Things over at the Cryptologic Network are experiencing a big shake-up because by the end of March, all of their rooms will be moved over to Boss Media. Cryptologic, an incredibly successful software development company, has recently decided to move beyond its online poker network and get into a more specialized position. Prio to this move their interests as a company have been quite general but they recently spotted a hole in the online casino world and decided to go for it. Right now the company is traded on the NASDAQ and it contains a list of more than 200 games within its catalogue. Of those 20 games, some 60 are set up to be played on the customer’s web browser.

Many popular online gambling sites call Boss Network home including Paradise Poker and Celeb Poker to name a few.  And before too long, many other games that have flourished underneath the Cryptologic online casinos umbrella will call Boss Network home as well. With the immense challenges that companies are facing in the online gambling industry, especially with the economy in as sorry a state as it is in, these kinds of changes are bound to start happening with more and more frequency. It is getting increasingly more difficult to carve out a niche and make a name for yourself in this industry so companies are having to resort to some unusual means.

Through making this move, the company has reported that they have been able to cut $12 million in costs. And after this change the company will have its goals set very high, aiming for $9 to $10 million worth of profits from online casinos for the year of 2009.

Tags: boss media, cryptologic

This entry was posted on Tuesday, January 20th, 2009 at 1:56 am and is filed under Online Casino, Online Gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.