World Series of Poker leader honed skills using CryptoLogic-developed software

World Series of Poker leader honed skills using
CryptoLogic-developed software
Norway's Haakon Waerstad is an online poker player at Betfair.com



LAS VEGAS, NV, July 11  /PRNewswire-FirstCall/ -- Going into Monday's action,
the leader at the World Series of Poker (WSOP) - the game's premier event - was
an Internet poker player who honed his skills using software developed by
CryptoLogic, a leading software developer for the global Internet gaming
market.

Haakon Waerstad of Oslo, Norway, was the chip leader going into today's action
in Las Vegas. Waerstad had an impressive chip count of $169,200, a lead of
almost $13,000 over his closest competitor. He led an impressive list that
includes a record number of Internet poker players competing at this year's
WSOP.

Waerstad qualified for the tournament through Betfair.com, a leading poker site
that uses software developed by CryptoLogic and licensed by WagerLogic, the
company's software licensing subsidiary. Of the 102 players who qualified
online at WagerLogic licensees' sites, 35 were still in the tournament this
morning.

"For an Internet poker player, leading the World Series of Poker is the dream
of a lifetime," said Andy Goetsch, CryptoLogic's Vice President of Poker
Software Development, himself a world-class player. "For CryptoLogic, this is
an exciting validation of our investment in our Internet poker software.
Whether it's playing for fun or playing for real, players like Haakon Waerstad
know that CryptoLogic software delivers the game you want, when you want it."

Betfair launched its Internet poker site in 2004, following an agreement with
WagerLogic. Since then, Betfair has become one of the world's most popular
Internet poker sites.

"At the World Series of Poker, you need the right cards, but you also need the
right experience," said A.J. Slivinski, WagerLogic's Managing Director. "It's
clear that our software enables customers like Betfair to offer both the
entertainment and the experience that turns Internet poker players into some of
the best competitors in the world."

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

Focused on integrity and innovation, CryptoLogic Inc. is the world's leading
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,

Copyright