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 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 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 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 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 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 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 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 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 (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 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