Cryptologic to Power Playboy Online Casino Technology
Adult magazine, Playboy, plans to launch a new online casino site. Software technology giant, Crytologic has been chosen to power the online casino site and will provide customer and marketing support as well. Take two business giants, merge them together and you have a winning combination. The legendary adult magazine publisher, Playboy, recently announced that it was branching off into the online casino world by launching a new, brand name online casino. The popularity of Playboy itself should be enough to ensure a successful online casino; however, Playboy turned to software technology giant, Cryptologic and signed a three-year contract with the company to power its site.
Cryptologic has been enjoying enormous success in the online casino world recently. The online casino technology company declared a 71% increase in its quarterly cash dividend to 12 cents a share. Its first quarter profits rose by nearly 60% to $7.7-million. This is good news for everyone who has invested in Crytologic and is just another example of the incredible growth potential of the internet gambling industry. The better news is that these numbers will only increase with the new deal between Crytologic technology and Playboy to provide games for its online casino. Playboy will market its site around the globe, except the United States where anti-gambling regulations are in place.
Besides providing online casino games to Playboy’s site, Cryptologic technology will also provide electronic cash management, customer support and marketing support for the online casino. By taking the popularity of Playboy in the adult world and combining it with the solid reputation of Cryptologic, the industry has created a winning team.