Crypto renews contract with Intercasino/Poker but will lose Ritz Club

[playersare]

http://biz.yahoo.com/iw/060505/0127351.html

CryptoLogic Inc. (TSX:CRY.TO - News)(NasdaqNM:CRYP - News)(London:CRP.L - News), a leading software developer to the global Internet gaming market, announced today that it has extended its current commercial terms with its largest licensee and one of the world's first and largest online casinos. Overseas Internet Gaming Entertainment NV (OIGE), the owner and operator of the award-winning gaming sites, InterCasino (www.intercasino.com) and InterPoker (www.interpoker.com), has reaffirmed its exclusive agreement with CryptoLogic's wholly-owned licensing subsidiary, WagerLogic Limited, by securing the same royalty arrangements until at least January 1, 2012, and will continue to use WagerLogic's complete Internet gaming solution.

Following an internal business review, The Ritz Club London Online has decided to cease its relationship with WagerLogic effective on or prior to October 28, 2006. This decision will have no material impact on CryptoLogic's financial results as the Ritz accounts for less than two per cent of CryptoLogic's revenue.

[KSOT]

So will Ritz have to change software?

I don't know how they expect to survive on their own...

[playersare]

[ QUOTE ]
So will Ritz have to change software?
I don't know how they expect to survive on their own...

[/ QUOTE ]
they will just pick another network. plenty of competition out there to choose from.