Cryptologic Video Poker
Cryptologic was a developer of online casino games and other gambling software. In 2012, Cryptologic was purchased by Amaya Gaming Group. The business-to-consumer subsidiary WagerLogic was eventually separated from Cryptologic and sold to Goldstar Acquisition in early 2014. 2015 Cryptologic was sold to NYX Gaming Group.
Cryptologic Video Poker
RTP for 5 coin bets
|Jacks or Better||9-6||99.54%|
|Aces & Faces||8-5||99.26%|
|Double Double Bonus||9-6||98.98%|
|Tens or Better||6-5||97.96%|
|Super Jackpot Progressive*||8-5||97.30%|
|Deuces Wild Bonus Progressive*||16-13||96.77%|
* The RTP for the games with a progressive jackpot is calculated based on a minimum jackpot meter of 4,000 coins. The breaking point for Super Jackpot Progressive is 9,426 coins. The breaking point for Deuces Wild Bonus Progressive is 11,135 coins.
The highest RTP is offered by the Jacks and Better video poker, while Tens or Better and the two games with progressive jackpots all have an RTP below 98 percent.
Most Cryptologic video poker machines come in 1-hand, 3-hand, 5-hand and 10-hand versions.
Cryptologic was founded by Canadian brothers Andrew Rivkin and Mark Rivkin in 1995. With their parents’ basement as their work space, they began developing an application that would make financial transactions over the internet more secure through encryption – hence the name Cryptologic.
In the following year, the brothers launched the online casino InterCasino – one of the first online casinos that accepted real money deposits. At this point in history, most online casinos made their revenue from showing adds and selling on user information. InterCasino was also groundbreaking in its offering of multiplayer-games and its top-notch security solutions.
InterCasino quickly attracted the attention of other companies in the gambling industry, and Cryptologic began to receive requests to license their products. This was the beginning of Cryptologic as a supplier of online gambling applications for independent gambling sites. When renowned bookmaker William Hill Plc became the first offfline bookmaker to open an online casino, Cryptologic were the ones delivering the goods.
In 1998, Cryptologic was listed on the Toronto Stock Exchange (CRY). In 2002, they were listed on NASDAQ (CRYP) and the following year trading in Cryptologic stocks commenced at the London Stock Exchange (CRP).
In 2012, Cryptologic was acquired by the Amaya Gaming Group in a $35.8 million cash for shares takeover. Less than two years later, Amay sold WagerLogic to Goldstar Acquisition in a deal that, among other things, included all of Cryptologic’s online gambling sites such as InterCasino, InterBingo and InterPoker.
WagerLogic was a wholly owned subsidiary to Cryptologic. WagerLogic was responsible for licensing gaming software, offering support services, handling payment processing, etc.