CryptoLogic declares quarterly dividend

CryptoLogic declares quarterly dividend
Symbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP 


TORONTO, May 9  /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading software
developer to the global Internet gaming market, announced today that its Board
of Directors has declared the company's quarterly dividend of US$0.05 per
common share. The dividend will be paid on June 15, 2005 to shareholders of
record as at June 8, 2005.

About CryptoLogic(R) (http://www.cryptologic.com/)

Focused on integrity and innovation, CryptoLogic Inc. is the world's largest
public online gaming software developer and supplier. Its leadership in
regulatory compliance makes it one of the very few companies with gaming
software that is certified to strict standards similar to land-based gaming.
WagerLogic Ltd., a wholly-owned subsidiary of CryptoLogic, is responsible for
the licensing of its gaming software and services to customers worldwide. For
information on WagerLogic(R), visit http://www.wagerlogic.com/.

CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY),
on the Nasdaq National Market (symbol: CRYP), and on the Main Market of the
London Stock Exchange (symbol: CRP).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this press release which are not historical are forward- looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including, without
limitation, risks associated with the Company's financial condition and
prospects, legal risks associated with Internet gaming and risks of
governmental legislation and regulation, risks associated with market
acceptance and technological changes, risks associated with dependence on
licensees and key licensees, risks relating to international operations, risks
associated with competition and other risks detailed in the Company's filings
with securities regulatory authorities. These risks may cause results to differ
materially from those projected in the forward-looking statements. 

DATASOURCE: CryptoLogic Inc.



CONTACT: please contact: At CryptoLogic, [phone],

Nancy Chan-Palmateer, Director of Communications; At Argyle Rowland,

[phone] (Media), Daniel Tisch, ext. 223, ;

Karen Passmore, ext. 227, 

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