Cryptologic Announces Deal with Canadian State Lottery

The Canadian state lottery corporation, Loto-Quebec, has announced a new deal which will result in their Espacejeux casino being powered by software from Cryptologic. It has been reported that the new deal will lead to fourteen new games being released over the next year, the first of which, Bejeweled, is already available on the site.

Cryptologic is extremely pleased by the deal and Ian Price, their Group Head of Business Development, said that, "Working with governmental organizations such as Loto-Quebec underpins Cryptologic's reputation for delivering innovative but also responsible gaming solutions."

Francois Poulin, the General Manager at Espacejeux, was also very happy about the deal. He said that Espacejeux has already build a reputation for innovation and integrity and that Espacejeux is looking forward to integrating the new games as they will offer a more diverse experience for gamers.

However, not all is well at Cryptologic. It is reported that Amaya Gaming, which currently own 7% of Cryptologic is preparing to buy the remaining shares and buy out the company. They have offered to buy the shares at $2.54 per share. This would place Cryptologic's worth at $35.8 million dollars although the deal with Loto-Quebec is expected to change the share value. It has been reported by Canadian Casino News that Cryptologic's share are already up 7%.

The CEO of Amaya Gaming, David Baazov, is expected to be undeterred by the rise in share price. He has said that both companies share values and philosophies and as such the acquisition of Cryptologic is a logical and necessary expansion for Amaya Gaming.

Regardless of whether Amaya Gaming is successful, Canadian gamers can now benefit from Cryptologic's software and enjoy all the latest in slots, blackjack and other casino games at the Espacejeux website.