FORM 6-K
Securities and Exchange Commission
washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of April 2003
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CryptoLogic Inc.
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(Translation of registrant's name into English)
1867 Yonge Street, 7th Floor
Toronto, Ontario, Canada
M4S 1Y5
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40F.
Form 20-F Form 40-F X
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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes No X
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DOCUMENT INDEX
Document Page No.
1. Press Release dated April 2, 2003 "CRYPTOLOGIC
ANNOUNCES CONTRACT 4 WITH THE LARGEST INDEPENDENT
ONLINE SPORTS CONTENT PROVIDER IN
THE UNITED KINGDOM"
Document 1
CRYPTOLOGIC (GRAPHIC OMITTED)
FOR IMMEDIATE RELEASE
ALL DOLLAR AMOUNTS IN US$
Symbol: NASDAQ: CRYP; TSX: CRY
CRYPTOLOGIC ANNOUNCES CONTRACT WITH THE LARGEST INDEPENDENT
ONLINE SPORTS CONTENT PROVIDER IN THE UNITED KINGDOM
ukbetting plc chooses CryptoLogic's proven technology to offer online poker
and casino to millions of international sport enthusiasts
April 2, 2003 (Toronto, ON) - CryptoLogic Inc., a leading software developer
to the Internet gaming and e-commerce industries, announced today that the
company is extending its global reach with a leading European customer:
ukbetting plc, a licensed and regulated online sports book and the largest
independent Internet sports content provider in the United Kingdom.
Through an exclusive license agreement with CryptoLogic's wholly-owned
subsidiary, WagerLogic Inc., ukbetting will expand its interactive wagering
services by using WagerLogic's Internet poker and casino solutions, targeting
ukbetting's monthly user base of 3.5 million European sports fans.
"ukbetting is a great opportunity that continues CryptoLogic's positive
momentum in the key growth areas of its business," said Lewis Rose,
CryptoLogic's President and CEO. "Poker continues to be the big growth market
on the Internet, and we are aggressively seizing this opportunity. ukbetting
marks the second brand name poker customer announced in recent weeks, and
confirms the increasing market appeal of our exciting online poker technology.
By also leveraging our proven casino solution, ukbetting's sizeable
international user community will add favourably to our global reach."
A U.K. publicly listed company, ukbetting plc operates two major U.K. sports
content brands on the Internet, namely Sportinglife.com and Teamtalk.com, that
reaches 3.5 million unique users each month. Its two sports betting sites,
namely ukbetting.com and totalbet.com, have 145,000 registered betting
customers. By adding casino and poker gaming to its online sports book
offering, ukbetting is expanding its interactive betting services to its
fast-growing international customer base. ukbetting is also attracting
wagering customers through its comprehensive branded sports content web sites.
"CryptoLogic has a proven track record of delivering technology that is
innovative and results-oriented," said Eric Semel, Chief Executive Officer,
ukbetting plc. "They are the obvious choice to bring online casino and poker
play to our large user base that will drive cross marketing opportunities and
increase revenue from our sports content and betting business. I found their
multi-player games enjoyable and realistic, and we are excited to offer their
comprehensive, multi-currency gaming suite that gives players an easy, safe
and fun online betting experience."
About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Inc. is the leading software
development company serving the Internet gaming market. The company's
proprietary technologies enable secure, high-speed financial transactions over
the Internet. CryptoLogic, ranked #1 in the Profit 100 listing of Canada's
fastest growing companies, continues to develop state-of-the-art Internet
software applications for both the electronic commerce and Internet gaming
industries. WagerLogic Ltd., a wholly-owned subsidiary of CryptoLogic, is
responsible for the licensing of its gaming software and services to customers
worldwide.
CryptoLogic's common shares trade on the Toronto Stock Exchange under the
symbol CRY and on the Nasdaq National Market under the symbol CRYP. There are
currently 12.2 million common shares outstanding (12.2 million shares on a
diluted basis, based on the treasury method).
About ukbetting plc (www.plc.ukbetting.co.uk)
Listed on the London Stock Exchange Alternative Investment Market, ukbetting
plc (AIM: UKB.L) is a leading digital wagering operator and the largest
independent sports content provider in the U.K. Ukbetting provides its sports
content services through www.sportinglife.com, www.sportal.com,
bettingzone.co.uk and www.TEAMtalk.com. As well, Sportinglife supplies content
to well known Internet Service Providers including AOL, BT Openworld and
Yahoo. In partnership with BT Openworld, ukbetting also provides
video-on-demand sports programming across six channels through the U.K.'s
first broadband sports network, called Sportal OnDemand. The company's digital
wagering services are provided through www.ukbetting.com and www.totalbet.com.
These sites offer in-depth information and the ability to place fixed-odd bets
on a wide range of sporting events including horse racing, football, cricket,
rugby, tennis and much more.
For more information, please contact:
At CryptoLogic, (416) 545-1455 At Argyle Rowland, (416) 968-7311 (media only)
Nancy Chan-Palmateer, Director of Communications Daniel Tisch, ext. 223/ dtisch@argylerowland.com
Jim Ryan, Chief Financial Officer Aline Nalbandian, ext. 226/ aline@argylerowland.com
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including, without
limitation, risks associated with the Company's financial condition and
prospects, legal risks associated with Internet gaming and risks of
governmental legislation and regulation, risks associated with market
acceptance and technological changes, risks associated with dependence on
licensees and key licensees, risks relating to international operations, risks
associated with competition and other risks detailed in the Company's filings
with securities regulatory authorities. These risks may cause results to
differ materially from those projected in the forward-looking statements.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CryptoLogic Inc.
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(Registrant)
Date: April 2, 2003 By: /s/ James A. Ryan
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(Signature)
James A. Ryan
Chief Financial Officer