Online poker: Cryptologic move in progress

03/19/2009

Cryptologic's decision to merge its online poker interests with those of Boss Media became practical reality Wednesday as the phased transfer of several online poker sites began.

The merge, announced late last year by Cryptologic, is motivated by a need to substantially reduce costs while improving liquidity for players. It will make Boss Media's International Poker Network larger by the integration of six former Cryptologic network sites, with the timetable set as follows:

• 17 March - Extreme Poker
• 18 March - Classic Poker, Opoker, DTD Poker and BetJacks
• 19 March – InterPoker and ParBet

Boss Media, together with St Minver, will provide a fully-managed poker solution based on Boss Media’s poker software.

“With the addition of six new poker licensees including InterPoker and ParBet, we are significantly increasing the liquidity that can be offered to both the new licensees’ players, as well as our existing customers’ player base. We look forward to further developing our relationship with CryptoLogic and further increasing the size of the IPN over time,” said Atul Bali, President of GTECH’s New Media & Sports Betting Co, parent body for Boss Media.

Brian Hadfield, President & CEO of CryptoLogic, commented: “GTECH and Boss Media are the right partners for CryptoLogic, thanks to their independence and commitment to innovation and technology – and it is exciting to see this transition happen right on schedule.”