Of all the top online casino software providers who began branching out of the U.S. gaming market before the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA), Cryptologic and their software subsidiary company Wagerlogic had certainly been the most active in this regard. As such, fourth quarter earnings in 2006 were impacted far less than several other online casino software licensors who were primarily focused on the U.S. facing igaming market.

Cryptologic casinos, such as InterCasino, came out in the green for 2006. Cryptologic recently divulged their 2006 results to shareholders, which company President and CEO, Lewis Rose, was pleased to report as another record breaking year. Revenue growth was up by more than 20% to $104 million, while earnings were up by over 24% to 24.8 million. Diluted shares had risen up to $1.81. A significant growth increase from 2005, much of this was owed to Cryptologic's strategic acquisitions, expansion into Asia and new online casino game releases. For 2007, Cryptologic is looking forward to their promising new licensee, Holland Online Casino, which is scheduled for launch in June of this year.

Understandably, Cryptologic was still impacted by the passing of the UIGEA, and fourth quarter earnings would have been even better otherwise. However, considering Cryptologic's concentrated focus on the European online gambling market, the loss was far less than what it could have been if Cryptologic had the majority of its assets facing the U.S. Now, the company is looking forward to a successful year in 2007, and has already kicked off several new sites.

Since December, Cryptologic has launched five new customer sites, with three more scheduled for release in the near future, including two for Cryptologic's first government owned online casino licensee, Holland Online Casino. Long term growth in both the European and Asian market (although the latter still needs more time to develop) is expected at Cryptologic, whose company headquarters are now based out of Ireland.