Tuesday, October 28, 2008

World Poker Tour Say Bye, To CryptoLogic Inc

The partnership of the World Poker Tour and online poker platform software provider CryptoLogic Inc is drawing to a close according to a notice filed Friday with the US Securities and Exchange Commission. Both WagerLogic and its parent company CryptoLogic were notified by the WPTE that the agreement would be terminated as of November 14th. This leaves the WPT branded online poker room without support, and would indicate that it is being shut down as well. There has been no word on how much the WPT will have to pay CryptoLogic for the early termination of their agreement, initially a three year agreement that was extended to seven.

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