Cryptologic to Power OPoker Room

May 12 - Shares in Cryptologic increased on the London Stock Exchange this week, following an announcement that the software company has entered into a three year exclusive agreement with OPoker, to provide this new poker site with software and services.

OPoker, which will aim mainly to serve the fast-growing online poker market in Scandinavian countries and which was established by some of Scandinavia's leading online poker executives, will use the services of Cryptologic's online gambling arm, Waterlogic. The new deal will see Waterlogic provide the site with customer support services, business service support and e-cash management. The company will also be the sole provider of poker software to the site.

The President and CEO of Cryptologic, Brian Hadfield said: "Today's announcement is consistent with our strategic imperative of adding liquidity and strengthening the Cryptologic poker network within Europe, including Scandinavia. Cryptologic's partnership with OPoker.com shows that even while we grow into other parts of the world, we're also expanding in our core European market."

In response, the CEO of OPoker, Daniel Andersson said: "Cryptologic shares our vision of providing players with top quality poker software, tailored to local interests and cultures. Together we will make OPoker.com a destination of choice for players across Scandinavia and beyond."

Cryptologic's vice president, Justin Thouin said that combining OPoker's industry knowledge and Cryptologic's technical solutions was a 'natural fit'.

The new deal will provide OPoker players with access to some of the most popular poker events around the globe, including the Caribbean Poker Classic and the Head Hunter Challenge.