The Ritz Club Online Casino Announces That It Is Leaving Cryptologic

Wagerlogic , the gambling software arm of Cryptologic, has made known  that the The Ritz Club Online which is based in the UK, in October 2006, intends to stop licensing it's online casino software.

Since the Ritz accounts for less than 2 percent of its revenues, the parent group announced that the move would have “no material impact” on its results.

At the provider, however it was not all bad news. Since Wagerlogic has lengthened its restricted licensing agreement with Overseas Internet Gaming Entertainment, owners of sites like Intercasino and Interpoker, major revenue earning gaming sites. And in addition to that, right through to 2012 the royalty agreement remains unchanged.

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