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Cryptologic merge with Boss Media

     
  Nov 14

A few days ago, the 12th of November, 2008 the news that Boss Media and Cryptologic has signed a five-year contract was released. Where several major gaming companies, which today houses on Cryptologic, including Parbet and Inter Poker will be transferred to Swedish Boss Media. As most know, Cryptologic has not had it easy lately when several major poker companies has left them. The move of Cryptologic poker companies and their players will save them an estimated $12 - $15 million annually.

Brian Hadfield, Cryptologic's president and CEO, said that the merge represents "a major step in our journey back to growth, profitability and returning shareholder value, helping Cryptologic reduce costs substantially."

Boss Media and St. Minver, a subsidiary of GTECH will offer Cryptologic players a good solution for their new network IPN, based on Boss Media software. Beyond this, the Cryptologic taken care of back office system and work with recruiting players to Boss Media.

For a while there was speculations that Party Poker and Cryptologic would merge, no one knows what will happen with that now, it remains to be seen.

This merge will give Cryptologic a substantial lift to their poker players, but also Boss Media will know of this merge in the form of a significant number of new players to their playerbase.


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