CryptoLogic Licenses at Least 10 of Its Innovative Betting Games to Bet24

CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a global developer of branded online betting games and Internet casino software, has signed an agreement to license at least 10 of its most popular online betting games to Bet24, a Scandinavian online gaming company owned by Modern Times Group MTG AB (MTG), a leading international entertainment broadcasting group with the second largest geographical broadcast footprint in Europe.

The agreement covers some of CryptoLogic's top branded and non-branded slot games and will provide CryptoLogic with recurring revenues based on wagers placed by Bet24's customers. Two games are already live on www.bet24.com, with the complete roll-out of the full 10-game suite scheduled to launch through the year. The games will be made available through Gaming Technology Solutions plc, which provides the platform for many of the world's largest Internet gaming sites.

Justin Thouin, CryptoLogic's Vice President, said: "Bet24 is our first new licensee of 2010 and builds on the strong momentum of new customers gained by CryptoLogic in 2009. With a growing roster of leading online gaming operators, CryptoLogic continues to increase its reach across the global player community with its compelling branded gaming content."

Bet24 was founded in 2001 and since 2005 is part of MTG. Bet24 offers gaming entertainment including exciting odds on international as well as local sports events, Casino, Poker, Games, Bingo and Lotto in 15 different languages on www.bet24.com. Bet24 has active clients in more than 70 countries enjoying the full array of gaming services.

Kim Larsen, Casino and Games Manager of Bet24, said: "The agreement with CryptoLogic is in line with our strategy of providing our customers with the best gaming entertainment products available in the market. We are delighted to offer their games to our customers and look forward to working with CryptoLogic to expand our business and enhance user experience."

About CryptoLogic

Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The company's licensees include many top Internet gaming brands, including the "big four" international operators. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

About Bet24

Bet24 was founded in 2001 and since 2005 is part of the Modern Times Group MTG AB, a leading international entertainment broadcasting group with the second largest geographical broadcast footprint in Europe. Bet24 offers gaming entertainment including exciting odds on international as well as local sports events, Casino, Poker, Bingo and Lotto in 15 different languages on www.bet24.com. Bet24 has active clients in more than 70 countries enjoying the full array of gaming services.