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| Share Name | Share Symbol | Market | Stock Type |
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| Cryptologic | CRP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 160.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 160.00 | 160.00 |
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Posted at 12/5/2009 09:32 by yesrupnel May 12, 2009US online gaming moves are anything but a sure-fire betDominic Walsh: Tempus The Bill introduced last week by Barney Frank, chairman of the US House of Representatives Financial Services Committee, has been greeted as the first step in the inevitable dismantling of the laws introduced in October 2006 banning internet gambling. It has put some impetus behind the share prices of the likes of PartyGaming, Sportingbet and 888 but investors banking on the ban being repealed quickly and the London-listed operators hitting the jackpot as licences are doled out would do well to tread cautiously. Although Mr Frank is pushing for a vote before the August break, it is by no means certain to be passed. The anti-gambling lobby in the United States is powerful and reversing the online gambling ban is unlikely to be top of the agenda for the Obama Administration, which has more pressing issues to sort out. Yet even if Mr Frank gets his Bill passed there are suggestions that he could piggyback it on an unrelated economic stimulus package Bill it could be 18 months before it becomes law and there is no certainty that overseas operators will get licences. Although the recent landmark settlement between PartyGaming and the US authorities allowed the group to avoid prosecution, its admission for the first time that, before October 2006, it targeted American citizens, resulting in the processing of transactions that were "contrary to certain US laws", is hardly calculated to qualify it for a licence on the ground of probity. Moreover, only one of the group's four founding shareholders has negotiated individual settlements and there is no sign of the other three wanting to do so. Both Sportingbet and 888 are still negotiating separate settlements, but are likely to have to make similar admissions of limited guilt to that by PartyGaming (although Sportingbet's situation is complicated by its involvement in sports betting). The Frank proposals are also a long way from a free-for-all. James Hollins, an analyst at Daniel Stewart, reckons that the Bill is designed to allow individual states and Indian tribes to implement their own licences, granting a "carve-out" to states that do not want their citizens to have internet gambling. Even if Mr Frank's Bill sails through, it is hard to envisage that the protectionism that is central to internet gambling bans all over the world will evaporate suddenly. Nevada gaming revenues have just recorded their fifteenth consecutive monthly fall and the big Las Vegas operators, such as MGM Mirage and Harrah's Entertainment, are unlikely to sit idly by as a lucrative new source of revenue is handed to overseas companies. They may choose to tap into their expertise by acquiring the likes of PartyGaming, although their dire finances look ill-equipped to lead industry consolidation. The most likely scenario is that the Las Vegas operators will rush to sign licensing deals with overseas companies to gain access to the technology and operating know-how that they lack. |
Posted at 27/3/2009 12:14 by yesrupnel City gambles on online betting mergersComments (0) There is a growing school of thought which believes that the online gaming sector is ripe for consolidation.Mergers between existing operators could lead to substantial savings, given the widespread duplication of operating and software costs. And it is also possible that gaming companies without a major online presence could be tempted into jumping into the market through acquisition. However it is unclear whether any moves will be made before any settlements with the US Department of Justice over the longstanding disputes relating to the various companies previous US activities. In a 12 page note on possible deals - concentrating on online operators targeting rivals - Evolution Securities analyst Ivor Jones said: "Long talked about, we believe the sector will start to consolidate soon. "Current trading news across the sector is, by and large, not great. The recession and increasing secular maturity are combining to deflate near-term growth expectations. The longer-term benefits of deregulation are still some way off. When merger and acquisition [activity] starts there is likely to be rush of deals by companies which don't want to be left behind and we expect share prices to rally rapidly. Investors who want to play the consolidation theme should take positions now." Evo's suggestion for the most interesting link-up is 888 taking on rival Sportingbet: "Strategically this would bring together high quality casino and sports betting businesses. We would expect revenue benefits from cross-selling each product across the combined customer base. In addition Sportingbet pays third party royalties on its casino which could be eliminated as could the, relatively minor, amounts 888 is paying