CryptoLogic shares rise as industry flourishes
CryptoLogic shares rise as industry flourishes
CryptoLogic, an online gambling software provider, reports on the further rise of its shares to 825p/share. So far, the company has covered 240 countries and its software has provided more than 1 billion transactions. Analysts say these results were a reflection of the booming industry as a whole, and CryptoLogic's strong performance within it.
According to Onlinecasinonews.com, the company's branch WagerLogic, involved in the software development and supply for the casino industry, was reported to become the largest provider of the industry. Technological advancements were found to be the major factor behind the current financial results. Top achievements of WagerLogic include the launch of the service hosting multi-player games and live chat, the development of 3D capability which enabled users to virtually walk through casino sites.
The second branch, called Ecash, provides software for conducting financial transactions over the internet, which allows the usage of credit cards, cheques, money orders and wire transfers. This product also enables customers to buy and sell merchandise over the internet, distributing software and transmitting information securely all via the web.
