In the ever competing industry of online gaming software companies are continually attempting to outshine their competitors coming up with new concepts and developing innovative methods to ensure added security.
Earlier this week in Toronto Canadian software developer CryptoLogic Inc. picked up the Gambling Online Magazine’s top casino software award for the second year running.
The company was also chosen as the Top I-Gaming Software Provider at the 2006 UK Gambling Awards for both casino and poker.
Based on the votes of readers of the Gambling Online magazine as well as players and website visitors the company was recognized for its ‘state of the art’ casino gaming software, exclusive gaming concepts and outstanding player security delivered through its subsidiary WaterLogic Limited.
The company was founded in 1995 and commenced trading on the NASDAQ market in 2000. It officially entered the London Stock exchange four years ago.
CryptoLogic offers over 260 games and has one of the most comprehensive casino gaming suites on the Internet. In 2006 alone, the company introduced many first-to-market innovations, including the first-ever online version of Texas Hold'Em Bonus Poker.
The online gaming giant also offers the industry's top jackpot offering, including its patented Millionaires Club which boasts the highest jackpot in online history to date and its Rapid Fire slot games which continues to pay out more often than any other online slot.
Revenues have been growing steadily since the Company started operations twelve years ago.
CryptoLogic Inc annual revenue
• 1996 - $0.1
• 1997 - $12.4
• 1998 - $22.1
• 1999 - $31
• 2000 - $34.4
• 2001 - $43.6
• 2002 - $34.4
• 2003 - $44.2
• 2004 - $86.3
Accepting the Industry’s top award a delighted Justin Thouin, Vice president of the company said “We are the only casino software provider to offer an interactive floor. And our authentic card and table games, multi-player options and interactive chat deliver great games and great experience for any player - anytime. Being recognized with the Top Casino Award makes it clear that CryptoLogic continues to deliver the games players want to play. CryptoLogic's software innovations help drive player activity, develop more satisfied customers and increase player traffic - all of which leads to enhanced profitability."
CryptoLogic say that listening to their customers and focusing on player research is the corner stone of their business.
In a market flooded with choice they have managed to lead the field in developing the type of software most players like to use.
They have also prioritized player safety as a policy making their sites extremely popular amongst cautious punters.
There are over 2,000 online casinos in operation worldwide so any new incentives from improved graphics to added security can reap great rewards.
Online gambling companies are continually assessing the strengths of their site while also keeping a close eye on competitors.
Its estimated that annual global internet gaming revenue amount for this year alone will come to somewhere in the region of $18 billion (£9.18 billion)
