CryptoLogic Lands Russian Licensing Agreement

2 October 2008

Software provider CryptoLogic Ltd. has signed a multi-year, multi-million dollar exclusive licensing agreement with Kurastica, a spin off of an international operating company that does business with the Commonwealth of Independent States, or CIS.

Under the agreement, Kurastica is set to offer CryptoLogic’s Internet casino software in the first quarter of 2009 to players through a number of channels.

“One of CryptoLogic's goals is to expand into new markets, where we can bring players the best global gaming software -- tailored to specific needs,“ said Brian H. Hadfield, CryptoLogic's president and chief executive, in a prepared statement. “With a deep-rooted gaming culture, vast population and fast-growing Internet economy, the CIS is a very promising market. And with a seasoned local partner, CryptoLogic will bring players a truly exceptional entertainment experience.“