Online casino software designer IQ Ludorum was on a course to being a huge power player in the growing online casino industry until it hit some turbulence dealing with some miss-managed finances, and a resulting financial backlash. But, it is now in the process of pulling itself out of the ashes and becoming the force that it once was - Only now the online casino company is doing so by changing its  approach and offering a more diverse base of services.

The first of IQL's big move is in its acquisition of the specialist in online debit card solutions, First Pay, which is worth at least three million British pounds. Currently, the company is also enjoying the fact that its sportsbook software is being utilized by Betcorp.com - And with the addition of FirstPay, the online casino company will also enjoy access to the highly popular WorldSportExchange, which is a primary customer of FirstPay.

With such strategic diversification, it is sure not to be long before this online casino company is back on the top of its game.  Mike Muscato, IQL's CEO, elaborated on the change saying, “The developments today reflect a fundamental shift in IQL’s business model towards recurring revenue and sales linked to the dollar volume of transactions. Gaming is expected to continue a double-digit, multi-billion dollar year-over-year growth and IQL is now poised to maximize its participation in this growth.”

IQL is already in talks with other companies about its latest online casino and sportsbook software about who will be able to finance a deal to power their companies with the IQ Softech software. Betcorp is also slated to continue use of the same software for at least five years, and has already eluded to wanting to renew after the term has concluded.