Cryptologic Comes Through Rough Year

It is easy to say that Cryptologic has not had a wonderful year. They got the heave ho by the Unlawful Gaming Enforcement Agency last year and the company was banned, like all others from any operations in the US which was about 30% of their business at the time.

The company has taken huge steps to remake the company, they have moved their headquarters to Ireland to be close to their customer base and they have changed CEO's. The company is doing everything to make the break from the American customers and attach to the player base that is still available to them. The most attractive aspect that they have right now is setting themselves apart from their competition, they are going to show their players that they still have the games they want and that they offer great bonuses and features.

Investors should watch out for the integration of Cryptologic's new European and Asian gaming units, the forecasted numbers are now looking to be between $17 and $18 million which is a earnings level of $2 to $3 million. This is all very impressive seeing as how the entire company picked up and moved across the world this year. This might have been a rough year, but they are dedicating to coming back even stronger next year, it really says something the way they pulled through.