Cryptologic welcomes new UK law to regulate online gaming

Cryptologic welcomes new UK law to regulate online gaming
ALL DOLLAR AMOUNTS IN US$ Symbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP 


TORONTO, April 8  /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading
software developer to the global Internet gaming market, today welcomed the
passage of the revised Gambling Act 2005 in the United Kingdom, one of the
company's premier markets. The Act received Royal Assent yesterday and will
enable the regulation of Internet gaming for the first time in the UK.

"This new law marks a key milestone for online gaming - and we welcome the
decision of the UK government to shine the light on the industry to allow it to
thrive in a regulated and licensed environment," said Lewis Rose, CryptoLogic's
President and CEO. "CryptoLogic has long advocated a regulated online gaming
market - for the protection of players and the integrity of the industry. We
applaud the UK for taking the lead in establishing world-class standards for
the safe, secure and responsible use of this form of entertainment."

Now that the Act has become law, there remains considerable work to be done to
fully define the legislation. The next step is for the new Gambling Commission
to be established. The rules and regulatory framework governing online gaming
in the UK need to be clearly developed and finalized. The first applications
are expected to be accepted in 2006, with licenses granted and the regulatory
regime in full operation by 2007.

CryptoLogic, through its licensing subsidiary WagerLogic, counts among its
customers an enviable list of major UK gaming brands, including William Hill,
Betfair, The Ritz Club London, Littlewoods Gaming and ukbetting. The company's
gaming software, senior management and directors have already passed the
world's highest regulatory tests in "tier one" jurisdictions -- and CryptoLogic
is one of the very few providers in the world to do so.

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 Limited, a wholly-owned subsidiary of CryptoLogic, is responsible
for the licensing of its gaming software and services to an internationally-
recognized 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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