for its sports book. Geographically 888 is over-dependent on the over-competitive UK and the combination would give an improved channel for 888's UK cashflow to be invested in developing markets." Next comes the possibility of PartyGaming adding Germany's Bwin : "The biggest casino and poker operator combined with the biggest sport book (and substantial poker and casino business) would create a clear leader among the listed companies. Germany is the largest single market for both companies but Party's geographic footprint is westward, UK, Canada and France where Bwin points more east and south, Greece, Spain, Italy." Another permutation could be Bwin buying 888: "Similar to our comments on 888/Sportingbet, the casino/poker business gets bigger and gets a great sports book as a driver of traffic. The combined group would be much less dependent on the struggling UK and able to apply its increased cashflow to developing markets." And then there is the suggestion of PartyGaming buying, not Bwin this time, but 888: "The cost savings and combined casino, poker revenues would be material but we would see it as a priority to add a competitive sports betting product, something both companies have so far failed to do." PartyGaming is currently 4.5p higher at 257.25p, valuing the business at just over £950m. 888 is worth around £360m at its present price of 104.75p, down 0.25p. Sportingbet has added 0.75p to 45p, giving it a market capitalisation of around £220m. |
Posted at 10/1/2006 19:21 by chelseagirl CryptoLogic has had a good start to 2006, racking up gains of 32p to today's 1170p. Although CRP is well off its high of 1950p, last seen in mid `05. Nevertheless, the shares remain ahead of our 790p inaugural feature. Renewed confidence appears to be evident amongst investors within the on-line gaming sector, which had been damaged with the float of PartyGaming, and Gaming Corporation business model called in to question, a more direct problem to CRP, was news in August `05 that Betfair was considering leaving its poker network, this wiped 24.75% off the share price at the time, on what can only be described as meagre volumes - just 34, 478. CRP, have been steadily plugging away, as today's announcement highlights nicely. CRP has extended it association with UKbetting PLC, (another Lemming Investor feature) Europe's largest online sports content network extends exclusive poker contract to 2009; casino contract to 2008. For a more in-depth feature on CRP and Blue Star visit |
Posted at 09/8/2005 14:36 by skyfella1 I think this is the cause, but I think it is well overdone IMO:Considering In-House Poker RNS Number:9038P CryptoLogic Inc. 09 August 2005 FOR IMMEDIATE RELEASE ALL DOLLAR AMOUNTS IN US$ Symbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP CRYPTOLOGIC ANNOUNCES BETFAIR IS CONSIDERING IN-HOUSE POKER STRATEGY FOR 2006 August 9, 2005 (London, UK) - CryptoLogic Inc., a leading software developer to the global Internet gaming market, announced that Betfair, one of the company's poker licensees, has advised CryptoLogic of its long term intent to bring its core products in-house eventually rather than outsourcing third-party technology. Discussions continue between the companies and no definitive decision has been made on the status of Betfair's Internet poker site. While Betfair has launched a successful, profitable site using CryptoLogic-develope its core business has been built on technology solutions designed and developed internally. Decisions consistent with this strategy could result in Betfair establishing its own poker room and the termination of its contract with WagerLogic Limited, the licensing subsidiary of CryptoLogic, in early 2006. WagerLogic's central poker room, shared by all of its poker licensees, is experiencing record growth - 180% over a year ago, well ahead of the industry. CryptoLogic's strategy would be to offset the potential departure of Betfair with continued strong growth from poker, healthy results from its core casino business, and the potential signing of new licensees. If Betfair were to leave the central poker room, it is not expected to affect CryptoLogic's 2005 results, but could have a material affect on 2006 earnings if this revenue is not replicated with growth from other existing and potential new licensees. While Internet poker is growing and accounts for 30% of CryptoLogic's Q2 2005 revenue, CryptoLogic's core business remains its casino software. This segment continues to deliver excellent performance and is the company's largest cash contributor at approximately 60% of total revenue. Once a definitive decision has been made, CryptoLogic will update shareholders and provide interim guidance as appropriate. CryptoLogic's earnings guidance for the third quarter of 2005 remains on target. WagerLogic's central poker room has consistently ranked among the top five poker rooms on the Internet. CryptoLogic's strategy of aggregating its licensees' brands, large player bases and marketing resources, into a common poker room, has translated into one of the fastest-growing poker rooms on the Internet. CryptoLogic will continue to build on this strong market position and capitalize on the growth momentum in Internet poker. About CryptoLogic (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. CryptoLogic's 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, visit 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). For more information, please contact: CryptoLogic, (416) 545-1455 Argyle RowlandCommunication (416) 968-7311 (media only) Nancy Chan-Palmateer, Director of Communications Daniel Tisch, ext. 223/ dtisch@argylerowland Karen Passmore,ext. 228/ kpassmore@argylerowl 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. This information is provided by RNS The company news service from the London Stock Exchange END MSCPKCKPNBKDFFK |
