Internet gaming software provider CryptoLogic has announced a new strategic internet poker agreement with Boss Media, a subsidiary of GTECH Corporation.
Under the terms of the agreement, CryptoLogic will merge its major poker customers with Boss Media’s International Poker Network during the first quarter of next year. It is thought the deal will help the company make significant cost savings.
“CryptoLogic’s aggressive action on its new strategy, as witnessed in several recent announcements and our new agreement with Boss Media, is a major step in our journey back to growth, profitability and returning shareholder value,” commented Briad Hadfield, CryptoLogic’s president and chief executive officer.
“This partnership provides our poker customers with access to one of the largest poker networks in the world, while helping CryptoLogic reduce costs substantially.”
Atul Bali, president of GTECH’s new media and sports betting company, said the agreement would “significantly increase the liquidity” of the organisation’s player base.
