Cryptologic CasinosThe following Cryptologic casinos have been examined and approved by our editors:
Cryptologic Casino Software ReviewGeneral Info In 1995, Cryptologic was founded in Toronto, Ontario. They hit the Internet in 1996 with their first casino. Wagerlogic Ltd, is responsible for the licensing of its gaming software and services and is owned by Cyptologic. It directs its products toward the higher end of the casino line. It accomplishes this through keeping its regulatory standards as high as those of land-based casinos, if not higher. They are attempting to meet the needs of players from all parts of the world. To accomplish this they offer games in a number of languages, including English, Spanish, Japanese, Chinese, French, German, and Italian. They also offer casinos that will accept a multiple of currencies including the US Dollar, British Pound Sterling as well as Euros. Cryptologic is currently being publicly traded on the Toronto Stock Exchange. Its symbol is CRY. It is also being traded on the Nasdaq National Market where its symbol is CRYP. In addition, it is traded on the Main Market of the London Stock Exchange, where its symbol is CRP. The company’s management team has many years of experience in the financial services and entertainment sectors. Casino operators are being offered a total software casino gaming package that includes an integrated e-cash management system along with 24/7 customer support. Cryptologic Accountability Cryptologic states in its 2003 Annual Report that the company abides by its commitment to the highest standards of regulatory compliance and transparency. The company is registered with one of the world's most regulated jurisdictions, the Alderney Gambling Control Commission. In order to assure the privacy of the customer’s personal information and the security of its system, Wagerlogic may be said to go farther than most casino software providers. After you set up your account you are sent a later. It is sent to your home and contains a personal PIN and account number. These numbers are required if you wish to cash out your account. This procedure works to protect the casino against fraud and the casino customer from identity theft. Cryptologic Gaming Software Both browser and downloadable casinos are offered by Wagerlogic. They offer a browser casino that is based on Java Technology. Using a 56k modem, it takes about 10 minutes to load the download casino. It offers improved graphics, and sound, as well as faster games when compared with the browser version. After the initial download is finished, an "Upload Assistant" appears which allows you to select the games you want to download while you are already playing with the software. In this matter you are able to decide how heavy a casino download you will allow with regard to your system memory. Both multi-player and single player games are available. A chat option is included with the multi-player games. By going to the mean casino lobby you are placed in a 3D environment where you can view the other games that are being offered. There are sound effects and a voice narration that add to the feel of being in a real casino. Tournaments are also offered in which player participants are allowed to deposit a small amount such as $25, and to receive in turn an amount of play money for wagering, like say $1000 in play funds. They then can win prizes based on the amount that they are able to win within a particular time frame. This acts as a good incentive for players. Now they are able to play in a tournament but they won’t have to feel like they have to lose millions in order to win. A major issue with online casinos is brand names since there is so much similarity in the way they look and sound. When using Wagerlogic software, the casino operator is able to customize each detail of the look and feel of their games. An example might be the color of the game table felt, or the pattern and color of the carpets. Other examples of this are slot machine graphics, reel curvature, and the speed at which games are played along with the sound effects. There is even an option that allows you to change the voices of the croupier. There is one feature that is shared by all of the Wagerlogic casinos and that is the progressive jackpot, Jackpot Mania. Since the pot is actually shared among all of the casinos, it is possible to attract more customers in that the casino can offer a larger amount than it could if it was playing alone. This is one feature that many slot players appreciate. Cryptologic Business Solutions There are several products offered by Cryptologic that are designed to assist the casino operator. It’s wholly owned subsidiary, Wagerlogic focuses on casino software distribution and licensing. The Wagerlogic software package includes a complex and detailed back office that is designed to produce reports on everything from game to game activity level by type of game and by each client, to ad tracking along with affiliate programs. It provides any and all information that you would need to acquire regarding your clients’ habits, and is able to formulate a focused marketing campaign directed toward your target market. All of this can be generated by Wagerlogic’s back office software program package. In addition to that, their software, PlayersHelp, offers well trained 24/7 customer support via e-mail, toll-free telephone or live support. Cryptologic also offers another system to be used for processing payments, called ECash. This software system is proud of its amazingly low fraud rate for credit card processing which is less than 1%. The actual average across the market is 2% – 5%, which often results in hefty fines being placed on operators by Visa or MasterCard. Cryptologic Business Model Wagerlogic offers to serve as the operator's project manager and to help in implementing all of the solutions that the company offers, which are designed so as to create the optimum casino environment. Wagerlogic will assist its clientele both in establishing its brand and in developing a marketing strategy. They also will help in the training of support staff. To carry this out, the company offers additional licenses that an operator can choose to use such as PlayersHelp and ECach Direct. These allow the operator to focus all of his/her resources on marketing. In addition, WagerLogic’s licensees are required to pay an ongoing fee for the licensing and support of their software. This fee is calculated as being a percentage of each licensee’s activity level. The company drives additional revenues through the provision of e-cash processing, software customization, and advertising services. Licensing agreements are usually in the form of 3 to 5 year contracts. Operators The company controls about 21% of the online Internet casino market. This makes it second after Microgaming, which is first at 38%. They have more than 8 clients, and include several extremely reputable land-based casinos in the list of clientele. These land based casinos include: Betfair, William Hill, The Ritz Club London, ukbetting place, and Littlewoods Gaming. |
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