Online casino pro Cryptologic has agreed to license at least five of their casino games to BetClic.

The agreement will be beneficial to both parties, and Cryptologic will earn revenues based on wagers placed on the games. Following the announcement, the online casino pro shares jumped considerably.

Online Casino Pro Cryptologic Innovative Betting Games

CryptoLogic Limited, an international developer of online casino games and software, just signed a multi-year agreement to license five or more of its best casino games to BetClic, a major European internet sportsbook.

This agreement covers a few of online casino pro CryptoLogic’s best online slot games, which will soon be featured on BetClic’s Games website. The games will be integrated with the help of Gaming Technology Solutions plc, CryptoLogic’s technology platform provider.

President and CEO of CryptoLogic Brian Hadfield said, “The popularity and demand for our industry-leading games remains strong as evidenced by this latest agreement with BetClic, a fast growing European operator. As each new licensee launches our games, we add a new and recurring revenue stream to our business while providing enhanced value and user experience for our partners’ customers.”

Nicolas Beraud, CEO of BetClic, announced, “We are excited about the prospect of adding quality branded content to our current portfolio. CryptoLogic games are instantly recognisable and are developed to the highest industry standards. This partnership further enhances our commitment to offering the best gaming experience to our diverse customer base.”

Online casino pro Cryptologic on sports betting

Cryptologic, a Dublin-based company specializing in online gaming software, is about to sign a deal with Betclic, global online sportsbook operator, and will soon be launching a series of new games in partnership with DC Comics and Paramount Digital Entertainment.

They expected to announce this week that the Malta-based online sports betting company Betclic will soon offer Cryptologic games on the casino portion of their website.

Betclic is primarily focused on sports betting, especially football. The group has businesses in 15 countries and caters to around 1.5 million customers. Betclic is working to develop its casino and poker casino offerings, which have become a standard part of online gambling sites.

Cryptologic has partnerships with DC Comics and Paramount Digital Entertainment (a parent company of Paramount Pictures), and develops games using characters owned by these groups, including Superman and Braveheart.

TechMARK movers: CryptoLogic signs BetClic deal

Shares in online gambling software and games developer CryptoLogic soared after an announcement that they have signed a licensing deal with BetClic, a major European online sportsbook. Betclic will license at least five games from CryptoLogic. This deal will provide recurring revenues for online casino pro CryptoLogic because income is to be based on all wagers placed on the games.

CryptoLogic reported a significant decline in revenues from $50.2m to $29.9m in the nine months prior to September 2009. The loss more than doubled, jumping from $6.48m to $13.5m. The decline was blamed on licensees acting too slowly in launching new games.

CryptoLogic shares are traded on the TSX, Main Market, and Nasdaq. The current online casino pro is half what it was in the middle of September.

Online casino pro Cryptologic has agreed to license at least five of their casino games to BetClic.

The agreement will be beneficial to both parties, and Cryptologic will earn revenues based on wagers placed on the games. Following the announcement, the online casino pro shares jumped considerably.

Online Casino Pro Cryptologic Innovative Betting Games

CryptoLogic Limited, an international developer of online casino games and software, just signed a multi-year agreement to license five or more of its best casino games to BetClic, a major European internet sportsbook.

This agreement covers a few of online casino pro CryptoLogic’s best online slot games, which will soon be featured on BetClic’s Games website. The games will be integrated with the help of Gaming Technology Solutions plc, CryptoLogic’s technology platform provider.

President and CEO of CryptoLogic Brian Hadfield said, “The popularity and demand for our industry-leading games remains strong as evidenced by this latest agreement with BetClic, a fast growing European operator. As each new licensee launches our games, we add a new and recurring revenue stream to our business while providing enhanced value and user experience for our partners’ customers.”

Nicolas Beraud, CEO of BetClic, announced, “We are excited about the prospect of adding quality branded content to our current portfolio. CryptoLogic games are instantly recognisable and are developed to the highest industry standards. This partnership further enhances our commitment to offering the best gaming experience to our diverse customer base.”

Online casino pro Cryptologic on sports betting

Cryptologic, a Dublin-based company specializing in online gaming software, is about to sign a deal with Betclic, global online sportsbook operator, and will soon be launching a series of new games in partnership with DC Comics and Paramount Digital Entertainment.

They expected to announce this week that the Malta-based online sports betting company Betclic will soon offer Cryptologic games on the casino portion of their website.

Betclic is primarily focused on sports betting, especially football. The group has businesses in 15 countries and caters to around 1.5 million customers. Betclic is working to develop its casino and poker casino offerings, which have become a standard part of online gambling sites.

Cryptologic has partnerships with DC Comics and Paramount Digital Entertainment (a parent company of Paramount Pictures), and develops games using characters owned by these groups, including Superman and Braveheart.

TechMARK movers: CryptoLogic signs BetClic deal

Shares in online gambling software and games developer CryptoLogic soared after an announcement that they have signed a licensing deal with BetClic, a major European online sportsbook. Betclic will license at least five games from CryptoLogic. This deal will provide recurring revenues for online casino pro CryptoLogic because income is to be based on all wagers placed on the games.

CryptoLogic reported a significant decline in revenues from $50.2m to $29.9m in the nine months prior to September 2009. The loss more than doubled, jumping from $6.48m to $13.5m. The decline was blamed on licensees acting too slowly in launching new games.

CryptoLogic shares are traded on the TSX, Main Market, and Nasdaq. The current online casino pro is half what it was in the middle of September.

