Cryptologic Limited was a

Dublin, Ireland Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

-based software

application service provider An application service provider (ASP) is a business providing application software generally through the. ASPs that specialize in a particular application (such as a medical billing program) may be referred to as providing software as a service. ...

(formerly

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

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

online gambling Online gambling (also known as iGaming or iGambling) 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 th ...

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 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 (American English) or licence ( Commonwealth English) 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 par ...

of its gaming software, support services and payment processing, ECash. 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 ...

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. Business operations are led from its headquarters in London, with a satellite office in Malt ...

, a leading

bookmaker A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays out bets on sporting and other events at agreed-upon odds In probability theory, odds provide a measure of the probability of a particular outco ...

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

casino A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, conce ...

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

Isle of Man The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Govern ...

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 founded in 2000. Its product offering includes betting exchange, sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London, alongsi ...

for the launch of an exclusive online poker game. In addition to the casino and

poker Poker is a family of Card game#Comparing games, comparing card games in which Card player, players betting (poker), wager over which poker hand, hand is best according to that specific game's rules. It is played worldwide, with varying rules i ...

products, CryptoLogic also now offers

online bingo Online bingo is the game of bingo (either the US or UK variant) played on the Internet. Sites offering the game launched around 1996, and the global gross gaming yield outside of the United States was estimated at US$500 million in 2006, foreca ...

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 systems. This contrasts with uploading, where data is ''sent to'' a remote s ...

and a

Java Java is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea (a part of Pacific Ocean) to the north. With a population of 156.9 million people (including Madura) in mid 2024, proje ...

based software version. CryptoLogic listed on the

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

(CRY) in 1998 and on the

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

(CRYP) in 2000. In 2003 the company began trading on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

(CRP) before achieving gaming software certification in

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

. 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'' (stylized in all caps) is an American men's Lifestyle journalism, lifestyle and entertainment magazine, available both online and in print. It was founded in Chicago in 1953 by Hugh Hefner and his associates, funded in part by a $ ...

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 ...

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