CryptoLogic to Re-enter the US Market?
February 13, 2009
Posted by NewsBug in : General , add a comment
Could they be preparing to come back to the US Market?
Straight from the Press:
February 11, 2009 (CAP Newswire) — CasinoGamingStock.com, the website devoted to reporting casino gaming stock news, is reporting that CryptoLogic’s ongoing company-wide reorganization, as we’ve been reporting at the CAP News page, has been paying off for the Dublin-based software provider.
“Since beginning a reorganization of the company this past fall, signs have been good for CryptoLogic’s present, and the future also looks bright for the casino software developer,” reports the website. “By reassigning personnel, combining divisions, and dropping its effort to run a standalone poker network, CryptoLogic has moved to save $13 million this year in operating costs.
“CryptoLogic has returned to a business plan dedicated to its Internet gaming affairs already in operation,” the article continued.
This profitable reorganization has not been completely painless, however. The article goes on to note that the company has eliminated some high-profile positions in order to become more financially viable. Those positions include its Chief Technology Officer (Michael Starzynski).
The article concludes with some intriguing speculation: “CryptoLogic has been viewed by many as making preparatory steps for a return to the U.S. market. If U.S. gambling laws were to change, software companies that didn’t resist the UIGEA compulsion to deny U.S. residents at online casinos may have favored status.”
Will this lead to others returning? Guess we will see.
Affiliate Series of Poker Winner
February 8, 2009
Posted by NewsBug in : General , add a comment
Andr’ Boeck took the $6000 prize and the winner’s Bracelet in the ASOP Tournament at the London CAP Conference.
IRVINE, CA – February 6, 2009 - Company officials for CasinoAffiliatePrograms.com (CAP), the world’s largest and longest-running affiliate marketing directory for the online gaming industry, are officially extending congratulations to Andr’ Boeck, the winner of the latest round of the Affiliate Series of Poker (ASOP).
Mr. Boeck is the affiliate marketing professional who walked away with the tournament’s $6,000 prize, beating out more than 60 other players to win. He also took home the prestigious ASOP white, gold, and diamond bracelet – a coveted trophy among iGaming affiliate marketers.
The Affiliate Series of Poker is a poker tournament held at every CAP event, in which the affiliate marketers attending are inviting to participate in a poker game.
Like the CAP Euro London conference at which it was held, this year’s ASOP was reported to be the biggest ever, with 64 players all taking a shot at the big prize, and more than 500 attempting to qualify. Affiliate Club and Everest Affiliates sponsored the tournament, which was a Texas Hold’em freeze out. According to company officials, the turnout was so great that crowds of onlookers watched the action.
Mr. Boeck’s win was a testament to his tenacity, having played at a number of ASOPs in the past, including last year’s tournaments at CAP Spring Break in Cyprus and CAP Euro Barcelona.
“Every year, CAP London is the most important affiliate convention for me, and the ASOP tournament is a welcome relief after all the appointments,” Boeck said. “The last three times, my tournament results got better and better, and this time I finally managed to win the tournament! I hope that tournament series continues for a long time.”
“Our warmest congratulations are extended to Andr’, who played like a champ,” commented Mr. Fabiano, CAP’s founder and president. “Year in and year out, the ASOP continues to be the among the most exciting parts of CAP events, and this was no exception. Thanks to everyone who played, and those who didn’t qualify-better luck next time!
“I can’t wait to play again at CAP Spring Break in Cancun next month,” Mr. Fabiano added.
Congratulations to you Mr. Boeck!!! And we wish you the best of luck in the spring.
