The Ireland based online gaming provider and online bingo hall Cryptologic has posted a fourth quarter revenue of $20.4 million dollars with net earnings of $5 million dollars this week, delivering net earnings of $4.3 million.

Last November Cryptologic projected revenues up to $18.5 million and net income between $2 and $5 million for the quarter.

The company's president and CEO Brian Hadfield says, "In 2007, CryptoLogic demonstrated the resilience of its business - and the strength of its strategy. CryptoLogic led the industry in gaming innovation, broadened and deepened its customer relationships, grew both its core and emerging businesses, and made strategic investments in Europe and Asia. CryptoLogic enters 2008 with a new wave of momentum - and a new world of opportunity".

Cryptologic hasn't made a big name for themselves in the online bingo products area but few free online bingo operators do use their poker and slots games as extras on their sites.








- 2008-03-19