Cryptologic Still In Flux
August 19, 2021
The Cryptologic second quarter earnings report technically showed revenues improving overall, but that improvement is somewhat deceptive. Cryptologic revenues were up 3.4% compared to last year's second quarter, despite the company posting a second quarter loss of $1.5 million. The company's second quarter earnings could only be seen as positive when compared to last year's second quarter, which saw losses of $2.6 million. Cryptologic's Poker-related revenue is still struggling and was posted as down 27%.

Cryptologic believes the future of their online gaming software will be positive despite the last few years, given the signing of numerous new customers. Unfortunately for them, one of their highest profile customers, World Poker Tour Enterprises, is considering abandoning the company altogether in favor of focusing on their new subscription based online gaming strategy. If this comes to fruition, Cryptologic could be looking at even more substantial losses in the future.

For story in it's entirety, please visit the Independent Online Poker Authority,
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