CryptoLogic-developed software helps put nine players "in the money" at the World Series of Poker

CryptoLogic-developed software helps put nine players "in the
money" at the World Series of Poker
Online poker players on customer sites win over $850,000 at world's top poker
tournament



TORONTO, July 18  /PRNewswire-FirstCall/ -- Nine Internet poker players who
honed their skills using software developed by CryptoLogic, a leading software
developer for the global Internet gaming market, and licensed through its
WagerLogic subsidiary, have finished "in the money" at the elite World Series
of Poker (WSOP) championship event in Las Vegas. The nine players, who finished
in the top ten percent of all competitors, collectively won more than $850,000
- with one player, John McGrane, finishing in the top 20.

Playing 78 hours of poker in six days, McGrane placed 18th out of more than
5,600 players who started the championship tournament. Making it to the final
two tables, McGrane took home $350,000 in prize money.

McGrane qualified for the WSOP through a $40 online tournament at
williamhillpoker.com, a leading poker site that uses software developed by
CryptoLogic. 102 players won their way to the WSOP through WagerLogic
licensees' sites: interpoker.com, williamhillpoker.com, betfairpoker.com,
littlewoodspoker.com, theritzclublondon.com, ukbettingpoker.co.uk,
sunpoker.com, pokerplex.com, and classicpoker.com - winning a package worth
more than $14,000 including a seat in the championship event.

"Thanks to great players and CryptoLogic software focused on meeting the needs
of the Internet poker player, we've had an amazing run at the World Series of
Poker," said Andy Goetsch, CryptoLogic's Vice President of Poker Software
Development and a world-class player in his own right. "The WSOP is poker at
its finest. It's about the cards, but it's also about a player's skill - and to
see so many users of CryptoLogic software finish in the money is a tribute to
the Internet poker experience we deliver."

The final $10,000 buy-in no limit Texas hold'em championship event attracted a
record 5,619 entries for a prize pool exceeding $52 million. The 2005 WSOP
grand prize was $7.5 million, up from $2.5 million in 2003. Entries for the
event have increased by more than 550 per cent over the past two years - a
strong indication that poker's popularity continues to grow.

"This is the first time our licensees have sent players to the World Series of
Poker - with phenomenal results," said A.J. Slivinski, WagerLogic's Managing
Director. "It's clear that their players have what it takes, and that our
software delivers. We look forward to seeing many more players qualify through
our licensees in next year's event."

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

Focused on integrity and innovation, CryptoLogic Inc. is the world's leading,
blue-chip public developer and supplier of Internet gaming software. 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 Limited, a wholly-owned subsidiary of CryptoLogic, is
responsible for the licensing of the company's gaming software and services to
a blue-chip customer base 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: CryptoLogic, [phone], Nancy Chan-Palmateer, Director of

Communications; Argyle Rowland Communications, [phone] (media only);

Daniel Tisch, ext. 223, ; Karen Passmore, ext. 228,

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