Cryptologic Limited was a

Dublin, Ireland Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 cen ...

-based software application service provider (formerly Toronto, Ontario, Canada), one of the oldest established in the online gambling industry. It was acquired by the Amaya Gaming Group in 2012 and has since had its business-to-consumer division, WagerLogic, sold to a third party.

History

CryptoLogic was founded by brothers Andrew Rivkin and

Mark Rivkin Mark Rivkin is a Canadian born investor and entrepreneur. Rivkin is the co-founder of CryptoLogic Inc., which he started with his brother Andrew Rivkin in 1995. He also co-founded QT Inc. in 2004, a Toronto-based investment company which he owns a ...

in 1995 from the basement of their parents' house. The brothers wanted to find a real life application for a secure online financial transaction system which they had developed. Through a subsidiary company called ''WagerLogic'', the company handles the licensing of its gaming software, support services and payment processing, ECash. The company launched their first licensee, InterCasino, in 1996. Since that launch the company has made deals for several other online casino and online poker rooms, including one with William Hill plc, a leading bookmaker in the UK and the first land based operator to go online with a casino. A deal with Littlewoods Gaming led to the gaming software being certified in the Isle of Man in 2002 and Ritz Club certified by the Alderney Gambling Control Commission in 2004. In January 2004, CryptoLogic Ltd. announced the licensing agreement with Betfair for the launch of an exclusive online poker game. In addition to the casino and

poker Poker is a family of comparing card games in which players wager over which hand is best according to that specific game's rules. It is played worldwide, however in some places the rules may vary. While the earliest known form of the game w ...

products, CryptoLogic also now offers online bingo software. Their casino games can be played in a downloadable and a Java based software version. CryptoLogic listed on the Toronto Stock Exchange (CRY) in 1998 and on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

(CRYP) in 2000. In 2003 the company began trading on the London Stock Exchange (CRP) before achieving gaming software certification in

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. Under Lewis Rose's leadership as President, Chief Executive Officer and Director from 2002 - 2007, CryptoLogic's market capitalization grew from $90 million to over $400 million. The Playboy brand launched casino and poker products on Playboygaming.com using CryptoLogic software in early 2007. World Poker Tour Enterprises (WPTE) also joined the CryptoLogic network in 2007, offering both casino and poker products. {{anchor, Amaya

Takeover by Amaya Gaming Group

In April 2012, Cryptologic was acquired by the Amaya Gaming Group in a $35.8 million cash for shares takeover. Amaya subsequently sold Cryptologic's business-to-consumer facing subsidiary, WagerLogic, to Goldstar Acquisitionco Inc in a transaction valued at $70 million in February 2014.Amaya Gaming: Amaya Gaming Group announces its 2014 first quarter financial results
/ref> This sale included all of Cryptologic's consumer facing online gambling sites including InterCasino, InterPoker, and InterBingo.

Notes

The Stars Group Companies formerly listed on the Toronto Stock Exchange Gambling companies of Ireland Defunct poker companies Gambling companies established in 1995 Gambling companies disestablished in 2012