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Cryptologic software review |
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Cryptologic casino software review
Cryptologic was founded in Canada in 1995, born out of the mutual efforts of Mark and Andrew Rivkin. They analysed the emerging Internet market and perceived a need for a secure, encrypted service that offered banking and money transfer facilities to the foundling e-commerce sector. Their first offering - which is still in operation today - was an e-Cash service that allowed commercial websites to accept payments over the Internet.
In fact, the service was so successful that within a year of opening for business, the company was floated on the Canadian Stock Exchange where it has been actively traded ever since. Today Cryptologic stock is bought and sold at nearly every major stock exchange worldwide.
Through their interactions with their e-commerce clients, they became aware of the fast growing and extremely lucrative online casino market, and so they created a subsidiary group called WagerLogic, whose sole purpose is the development and distribution of gambling games and casino management platforms.
After acquiring a casino license, the company launched the InterCasino online gambling site in 1996, one of the few original online casinos still operating today and still one of the biggest. WagerLogic used InterCasino as a sandbox to test out new games and innovative ideas in online gambling, the best of which became integrated into their WagerLogic suite of software which they made available for license.
In 2002 the WagerLogic software was certified on the Isle of Man. This made WagerLogic the first provider of internet gambling software to submit itself to the same stringent conditions and regulations as a land based casino. WagerLogic in turn applies these same standards to all licensees of its software.
All online casinos that license WagerLogic's platform have to submit to a monthly audit by authorised agents to ensure that regulations are being adhered to. The audit checks that at least the minimum payout percentage is being honoured by each establishment, and that the results of every game is completely random and fair.
This goes a long way towards inspiring confidence and trust amongst regulars to WagerLogic's casinos, a philosophy that Cryptologic well understands as it continues to build on the trust it earned from its roots as a financial services provider.
Such trust relationships evidently work, as Cryptologic and their WagerLogic-powered casinos have continued to thrive despite having made the decision to shut out the US market. In the wake of the American Unlawful Internet Gambling Enforcement Act (UIGEA), no online casino licensed by WagerLogic will accept US players.
In terms of the end user experience of WagerLogic's software, players can experience more than 200 titles available. You can expect to find a huge range of titles including classic casino games like Blackjack and Poker - it's estimated that WagerLogic software processes more than 400,000 hands of Poker per day.
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