Posted at 11/5/2005 21:46 by m.t.glass Toronto: CryptoLogic Inc. climbed C$1.21, or 2.90 percent, to C$42.96. On Wednesday, the software developer said first-quarter profit jumped 27 percent and beat its forecast on record revenue.Full report at (or click advfn news link in header if showing) Fiscal 2005 first quarter highlights included: - Quarterly revenue grew 33% to $20.3 million, and earnings grew 27% over Q1 2004 to $4.8 million or $0.34 per diluted share. This exceeded analysts' average consensus of $0.30 per diluted share; - Internet poker fees derived from its WagerLogic subsidiary rose by more than 200% over Q1 2004, and accounted for over 25% of Q1 2005 revenue. Continued growth from Internet poker licensees and poker tournament software enhancements contributed to these strong results; - The central poker room shared by WagerLogic licensees now attract more than 6,000 simultaneous live online players, and is one of the world's top 5 revenue generating poker sites on the Internet; - Internet casino revenue derived from WagerLogic enjoyed healthy growth, rising 6% over Q1 2004; - Version 6 of the company's casino software was also released in Spanish, French, Italian and German, contributing to international appeal and European growth; - Geographic diversification continued to be strong with licensees' revenue from international markets growing to over 65% of total revenue, up from over 60% in 2004; - CryptoLogic's blue-chip status was reinforced in both the North American and UK markets: the company was added to the main S&P/TSX Composite Index in Canada; and expanded its shareholder base in the UK by attracting a number of prominent institutional investors; - Quarterly dividend of $0.05 per share, payable on June 15, 2005 to shareholders of record as at June 8, 2005; - Subsequent to quarter end, WagerLogic announced an exclusive, multi-year agreement for the Internet rights to the first online slot version of Bejeweled, an exceptionally popular game on the Internet; and - In April 2005, the British government enacted a law to regulate online gaming in the UK for the first time - a position that CryptoLogic has long advocated. This marks an historic first step for this major jurisdiction to establish world-class standards for the safe, secure and responsible use of this form of entertainment |
Posted at 25/4/2005 13:32 by m.t.glass Advisory - CryptoLogic to hold analyst/shareholder conference callMonday April 25, 6:00 am ET - To discuss its 2005 first quarter resultsSymbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP TORONTO, April 25 /PRNewswire-FirstCal Lewis Rose, President and CEO of CryptoLogic, cordially invites you to participate in the company's analyst/shareholder conference call to be held on May 11, 2005 at 8:30 a.m. (Toronto time). A live webcast of the call will also be available. Management will review the financial results for the 2005 first quarter and discuss recent developments, to be followed by a question and answer period. Conference Call --------------- Date: Wednesday, May 11, 2005 Time: 8:30 a.m. Toronto Time Local Dial-In Number: 416-695-5259 Toll Free North America: 1-877-888-3490 Toll Free International: (Country Code) 800-4222-8835 To participate in the call, please dial 416-695-5259, 1-877-888-3490 or 800-4222-8835 five to ten minutes prior to the 8:30 a.m. start of the teleconference. This conference call will be recorded and available for replay approximately one hour after the completion of the call, up until midnight May 18, 2005. To listen to the replay, please dial 416-695-5275 or 1-866-518-1010. A transcript of the call will also be made available on CryptoLogic's website at www.cryptologic.com under Investor Information. Webcast ------- To access the live audio webcast, please go to www.cryptologic.com and click on Investor Information, or prior to 8:30 a.m. Windows Media Player is required to listen to the webcast. If you do not have the player, a free download is available at www.microsoft.com. A rebroadcast of the webcast will be available on www.Q1234.com and www.newswire.ca/webc About CryptoLogic® (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®, visit www.wagerlogic.com. -------------------- Source: CryptoLogic Inc. |