Joseph LaForte, a 39 year old New Yorker, admitted to the US Disctrict Court last week that in 2005 and 2006 he played a role in an illegal online sports bettingoperation.

LaForte directed players to an internet sportsbook hosted offshore, supplying them with user names and passwords for online sports betting. The website gave LaForte a share of the profits. LaForte now faces a possible prison sentence.New York Man Admits Role in Sports Betting Ring

A man from New York admitted last week that he helped to run an illegal online sports betting website that offered services in several US states, including New Jersey.

Joseph W. LaForte admitted to the crime in U.S. District Court in Trenton last Wednesday.

LaForte, 39, pleaded guilty to conspiracy to operate an illegal online sports betting business. LaForte is already serving time in New York on separate charges, and now faces a sentence of up top five years in prison along with a $250,000 fine. He will be sentenced April 6th.

Online sports betting

LaForte’s admission said that between 2005 and 2006, he and several others helped punters to place wagers through an online sportsbook hosted outside the United States, then shared in the profits from the sports betting business.

NY man admits role in sports betting ring

A man from Staten Island, New York, recently pleaded guilty to setting a former employee’s Mercedes-Benz on fire in 2004 out of revenge.

James LaForte Jr., 32, also admitted last Wednesday to offering high-interest loans, then using threats and violence to collect on them. Loan sharking carries a maximum sentence of 20 years in prison and a $250,000 fine.

Additionally, LaForte’s brother Joseph W. LaForte admitted to a federal court that he had participated in an illegal online sports gambling business in New Jersey, New York, Florida and elsewhere. Joseph LaForte, 39, is currently serving a sentence in New York state prison on unrelated charges.  He admitted to conspiring with others in 2005 and 2006 to helping bettors to place wagers at a foreign internet gambling site. They provided punters with user names and passwords so they could wager on online sports betting, LaForte admitted. He faces up to five years in prison and a $250,000 fine; sentencing is set for April 6.

Breaking Local News from Staten Island, NY: Staten Island man admits role in sports betting ring

Joseph W. LaForte, a Staten Island native who most recently lived in Huguenot, admitted on Wednesday that he helped operate an illegal online sports betting ring in New Jersey.

Joseph W. LaForte made this admission Wednesday at the U.S. District Court in Trenton.

Thirty-nine year old LaForte pleaded guilty to charges he was accused of, including conspiracy to operate an unlawful online sports betting business. LaForte, currently serving a prison term in New York on unrelated charges, faces up to five years and a fine of $250,000 when he is sentenced on the 6th of April.

In his admission, LaForte revealed that in 2005 and early 2006, he and his associates directed bettors to a particular online sports betting website located outside the United States. LaForte shared in the profits from the online business.

Joseph LaForte, a 39 year old New Yorker, admitted to the US Disctrict Court last week that in 2005 and 2006 he played a role in an illegal online sports bettingoperation.

LaForte directed players to an internet sportsbook hosted offshore, supplying them with user names and passwords for online sports betting. The website gave LaForte a share of the profits. LaForte now faces a possible prison sentence.New York Man Admits Role in Sports Betting Ring

A man from New York admitted last week that he helped to run an illegal online sports betting website that offered services in several US states, including New Jersey.

Joseph W. LaForte admitted to the crime in U.S. District Court in Trenton last Wednesday.

LaForte, 39, pleaded guilty to conspiracy to operate an illegal online sports betting business. LaForte is already serving time in New York on separate charges, and now faces a sentence of up top five years in prison along with a $250,000 fine. He will be sentenced April 6th.

Online sports betting

LaForte’s admission said that between 2005 and 2006, he and several others helped punters to place wagers through an online sportsbook hosted outside the United States, then shared in the profits from the sports betting business.

NY man admits role in sports betting ring

A man from Staten Island, New York, recently pleaded guilty to setting a former employee’s Mercedes-Benz on fire in 2004 out of revenge.

James LaForte Jr., 32, also admitted last Wednesday to offering high-interest loans, then using threats and violence to collect on them. Loan sharking carries a maximum sentence of 20 years in prison and a $250,000 fine.

Additionally, LaForte’s brother Joseph W. LaForte admitted to a federal court that he had participated in an illegal online sports gambling business in New Jersey, New York, Florida and elsewhere. Joseph LaForte, 39, is currently serving a sentence in New York state prison on unrelated charges.  He admitted to conspiring with others in 2005 and 2006 to helping bettors to place wagers at a foreign internet gambling site. They provided punters with user names and passwords so they could wager on online sports betting, LaForte admitted. He faces up to five years in prison and a $250,000 fine; sentencing is set for April 6.

Breaking Local News from Staten Island, NY: Staten Island man admits role in sports betting ring

Joseph W. LaForte, a Staten Island native who most recently lived in Huguenot, admitted on Wednesday that he helped operate an illegal online sports betting ring in New Jersey.

Joseph W. LaForte made this admission Wednesday at the U.S. District Court in Trenton.

Thirty-nine year old LaForte pleaded guilty to charges he was accused of, including conspiracy to operate an unlawful online sports betting business. LaForte, currently serving a prison term in New York on unrelated charges, faces up to five years and a fine of $250,000 when he is sentenced on the 6th of April.

In his admission, LaForte revealed that in 2005 and early 2006, he and his associates directed bettors to a particular online sports betting website located outside the United States. LaForte shared in the profits from the online business.