In a recent statement, Cryptologic, one of the world’s best and most respected online gaming software company said that it would extend its contract with (OIGE) Overseas Internet Gaming Entertainment NV. OIGE is a leading online gaming group that has several online gaming websites under it. Intercasino.com and Interpoker.com, both owned by OIGE use the online gaming software provided by Cryptologic. The deal came with both the companies deciding to continue their association. The deal allows OIGE to use the online gaming software from Cryptologic for six more years until 2012. Cryptologic would get the royalty from OIGE as per the agreement during the period.

"By reaffirming a long term relationship with our largest customer, we are following CryptoLogic's guiding principle of achieving the highest "ROE" - what we call return on effort from our customers, products and projects. We aim to continue to deepen our relationships with our major customers, while continuing active discussions with select new prospects that will enhance our roster of blue-chip global gaming and entertainment brands", said Lewis Rose, the CEO of Cryptologic.

Further, Cryptologic’s representatives stated that it would end its contract with Ritz Club London this October. It is not likely to affect the company’s financial position as Ritz contributed just 2% to its revenues.