Cryptologic Bounces Back Online casino software provider Cryptologic has announced earnings that saw the company bounce back into the black with a small quarterly profit of $500,000 — its first quarterly profit in nearly 3 years. Total revenues for the quarter were $7 million, an increase over $6 million in the same period in 2010 and expense held steady at about $6.5 million. Controlling costs has been a primary goal for the company in recent years as its revenues have slipped. Formerly based in Canada, Cryptologic was a force to be reckoned with in the early days of online gambling, [ Read More ]
Archive for September 13th, 2011
Poker Fuels Growth at 888 888 is best known for its online casino operations but its most recent quarterly results received a big boost from its poker operations, which have blossomed in 2011 as other online poker sites such as PokerStars and Full Tilt were targeted by the US government. 888 announced that for the six months of its most recent fiscal year, poker revenues are up 22% when compared to the same period in 2010, with poker the strongest performing product since 888 launched its new poker platform in 2010. Growth in its poker product accelerated in the period [ Read More ]
