• CryptoLogic Continues To Outperform In Q2 2003

TORONTO--(BUSINESS WIRE)--Aug. 14, 2003-- CryptoLogic, Inc. (NASDAQ:CRYP - News; TSX:CRY - News), a leading software developer to the Internet gaming and e-commerce industries, announced today its financial results for the second quarter and six months ended June 30, 2003. Strong second quarter results exceeded expectations and signify that the company's business continues to build on a solid platform of organic growth, international expansion and new products. Revenue up 22%, net profit up 27%; strong growth momentum continues through global and product expansion. "CryptoLogic continues to execute well, and the seasonably strong second quarter was our best performance in the last year and a half," said Lewis Rose, CryptoLogic's President and CEO. "We're making meaningful strides in what continues to be a challenging market. At CryptoLogic, we've been focusing on the fundamentals, and diversifying both our products and our geographic markets. Our strategy is paying off with revenue up more than 20% and earnings up more than 25% over last year." [...]

> Read the full story here Source : Yahoo.com

• Lucky Winner Enters Early Retirement With Online Jackpot

An aptly named player that goes by the moniker ‘Lucky’ has just won a $199,276 mega-jackpot on InterCasino's popular Rags to Riches progressive slot machine. But what makes this win extra special for the slot hound is that her win came just one month after taking her early retirement. “It couldn’t come at a more opportune time. I just took an early retirement from work and this is going to pay off my house. I left work on June 13th and I go into full retirement next March, so this will hold me over just fine,” said Lucky. Lucky, who has been an InterCasino player since 2001, describes the moment she realized that she won the Rags to Riches mega-jackpot: “I couldn’t believe it, I was very surprised. I put $30 in and I was on my last 3 coins. My game is usually video poker, but I finished playing that and thought, ‘I wonder what the progressive jackpots are’ because I told my husband last summer that I was going to win Rags to Riches one day. [...]

> Read the full story here Source : OnlineCasinoNews.com

• Online Gamblers Sue Their Creditors

A California couple that lost more than $100,000 gambling online is suing a host of credit card companies and banks, claiming the businesses shouldn't have processed the wagers. Lisa and Andrew Harding racked up tens of thousands of dollars in online gambling debt during 2002 and 2003, prompting a lawsuit from credit card company Retailers National Bank, which accused Lisa Harding of failing to pay the bills. Last week, the pair filed a countersuit against several credit card companies, including Visa International and its USA division, MasterCard International and Discover Financial Services. They also sued banks that issued the cards, including Retailers National Bank and Citibank, and companies they said electronically transferred funds for some of their bets, including Western Union Holdings. [...]

> Read the full story here Source : News.Com.com

• 'Terminator' Star Facing Questions Over Slot Deal

Arnold Schwarzenegger seems to have had a change of heart. Not about running for governor of California, but about having his face plastered all over talking slot machines spitting out "Hasta la vista, nickels." The "Terminator"-actor-turned-political hopeful agreed to the use of his name, image and voice on a new International Game Technology nickel slot machine in April before he announced his bid to replace California Gov. Gray Davis. It is thought to be the first time the name and image of a candidate for major political office has been used to promote gambling, and several industry officials suggested Schwarzenegger could have a conflict of interest if elected governor. Although most of the officials did not want to be quoted on the record, they agreed he could be vulnerable to the conflict-of-interest charge if he wins the governorship since he would be responsible for enforcing and negotiating gaming compacts with California's Indian tribes. [...]

> Read the full story here Source : ReviewJournal.com

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