Posted at 19/4/2005 12:44 by m.t.glass Also.. this from globeandmail.com (Toronto)INVESTOR'S EDGE On-line gambling software firm's on a hot streak, but you may want to sit out a hand By JOHN HEINZL Tuesday, April 19, 2005 Page B18 INVESTMENT REPORTER CryptoLogic Inc. is cashing in on the on-line poker craze. But with the stock already up sharply, should investors be holding or folding? Shares of CryptoLogic -- a Toronto-based provider of software to the on-line gambling industry -- have doubled in the past six months, propelled by solid quarterly results and the public's growing fascination with poker, both on the Internet and in televised tournaments such as the World Series of Poker. With more than 200 poker sites worldwide generating annual revenue of about $2-billion (U.S.), there's a growing pot of cash at stake for CryptoLogic and others vying for a piece of the action. "On-line poker is expected to be one of the primary growth drivers for CryptoLogic over the coming year," Paradigm Capital analyst Gabriel Leung said yesterday in initiating coverage of the company with a "buy" rating. Rising broadband usage, increasing confidence in Internet security and the ease of gambling on-line compared with travelling to a casino all bode well for on-line poker, he said. As well, the new U.K. Gambling Act will enable regulation of Internet gambling and "significantly boost the credibility of the . . . industry, as well as provide a regulatory blueprint for other nations" such as the United States, which lacks clear laws on on-line wagering. CryptoLogic's software brings together players from different on-line casinos such William Hill, UK Betting and Ritz Club London into a virtual poker room where they face off against each other. The company's virtual card table ranks among the top five poker sites in revenue, although it remains well back of industry leader PartyPoker.com. But with all the buzz about poker, "there's no end in sight," CryptoLogic president and chief executive officer Lewis Rose said in February, after the company announced that fourth-quarter revenue soared 33 per cent to $17.9-million and profit rose 25 per cent to $3.8-million or 27 cents a share. "CryptoLogic saw the large untapped market opportunity of on-line poker and we leveraged our reputation for innovation and strong brand named licensees to establish a very significant position," he said. "This approach has paid off in spades." Investors don't need any convincing. Yesterday, the shares gained 60 cents (Canadian) to close at $36.86 on the Toronto Stock Exchange, up 40 per cent in the past 12 months. On the Nasdaq Stock Market, they added 35 cents (U.S.) to $29.52. With the stock already having a nice run, however, one analyst is advising investors to sit out this hand. "They're one of the best vendors on the street for casino and poker software," Canaccord Capital analyst Greg Harris said of CryptoLogic. "The one thing that has happened, though, is that the Street has priced in very well the growth prospects that we see right now." Mr. Harris has a 12-month target of $29 and rates the stock a "hold." The shares could get a lift if CryptoLogic acquires one of the larger poker sites, said Mr. Leung, who has a 12-month target of $38 on the shares. Acquiring a U.S. site, in particular, would benefit CryptoLogic by complementing its existing network of largely European players, he said. Bettor returns CryptoLogic is cashing in on the on-line poker craze. But with the stock already up sharply, should investors be holding or folding. Company snapshot Headquarters: Toronto. Yesterday's close: $36.86 Change from previous: up 60¢ 52-week intraday high: $42.12 52-week intraday low: $15.75 P/E ratio, trailing: 29.84 Dividend yield: 0.67% Market cap: $483 million Price / book ratio: 5.45 1-year total return: 50.85% YTD percentage change: 22.99% Revenue, fiscal 2004: $63.7 million Profit, fiscal 2004: $13.7 million SOURCES: THOMSON DATASTREAM, BLOOMBERG FINANCIAL SERVICES |
Posted at 08/4/2005 19:04 by m.t.glass And from SchaeffersSchaeffersResearch.c Cryptologic Cryptologic (CRYP: sentiment, chart, options) is a software and services provider to the worldwide Internet gaming market. The firm is responsible for the licensing of its gaming software and services to an international customer base. In addition to a product portfolio of more than 80 casino games, multi-player bingo and player-to-player poker, CRYP offers integrated e-cash management and customer care services in multiple currencies and multiple languages. The security is currently encountering resistance at the 33 level, while it clings to round-number support at the 30 level. Furthermore, the equity is resting on support at its ascending 10-week moving average, a trendline it has not closed a week below since the start of November. Despite the equity's long-term uptrend, investors have grown quite skeptical of the shares. The stock's Schaeffer's put/call open interest ratio rests at 0.31. While that number appears to be rather small, it is actually higher than 91 percent of all those taken over the past 52 weeks. What's more, the number of CRYP shares sold short skyrocketed by 926 percent in March. However, this accumulation of bearish bets still accounts for only 1.24 percent of the stock's float and gives the security a short-interest ratio of just 0.31. Meanwhile, CRYP continues to hover below the Street's radar, as only one analyst currently following the firm. Any additional coverage could help to push the shares sharply higher. The stock's stellar uptrend combined with some lingering skepticism in its sentiment has earned CRYP a Schaeffer's Equity Scorecard ranking of 8.0 out of 10. Schaeffer's Investment Research's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. We call this Expectational Analysis. See for full report and explanation of Schaeffers approach to stock selection |
