Renewal Of Poker Agreement With CryptoLogic
ukbetting plc, the online sports content and gaming business, announces it has renewed its exclusive agreement with CryptoLogic Inc.'s wholly-owned subsidiary, WagerLogic Limited, to use its Online Poker solutions for its ukbetting.com and totalbet.com betting brands until 2009. WagerLogic's internet poker solution will be fully integrated into ukbetting and totalbet's back end systems and will enable customers to use a single wallet to bet on sports as well as play poker.
ukbetting expects to be able to offer customers a single wallet within the first half of 2006, following further application development, and believes this increased flexibility for customers will help maximize revenue growth. ukbetting has used WagerLogic's poker and casino software for its ukbetting.com
and totalbet.com betting brands since 2003 and has experienced strong results, especially in the high-growth poker segment.
Commenting on the renewal, Eric Semel, Chief Executive of ukbetting plc stated: "Offering a single wallet to our customers is a key part of our strategy going forward and represents an opportunity for further leveraging our existing customer base. By integrating WagerLogic's poker solution into our back end systems, we are taking the first step towards offering our customers a seamless gaming experience."
