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March 19, 2008
Ireland-based online gaming provider and online bingo hall favourite Cryptologic has posted fourth-quarter revenue of $20.4 million and net earnings of $5.0 million this week, delivering net earnings of $4.3 million. Online bingo industry observers will remember CryptoLogic projected last November 2007 revenue up to $18.5 million and net income between $2 million and $3 million for the quarter. "In 2007, CryptoLogic demonstrated the resilience of its business - and the strength of its strategy," said the company’s president and CEO Brian Hadfield. "CryptoLogic led the industry in gaming innovation, broadened and deepened its customer relationships, grew both its core and emerging businesses, and made strategic investments in Europe and Asia. CryptoLogic enters 2008 with a new wave of momentum - and a new world of opportunity." CryptoLogic is not a big name in the online bingo games products niche, but few free online bingo operators do use their poker and slots games as extras on their sites. Written by John Witherspoon – Interested in free online bingo? Our great online bingo portal gives all the info you need.
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