Online Casino Technology Provider Ends 2005 on a High
2005 was certainly a boom year for the online casino industry. There were a few flotations of online casino companies, positive reviews from several big Wall Street investment houses on the solidity of investing in online casino sites and the launch of some new online casinos. With this successful year at a close, the financial truth is being discovered as companies produce year-end reports and financial summaries.
Cryptologic, a leading software technology developer and provider in the online casino industry, has announced its financial results for the fourth quarter of 2005. The company reported on record revenue and excellent cash flow which was a reflection of Cryptologic’s controlled strategy and strong growth in the major online casino markets. The online casino technology developer also reported that these results were a record for the company and indicative of the growth in the industry as a whole.
The CEO of Cryptologic was thrilled with the company’s year-end results. He said that 2005 marked a decade since the online casino software developer began its operations and hopes for another few decades of success and growth. The company plans to continue to provide top-class games to top-class online casino sites. He said that the company’s focus on online casino technology and online poker markets makes it a leader in the development of these games. Online poker was labeled as the most popular game in 2005 which might have contributed to the company’s success.