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 An application service provider (ASP) is a business providing application software generally through the Web. The ASP model The application software resides on the vendor's system and is accessed by users through a communication protocol. Altern ...

(formerly

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

, Ontario, Canada), one of the oldest established in the

online gambling Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in ...

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 Andrew Rivkin (born May 31, 1969) is a Canadian investor and entrepreneur. Rivkin is best known as the co-founder of CryptoLogic, a pioneering online casino software company, and FUN Technologies, one of the world's largest providers of casual ga ...

and Mark Rivkin 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 A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreeme ...

of its gaming software, support services and payment processing,

ECash Ecash was conceived by David Chaum as an anonymous cryptographic electronic money or electronic cash system in 1983. It was realized through his corporation Digicash and used as micropayment system at one US bank from 1995 to 1998. Design Chaum pub ...

. The company launched their first licensee,

InterCasino InterCasino established the first online casino in 1996"About us"
. InterCasino. Retrieved 18 March 2013. ...

, in 1996. Since that launch the company has made deals for several other

online casino Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. It is a prolific form of o ...

and

online poker Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 t ...

rooms, including one with

William Hill plc William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK and International. UK operations are conduct ...

, a leading

bookmaker A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookma ...

in the UK and the first land based operator to go online with a

casino A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertai ...

. A deal with Littlewoods Gaming led to the gaming software being certified in the

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in 2002 and Ritz Club certified by the

Alderney Gambling Control Commission Alderney Gambling Control Commission (AGCC) was established in May 2000. The Commission is independent and non political, and regulates eGambling on behalf of the States of Alderney. The Commission ensures that its regulatory and supervisory appro ...

in 2004. In January 2004, CryptoLogic Ltd. announced the licensing agreement with

Betfair Betfair is a British Gambling, gambling company which operates the world's largest online betting exchange. Its product offering also includes sports betting, online casino, online poker, and online bingo. Founded in 2000, the business is split ...

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 Online bingo is the game of bingo ( US, UK) played on the Internet and its estimated launch was in 1996. It is estimated that the global gross gaming yield of bingo (excluding the United States) was US$500 million in 2006, and it is forecasted to ...

software. Their casino games can be played in a

downloadable In computer networks, download means to ''receive'' data from a remote system, typically a server such as a web server, an FTP server, an email server, or other similar system. This contrasts with uploading, where data is ''sent to'' a remote s ...

and a

Java Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's List ...

based software version. CryptoLogic listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...

(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 London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

(CRP) before achieving gaming software certification in

Alderney Alderney (; french: Aurigny ; Auregnais: ) is the northernmost of the inhabited Channel Islands. It is part of the Bailiwick of Guernsey, a British Crown dependency. It is long and wide. The island's area is , making it the third-largest ...

. 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 ''Playboy'' is an American men's lifestyle and entertainment magazine, formerly in print and currently online. It was founded in Chicago in 1953, by Hugh Hefner and his associates, and funded in part by a $1,000 loan from Hefner's mother. K ...

brand launched casino and poker products on Playboygaming.com using CryptoLogic software in early 2007.

World Poker Tour The World Poker Tour (WPT) is an internationally televised gaming and entertainment brand. Since 2002, the World Poker Tour has operated a series of international poker tournaments and associated television series broadcasting playdown and the fi ...

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 The Stars Group Inc. (formerly known as Amaya Inc., Amaya Gaming Group Inc. and Rational Group) was a Canadian gaming and online gambling company headquartered in Toronto, Ontario, Canada. Its shares were traded on Nasdaq and the Toronto Stock Ex ...

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 InterCasino established the first online casino in 1996"About us"
. InterCasino. Retrieved 18 March 2013. ...

, 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