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• Cryptologic Renews Agreement with UKBetting
TORONTO (Reuters), January 10 2006 - CryptoLogic Inc. (CRY.TO: Quote) said on Tuesday British online bookmaker ukbetting Plc (UKB.L: Quote), had renewed contracts to use the Canadian company's online gaming software.

Shares of Toronto-based CryptoLogic surged 87 Canadian cents, or 3.7 percent, to C$24.44 on the Toronto Stock Exchange in afternoon trading.

CryptoLogic, which develops and licenses Internet gambling software, said ukbetting had renewed its online poker agreement until 2009 and its online casino agreement to 2008.

CryptoLogic's shares took a hit last August on concerns it might lose poker-software customer Britain's Betfair, which said it planned to bring its core products in house.

Betfair later said it would extend its contract with CryptoLogic until at least June 2006, but that its original plan remained intact.

Most of CryptoLogic's customers are based in Britain, where online gambling is booming because it is one of the few countries where Internet betting is welcomed.
> Read the full story here
Source: Reuters.com



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