Amaya may still Acquire Cryptologic

January 13, 2012

Anyone who has any interest in online slots, or regularly visits online casinos will know the name Cryptologic. Alongside Microgaming and Net Entertainment, they are one of the world’s leading developers on online slots and other online casino gambling games.

Recently, Amaya Gaming put forward an acquisition offer to Cryptologic, which is valued at almost $35,000,000. However, following the initial offer, the deal seemed to go cold, and no further news or information regarding the takeover was released to the press. The deadline for the bid being accepted was Thursday the 12th of January. Cryptologic have just now released a statement informing the world that the bid deadline has been extended to the 2nd of February. This is to allow Amaya Gaming more time to complete its due diligence study of Cryptologic and bring a realistic offer to the table.

Amaya Gaming are a relatively unknown name to online casino players, they operate in a very behind the scenes manner as a gaming solutions provider. However, just because they are not well known does not mean they are not an influential force in the online casino market place. With a third quarter (2011) revenue reported as almost $4 billion, they are a major player.

With a product catalogue of more than 300 online slots and other online casino games, Cryptologic have arguably the most complete range of casino games in the world. Cryptologic specializes in licensing its online slots platform to online casinos, and therefore they made available to every online slots player regardless of their location.

A merger of Cryptologic and Amaya Gaming would see a new form of online slots provider emerge. One which not only develops and licenses online slots, but also operates its own online casinos and franchises.

2012 is looking like being an interesting year for the online casino sector. As many countries finally tackle the problem of online gambling legislation, and the way forward becomes clear, it is entirely likely we will begin to see more of these high profile, high ticket value acquisitions occur. This is good news for us, the online slots players. Cryptologic are a quality online slots developer and Amaya Gaming are a quality platform provider, a synergy of the two can only lead to a better online slots experience.

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