CryptoLogic Expands to China

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January 28, 2007 - CryptoLogic expands to Chinese Market.

The CryptoLogic Network has signed deals with Brilliance Technology Co. and 568 Network Inc to help launch their product to the Chinese market.

 

These three companies will launch a new Chinese company which will help launch its products and services to the Asian market. Their play for real money sites will be licensed by the China Welfare Lottery, the nation’s top gaming authority.

 

The company’s first plans are to develop more skill games that are already known to the Asian culture. They will introduce these games along with their existing casino and poker products.

 

The Asian Market has a huge growth potential, the appetite for online gaming is already quite strong. In China alone there are 135 million internet users. This is the second largest market behind only the United States.

 

The USA gambling market is facing many challenges as its government has begun apparently shutting down gambling related sites. It appears now that most sites are moving east to obtain future growth.

 

This is great news for European clients. We all know that the American poker boom helped keep the tables filled with lots of fish. The China poker boom can provide us the same experiences and the timing could not be better. The skill of American players has increased greatly over the years which have made the games more difficult to beat. With sites bringing us whole new schools of fish the coming years are looking more than promising.

 

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