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It's not often that multi-billion pound companies are conceived in a Dublin basement, but in 1995, this is how the gambling company Cryptologic was founded. Brothers Andrew Rivkin and Mark Rivkin were working in their mother's basement, attempting to develop a secure online financial transaction system. They succeeded, then needed to find a real-life use for their product.
From these subterranean beginnings, Cryptologic is now one of the largest in the casino industry, along with Playtech, NetEnt, Realtime Gaming, and Microgaming. Today, the company has a subsidiary called Wager Logic – this branch handles the licensing intricacies of the gaming software.
Cryptologic Company Structure
By 1996, Cryptologic had licensed their first product called Intercasino. Since then, the company has forged links with some of the most well-known poker rooms, casinos and bookmakers in the world, including William Hill Bookmakers, and Littlewood's Gaming. In 2002, the partnership with Littlewood's Gaming led to Cryptologic receiving a licence from the Isle of Man. From there, The Alderney Gambling Control Commission certified the Ritz Club.
By 1988, Cryptologic had floated on the Canadian Stock Exchange, and also on the NASDAQ. Then, the company traded on the London Stock Exchange by 2003, had also received a gaming software certification from the Alderney Gambling Control Commission.
Director Lewis Rose, who was the President, Chief Executive Officer, and director, managed to grow the company from $90 million to over $400 million, in the years between 2002, and 2007. Cryptologic then went global, and opened an office in Singapore, along with a customer care centre in Cyprus.
By 2007, Cryptologic had got into bed with the Playboy brand, who launched a casino and poker portal, using their software. 2007 was a good year when the World Poker Tour Enterprises joined the network.
Every year, Cryptologic launches more than 20 new games, and currently stocks over 280 casino titles. These can be played in multiple languages and currencies. Some of the most well-known games include King Kong, Call of Duty, Spiderman, and Sneaky Sex Change. Cryptologic games can be downloaded, or played directly through the Internet, using Java.
For high rollers who fancy winning a multimillion dollar jackpot, try the Cryptologic-patented game by the name of Millionaire's Club – this produced one of the biggest wins of all time at $8 million.
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