CryptoLogic Inc
Encyclopedia
Cryptologic Limited is a Dublin, Ireland-based software application service provider (formerly Toronto, Canada), one of the five largest in the industry along with Boss Media
Boss Media
Boss Media AB with its main headquarters in Växjö, Sweden, is a developer of software and systems for digitally distributed gaming entertainment. Boss Media was publicly traded on the Stockholm Stock Exchange from 1999 to 2008, when GEMed bought the company...

, Microgaming
Microgaming
Microgaming Software Systems Ltd is a privately held Isle of Man based software development company which claims to have released the first genuine online casino in 1994. The company is one of the leading software providers to the online gambling industry, with just under 100 casinos listed on its...

, Playtech
Playtech
Playtech Ltd. is a gaming 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.-Playtech gaming software and...

, and Real Time Gaming.

CryptoLogic was founded by brothers Andrew Rivkin
Andrew Rivkin
Andrew Rivkin is a Canadian investor and businessman. Rivkin is best known as a co-founder of CryptoLogic, a pioneering online casino software company, and FUN Technologies, the world's largest provider of online casual games and fantasy sports.Rivkin was born and raised in Toronto...

 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
InterCasino
InterCasino is an online gambling casino which was founded in 1996 and is registered in Malta. InterCasino is owned and operated by Online Interactive Gaming Entertainment and uses the Cryptologic online gambling software. InterCasino operates under licenses issued and regulated by the Lotteries &...

, in 1996. Since that launch the company has made deals for several other online casino
Online casino
Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional casinos. Online casinos enable gamblers to play and wager on casino games through the Internet....

 and online poker
Online poker
Online poker is the game of poker played over the Internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide...

 rooms, including one with William Hill plc, a leading bookmaker
Bookmaker
A bookmaker, or bookie, is an organization or a person that takes bets on sporting and other events at agreed upon odds.- Range of events :...

 in the UK and the first land based operator to go online with a casino
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...

. A deal with Littlewoods Gaming
Littlewoods
Littlewoods is the name of a former retail and gambling company founded in Liverpool, Merseyside, England by John Moores in 1923.It started as a shopping catalogue company, processing orders by post in the early 1970s. In 1981, it expanded to a call centre, processing orders via telephone. At its...

 led to the gaming software being certified in the Isle of Man
Isle of Man
The Isle of Man , otherwise known simply as Mann , is a self-governing British Crown Dependency, located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is...

 in 2002 and Ritz Club certified by the Alderney Gambling Control Commission
Alderney Gambling Control Commission
Alderney Gambling Control Commission was established in May 2000. The Commission is independent and non political, and regulates eGambling on behalf of the States of Alderney. The Commission ensures that its regulatory and supervisory approach meets the very highest of international standards...

 in 2004.

In addition to the casino and poker
Poker
Poker is a family of card games that share betting rules and usually hand rankings. Poker games differ in how the cards are dealt, how hands may be formed, whether the high or low hand wins the pot in a showdown , limits on bet sizes, and how many rounds of betting are allowed.In most modern poker...

 products, CryptoLogic also now offers online bingo
Online bingo
Online bingo is the game of bingo played on the Internet. It is estimated that the global gross gaming yield of bingo was US$500 million in 2006, and it is forecasted to grow to $1,000 million by 2010....

 software. Their casino games can be played in a downloadable and a Java based software version.

CryptoLogic listed on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...

 (CRY) in 1998 and on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

 (CRYP) in 2000. In 2003 the company began trading on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 (CRP) before achieving gaming software certification in Alderney
Alderney
Alderney is the most northerly of the Channel Islands. It is part of the Bailiwick of Guernsey, a British Crown dependency. It is long and wide. The area is , making it the third-largest island of the Channel Islands, and the second largest in the Bailiwick...

.

Under Lewis Rose
Lewis Rose
Lewis Rose is a Canadian businessman born in South Africa. He is the Partner at Farber Financial Group, responsible for the Turnaround and Crisis Management Practice...

's leadership as President, Chief Executive Officer and Director from 2002 - 2007, CryptoLogic's market capitalization grew from $90 million to over $400 million, during which time the company became regulated, listed its shares on the London Stock Exchange, signed a number of leading global branded customers such as Betfair and the Ritz Club London, opened an office in Singapore to service South East Asia and won top industry awards for its innovative branded software and its 24x7 global customer support centre in Cyprus.

The Playboy
Playboy
Playboy is an American men's magazine that features photographs of nude women as well as journalism and fiction. It was founded in Chicago in 1953 by Hugh Hefner and his associates, and funded in part by a $1,000 loan from Hefner's mother. The magazine has grown into Playboy Enterprises, Inc., with...

 brand launched casino and poker products on Playboygaming.com using CryptoLogic software in early 2007.

World Poker Tour
World Poker Tour
The World Poker Tour is a series of international poker tournaments and associated television series broadcasting the final table of each tournament. It was started in the United States by attorney/television producer Steven Lipscomb, who served as CEO of WPT Enterprises , the firm that...

Enterprises (WPTE) also joined the CryptoLogic network in 2007, offering both casino and poker products.
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