Cryptologic eyes cost savings with Boss Media partnership
Wednesday, November 12, 2008
Internet gaming group CryptoLogic has entered into a strategic Internet poker agreement with Boss Media, a subsidiary of GTECH Corporation, one of the world’s leading gaming technology and services companies.
The deal will see CryptoLogic merge its major poker customers with Boss Media’s International Poker Network (IPN) within the first quarter 2009.
The agreement is in line with CryptoLogic’s recently announced growth strategy to focus on its highly popular branded games and its Internet casino business. The company said the migration of its poker operations and customers to the Boss Media network, in tandem with other actions, would help generate significant cost savings, estimated at $12 million - $15 million per year.
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