Cryptologic enters the Russia

Online gambling software developer and turnkey provider CryptoLogic Limited, has signed an exclusive licensing agreement with Kurastica, a spin off of a major international operating company with extensive experience in the gaming marketplace that does business in the Commonwealth of Independent States (CIS) of Russia.

Under the multi-year, multi-million dollar deal, the company will begin offering CryptoLogic's Internet casino software, through a number of channels to players beginning in the first quarter of 2009.

"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 Hadfield, CryptoLogic's President and CEO. "With a deep-rooted gaming culture, vast population and fast-growing Internet economy, the CIS is avery promising market. And with a seasoned local partner, CryptoLogic will bring players a truly exceptional entertainment experience."

Kurastica's parent company had established successful gaming businesses in Russia, the Ukraine, Kazakhstan, Armenia, Georgia, Belorussia and other countries. Its management and staff include experienced professionals from gaming clubs and casinos, as well as creative experts in the Internet casino space.

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