CryptoLogic, Rank sign new games tie
CryptoLogic has signed a deal with Rank Interactive to provide it with a suite of new games, CryptoLogic's second big games deal in days
CRYPTOLOGIC HAS SIGNED a deal with Rank Interactive to provide it with a suite of new games.
CryptoLogic will provide at least 10 of its most branded and unbranded slot games for inclusion on Rank Interactive’s websites, including BlueSq.com, Meccabingo.com, and GCasino.com.
Two games are already live, with more scheduled throughout the fourth quarter and the first half of 2010.
The games are being deployed through platform solutions provider Orbis Technology, and will provide CryptoLogic with recurring revenue based on wagers placed by Rank Interactive’s customers.
The deal takes the total number of CryptoLogic licensees to 28, and follows a similar deal between CryptoLogic and Virgin Games last week, under which Rank will supply Virgin with a suite of 10 games.
CryptoLogic vice president Justin Thouin said: “demand for our games remains strong as illustrated by this agreement with Rank Interactive. With each new licensee, we open up a new recurring revenue stream that will improve our profitability and long term growth prospects.”
Rank Interactive gaming director Angus Nisbet (pictured) said: “At Rank Interactive we have been looking to build on our success and expand our increasingly popular games offering.”
CryptoLogic subsidiary WagerLogic is responsible for the licensing of its gaming software and services to blue-chip customers that offer their games to non-US based players around the world.
As reported on EGRmagazine.com, Rank fell 16 places in this year’s Power 50 ranking of leading operators.