Mark Rivkin is a Canadian born

investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some specie ...

and

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

. Rivkin is the co-founder of

CryptoLogic Cryptologic Limited was a Dublin, Ireland-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 sin ...

Inc., which he started with his brother

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 g ...

in 1995. He also co-founded QT Inc. in 2004, a

Toronto Toronto ( ; or ) is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the List of the largest municipalities in Canada by population, most pop ...

-based investment company which he owns and operates with Harvey Solursh.

About

Rivkin attended the

University of Western Ontario The University of Western Ontario (UWO), also known as Western University or Western, is a public research university in London, Ontario, Canada. The main campus is located on of land, surrounded by residential neighbourhoods and the Thames Ri ...

before graduating in 1993. While there, he founded Campus Notes, a lecture note service used at the

University of Toronto The University of Toronto (UToronto or U of T) is a public research university in Toronto, Ontario, Canada, located on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institu ...

and the

. After graduating, he started CryptoLogic Inc. with his brother Andrew. In 2003, Mark and Andrew left the company to explore new ventures. In 2005, he joined Groove Media Inc. as chairman, a company best known for its retail publishing activities through the Groove Games label. In 2004, Mark Rivkin co-founded QT Inc. He is a principal of the company along with Harvey Solursh.

CryptoLogic

Rivkin co-founded

in February 1995 with his brother,

, as young graduates still living in their parents' basement. They started the project, using their own software, as a general Internet security software company. Despite

's earlier purpose, Andrew and Mark soon started to focus on online gambling, which had become a growth industry since

Antigua and Barbuda Antigua and Barbuda (, ) is a sovereign country in the West Indies. It lies at the juncture of the Caribbean Sea and the Atlantic Ocean in the Leeward Islands part of the Lesser Antilles, at 17°N latitude. The country consists of two ...

became the first country to legalize the practice in 1994. In 1996, after the brothers raised C$500,000 in venture capital, they gained their first licensee in InterCasino. InterCasino, the world's first real wager Internet casino, went online using

software. By 1998,

was considered a major player in the emerging online casino industry, with its software used by online casinos in

Curaçao Curaçao ( ; ; pap, Kòrsou, ), officially the Country of Curaçao ( nl, Land Curaçao; pap, Pais Kòrsou), is a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about north of the Venezuela coas ...

and Dominica as well as

. By mid-2000,

software was used by over 500,000 online casino end users worldwide and processed over $4 billion in online transactions.

was one of the largest online gaming platform providers in the world. The company was 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 th ...

in September 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 ...

stock exchange in March 2000. Andrew and Mark Rivkin Rivkin stepped down as CEO of CryptoLogic in January 2001 but remained on the company's board of directors.

QT Inc.

Mark Rivkin co-founded QT Inc with a former

CFO The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financi ...

Inc., Harvey Solursh in 2004. QT Inc. is a

-based investment company that specializes in commercial and residential real estate, private and commercial investments, development, mortgages, and financing.

References

External links

QT Inc. Website
{{DEFAULTSORT:Rivkin, Mark Canadian businesspeople University of Western Ontario alumni