Cryptologic has reported growth in Quarter 1, 2011 from Quarter 4 in 2010. The results include the following:

  • Total revenue grew 9% to $6 million (from $5.5 million in Quarter 4, 2010)
  • Hosted casino revenue grew to $5.2 million (from $4.9 million in Quarter 4, 2010)
  • Branded games revenue increased to $1.5 million (from $1.4 million in Quarter 4, 2010)
  • Total expenses were up to $6.5 million (from $6.1 million in Quarter 4, 2010)
  • Loss decreased to $0.6 million (from $0.9 million in Quarter 4, 2010)
  • Net cash increased to $14.5 million (from $10.6 million in Quarter 4, 2010)

The positive results for Cryptologic are due to the company being involved in a major restructure by senior management in late 2010. This was done in order to stabilize and secure the business.

Branded games revenue increased due to there being 9 new branded games being released in Quarter 1, 2011. The number of games grew from 170 to 179 and future revenues should increase further as a result.

To read a in-depth review of Cryptologic, where you can find out about the history of the company, about the company, the games they offer and the casinos they power, click here.

The main casino to use Cryptologic software is InterCasino – to read an independent and detailed review of InterCasino, click here now.

 

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