Betfair Renews Partnership with Online Casino Supplier CryptoLogic
31 October 2005

CryptoLogic, one of the leading online casino software developers in the industry has announced that they will be extending their contract with Betfair until next year, June 2006. Betfair is the leading betting exchange company, and the agreement that was made came through WaterLogic Ltd., CryptoLogic’s subsidiary for licensing.

The President and CEO of CryptoLogic, Lewis Rose, recently commented that CryptoLogic has enjoyed their partnership with Betfair, which has been mutually profitable for both companies. Rose stated that CryptoLogic is pleased that their successful relationship with continue with Betfair in the upcoming year of 2006. And it is likely that their extended partnership will continue to prove to be beneficial for both parties.

However, it is interesting to note that even though Betfair has decided that they will extend their partnership with CryptoLogic, they have every intention of developing their own software and technology for their main products. Nevertheless, the extended partnership between the companies may very well expand further to another year until January 2007.

Steve Ives, the director of Betfair Games has said that Betfair is a technology-driven wagering organization, so it is only natural for them to examine ways of how they can continue to offer their customers the best and most unique products. It has always been their goal to pursue this aim, and Betfair is ready to carry out their goal, even after their current contract with CryptoLogic expires.

Betfair has been really successful within this past year and have really seen a growing profit in their company. Now one of the online casino industry’s fastest growing poker rooms, there is no question that Betfair has a bright and impressive future ahead of them.