, Ontario, Canada), one of the oldest established in the online gambling industry. It was acquired by the Amaya Gaming Group in 2012 and has since had its business-to-consumer division, WagerLogic, sold to a third party.
CryptoLogic was founded by brothers Andrew Rivkin and Mark Rivkin in 1995 from the basement of their parents' house. The brothers wanted to find a real life application for a secure online financial transaction system which they had developed.
Through a subsidiary company called WagerLogic, the company handles the licensing of its gaming software, support services and payment processing, ECash.
The company launched their first licensee, InterCasino, in 1996. Since that launch the company has made deals for several other online casino and online poker rooms, including one with William Hill plc, a leading bookmaker in the UK and the first land based operator to go online with a casino. A deal with Littlewoods Gaming led to the gaming software being certified in the Isle of Man in 2002 and Ritz Club certified by the Alderney Gambling Control Commission in 2004.
In January 2004, CryptoLogic Ltd. announced the licensing agreement with Betfair for the launch of an exclusive online poker game. [1]
In addition to the casino and poker products, CryptoLogic also now offers online bingo software. Their casino games can be played in a downloadable and a Java based software version.
CryptoLogic listed on the Toronto Stock Exchange (CRY) in 1998 and on the NASDAQ (CRYP) in 2000. In 2003 the company began trading on the London Stock Exchange (CRP) before achieving gaming software certification in Alderney.
Under Lewis Rose's leadership as President, Chief Executive Officer and Director from 2002 - 2007, CryptoLogic's market capitalization grew from $90 million to over $400 million.[ citation needed ]
The Playboy brand launched casino and poker products on Playboygaming.com using CryptoLogic software in early 2007. [2]
World Poker Tour Enterprises (WPTE) also joined the CryptoLogic network in 2007, offering both casino and poker products.
In April 2012, Cryptologic was acquired by the Amaya Gaming Group in a $35.8 million cash for shares takeover. [3] Amaya subsequently sold Cryptologic's business-to-consumer facing subsidiary, WagerLogic, to Goldstar Acquisitionco Inc in a transaction valued at $70 million in February 2014. [4] This sale included all of Cryptologic's consumer facing online gambling sites including InterCasino, InterPoker, and InterBingo.
Betfair is a British gambling company founded in 2000. It operates the world's largest online betting exchange. Its product offering also includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in Leeds, alongside satellite offices in Ceuta, Dublin, London, and Malta. In February 2016, Betfair merged with Paddy Power to create Flutter Entertainment.
Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certified Public Accountant representing the US Accounting Firm Joseph Eve, Certified Public Accountants, estimated that one in every four dollars gambled is gambled online.
International Game Technology (IGT) is an American gaming company based in Las Vegas which manufactured and distributed slot machines and other gambling technology. It was acquired in 2015 by GTECH, which then adopted the IGT name.
Bwin.Party Digital Entertainment was an online gambling company, formed by the March 2011 merger of PartyGaming plc and Bwin Interactive Entertainment AG. Formerly the world's largest publicly traded online gambling firm, it was best known for its online poker room PartyPoker, World Poker Tour and its sports betting brand Bwin.
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today, the market is worth around $40 billion globally each year, according to various estimates.
888 Holdings plc, formerly Virtual Holdings Limited, is an international sports betting and gambling company. It owns brands such as 888casino, 888poker, 888sport, Mr Green, and William Hill. Business operations are led from its headquarters in Gibraltar, alongside satellite offices in Bucharest, Ceuta, Leeds, London, Malta, Sofia, and Tel Aviv. It is listed on the London Stock Exchange.
Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Chartwell Technology was a gaming software developer focused largely on the online casino market. The company was based in Calgary.
Betdaq is an Irish gambling company founded in 2000. It operates the world's second largest online betting exchange. Its product offering also includes sports betting and online casino. Business operations are conducted from its headquarters in Dublin, alongside a satellite office in Gibraltar.
Boss Media AB, with its main headquarters in Växjö, Sweden, was a developer of software and systems for digitally distributed gambling entertainment. Boss Media was publicly traded on the Stockholm Stock Exchange from 1999 to 2008, when GEMed bought the company and rebranded it to GTECH Gaming.
Sportech PLC is an online gambling and entertainment company headquartered in the United Kingdom. The company is traded on the London Stock Exchange under the symbol SPO.L; the stock is a component of the Alternative Investment Market. The company, formerly known as Rodime PLC, was originally an electronics company specialising in hard disk drives based in Scotland. In 2000, the company changed its name to Sportech PLC, after acquiring Littlewoods Pools from The Littlewoods Organisation for £160 million.
Kindred Group is an online gambling operator which consists of nine brands, among them Unibet, Maria Casino and 32Red. The Group offer products such as online casino, online poker, online bingo, and sports betting. The company is registered in Malta, but also has major hub offices in Gibraltar, London, Stockholm and the US in addition to smaller satellite offices across Europe and Australia. Kindred Group is a publicly listed company on the Stockholm Stock Exchange (Nasdaq). In 2017, the company's revenue was GBP 751.4 million.
InterCasino established the first online casino in 1996 and is part of the InterCasino Group, which is owned and operated by CryptoLogic Operations Ltd, a subsidiary of Goldstar Acquisitionco Inc. Registered in Malta, it is regulated by the Lotteries & Gaming Authority of Malta.
Andrew Rivkin is a Canadian investor and entrepreneur. Rivkin is best known as the co-founder of CryptoLogic, a pioneering online casino software company, and FUN Technologies, one of the world's largest providers of casual games and fantasy sports.
Mark Rivkin is a Canadian born investor and entrepreneur. Rivkin is the co-founder of CryptoLogic Inc., which he started with his brother Andrew Rivkin in 1995. He also co-founded QT Inc. in 2004, a Toronto-based investment company which he owns and operates with Harvey Solursh.
The Stars Group Inc. was a Canadian gaming and online gambling company headquartered in Toronto, Ontario, Canada. Its shares were traded on Nasdaq and the Toronto Stock Exchange. It primarily operated poker, casino, and sports betting products under the PokerStars, Full Tilt Poker, BetStars, and Fox Bet brands.
Flutter Entertainment plc, formerly Paddy Power Betfair plc, is an international sports betting and gambling company. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet.
Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It owns brands such as bwin, Coral, Ladbrokes, PartyPoker and Sportingbet.
Legal forms of gambling in the U.S. state of Connecticut include two Indian casinos, parimutuel wagering, charitable gaming, the Connecticut Lottery, and sports betting.