ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CRP Cryptologic

160.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cryptologic LSE:CRP London Ordinary Share GG00B1W7FC20 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 160.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 160.00 GBX

Cryptologic (CRP) Latest News

Real-Time news about Cryptologic (London Stock Exchange): 0 recent articles

Cryptologic (CRP) Discussions and Chat

Cryptologic Forums and Chat

Date Time Title Posts
07/11/201118:48Cryptologic -the best bet for the internet196
26/5/200522:09Cryptologic - Views10
17/2/200418:17Positive legislative changes in the US-

Add a New Thread

Cryptologic (CRP) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Cryptologic (CRP) Top Chat Posts

Top Posts
Posted at 12/5/2009 08:32 by yesrupnel
May 12, 2009

US 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behind the share prices of the likes of PartyGaming, Sportingbet and 888 – but investors banking on the ban being repealed quickly and the London-listed operators hitting the jackpot as licences are doled out would do well to tread cautiously.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 27/3/2009 12:10 by yesrupnel
Hi all
I recently bought a small stake in CRP (UK) and hoping that the company might be taken over as a ready functioning s/w company (albeit with a rocky recent history).

Can any of you shed any light on the difference on buying the CRP (that is the UK listed shares) or the CRYP on the NASDAQ. Would I be beeter in topping up in UK or USA shares?

Many thanks
Posted at 01/4/2008 08:24 by britishbear
Some coverage of the recent Marjong deal:



Not a lot of interest in this share I note. A pity as it has the potential to be a good solid earner with considerable upside.
Posted at 18/1/2006 09:13 by nurdin
Anyone have brokers forecasts for CRP please? Do they have a UK broker?
Posted at 12/1/2006 11:41 by grippa
CRP looking much healthier now...can we get back up to the previous highs?
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 12/9/2005 10:59 by wiganer
Went long today. Share price seems to have bottomed out, and management seem to be recognising the need to turn things a bit. Have 1500p as a medium-term target.
Posted at 09/8/2005 13:36 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-developed software, Betfair's long term strategy and practices in
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 RowlandCommunications,
(416) 968-7311 (media only)

Nancy Chan-Palmateer, Director of Communications Daniel Tisch, ext. 223/
dtisch@argylerowland.com
Karen Passmore,ext. 228/
kpassmore@argylerowland.com

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 08/8/2005 15:02 by brownie69
Anyone any theories behind todays share price fall. Making this look cheap after recent decent results to me, but would like to understand background to this fall first.
Cryptologic share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock