Home > News > Cryptologic helps Amaya to European growth

Cryptologic helps Amaya to European growth


2 Dec 2012

The Cryptologic brand has helped its parent firm, Canada’s Amaya Gaming Group, to record strong third-quarter growth.

Amaya’s headquarters are in Montreal, Canada, from where the company this week announced its latest financial performance for the quarter to September 30th 2012, as well as for the full nine months of the year up to that point.

Revenues are up across the board – from just under CA$4 million in Q3 2011 to over CA$18 million in Q3 2012, and from CA$8.9 million to CA$39.2 million for the year so far.

Several factors have contributed to this growth, including the European performance of Cryptologic and Chartwell, both subsidiaries of Amaya.

Organic growth in the licensee bases of the two brands within the European market helped to drive the third quarter higher than the previous three-month reporting period, according to Amaya president and CEO David Baazov.

Cryptologic has also introduced a new category of games in 2012, with three new online wagering titles launched in July.

Monte Cristo, Captain Nemo and Fire Flies are all hybrids between casual games and casino games – the first online slots to bring together the different features of the two distinct gaming styles into a single player experience, according to Amaya.