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CryptoLogic Provides Trading Update (Marketwire)

Thursday July 31, 2:00 am ET DUBLIN, IRELAND--(MARKET WIRE)--Jul 31, 2008 -- ALL FINANCIAL FIGURES ARE IN US$ CryptoLogic Limited (Toronto: ), a world leader in Internet gaming software, announced today that due principally to seasonality and the effect of the Euro 2008 football championships, the company expects its revenue for the second quarter of 2008 to be lower than the level achieved in the first quarter of this year, but modestly higher than in the same period in 2007. The company noted that its success in signing five new customers in the second quarter enhances its outlook for the second half of 2008. The company also expects to report higher-than-normal operating, general and administrative expenses. These higher costs include development consulting expenses that will accelerate both product development and the... [read full story]                    

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