Posted at 26/2/2005 01:14 by m.t.glass The share price has doubled in the last 4 months.."..Cryptologic shares were very much in demand, up 155p at £16.25 following a positive note on the gambling software firm by house broker Bridgewell earlier in the week..." (The Guardian, Sat 26 Feb) and some other recent coverage: Analyst Julian Toley argued NETeller's market rating (16 times forward earnings) was too low for a business that is in effect a geared play on the booming online gaming market. Investors looking for another way to play the online gaming market could do worse than look at Cryptologic, a Canadian company that designs software to power online gambling sites. Until yesterday it had been difficult, if not impossible, to trade its shares in London. However, Bridgewell Securities has placed 1m shares - 7.6% of the company - with UK institutions on behalf of two pre-flotation backers. The shares rose 50p to £12.80 and should now be rather more liquid in London. (The Guardian 29 Jan 2005) 18/02/05 - CryptoLogic Inc. Placing of Shares Bridgewell is pleased to announce it has placed approximately £16m of CryptoLogic Inc. shares on behalf of founder shareholders with UK institutional investors representing approximately 9% of the issued share capital. CryptoLogic Inc., listed in Toronto, New York and London, and capitalised at approximately £180m is one of the leading global providers of software for the online casino gaming industry. This placing represented the first significant placing of stock with UK-based investors by Cryptologic and follows Bridgewell's appointment as CryptoLogic's retained broker and financial adviser in December 2004 and... Cryptologic, the online gaming software group, advanced 105p to £14.50 after full-year results smashed expectations and analysts increased their earnings forecasts. (The Guardian, Sat 19 Feb) and... CryptoLogic's revenues up 33% in fourth-quarter OnlineCasino.org | 21.02.2005 | 10:59:04 | Views: | Casino News The online gambling company CryptoLogic's revenues are up 33% in fourth-quarter. According to the National Post Cryptologic's revenues are up 33% and profit up 25%. "Cryptologic saw the large, untapped market opportunity of online poker and we leveraged our reputation for innovation and strong brand-name licensees to establish a very significant position in online poker, Lewis Rose, CryptoLogic's president and CEO, told a conference call." "The Toronto-based online gambling company, which reports its results in U.S. dollars, said it made $3.8 million, or 27 cents per share, in the three-month period ended Dec. 31. CryptoLogic (TSX:CRY) made $3 million, or 23 cents per share, in the same 2003 period." "After the announcement, shares in Cryptologic rose $3.16, or 10.2 per cent, to $34.26 on the Toronto Stock Exchange." "For all of 2004, the company made $13.7 million, or $1.01 per share. It made $9.4 million, or 75 cents per share, in 2003." "Annual revenue increased to $63.7 million from $44.2 million." Also, this from gamblingpress.com (not sure if link will remain live or move to some other story) (in which case click 'home' in the top right menu then search) |
Posted at 01/10/2004 23:06 by aleman Prospering CryptoLogic recommended to investors Date: 1/10/2004 Source: Online Casino News In Canada, the leading software developer for the online gambling industry, CryptoLogic, is being pushed forward as a strong investment opportunity following a successful year so far. The gains that the company has made in both revenue and profits in 2004, have made it a strong candidate for keen investors according to financial analysts. A Toronto based company, CryptoLogic have earned US$7 million in profit in the first half of the year. This figure translates into (US) 52 cents per share, compared to the 35 cents a share in the same period in 2003. The overall figure for the same period last year was US$4.3 million. In revenue terms, the figure has increased by 53 percent, up to US$30.1 million, with cash flow up 68 percent to US$8.4 million. The main source of revenue for the company, is in the slot games sector, where the revenue earned from existing licenses is growing, largely due to the release of 11 new slot games. Another reason for the success for the company is the development of their online poker offerings, with these products now accounting for 15 percent of the company's total revenue. Overseas expansion has played another role in the success, with revenues from overseas clients now accounting for 60 percent of their total revenue. The prosperity as a whole of the online gambling has resulted in several companies being put forward by analysts as a strong choice for investors, Cryptologic with its growth and profits achieved this year, is the latest being recommended to investors. |
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