CRP Cryptologic

TIDMCRP

Cryptologic Limited

10 June 2011

FOR IMMEDIATE RELEASE

Symbol: TSX: CRY & CXY; NASDAQ: CRYP; LSE: CRP

Newcastle man hits GBP2.6m jackpot with CryptoLogic's Millionaires Club

Civil servant's 90p bet on the popular slot game at SkyVegas.com bags one of the biggest online wins

June 10, 2011 (Dublin, IRELAND) - CryptoLogic Limited, a developer of branded online betting games and Internet casino software, is pleased announced that a 37-year old civil servant from Newcastle, England has scooped a GBP2.6 million jackpot win with Millionaires Club, the Company's award winning online casino slot game.

The winner staked just 90p on the nine line, five-reel slot game at SkyVegas.com, a leading CryptoLogic games licensee, last Friday -- and walked away with one of the biggest wins online after successfully spinning his way through several progressive bonus rounds.

He is the fourth player to become an instant millionaire from Millionaires Club, which was created and is licensed by CryptoLogic to many of the world's leading online casino operators. The jackpot builds up as players across the Millionaires Club network try their luck on the game. The biggest ever payout from the game was in 2007, amounting to $8 million.

The player, who is the biggest SkyVegas winner to date, now plans to spend some of the prize money buying houses for himself and his parents.

Sky Vegas' Head of Gaming, John Parsonage, said: "We are in the business of making instant millionaires. This is the second time one of our players has bagged a life-changing windfall from CryptoLogic's game and is a great crowd-puller for our site. We are planning to launch another million pound jackpot slot soon so hopefully there will be even more SkyVegas millionaires in the future." CryptoLogic has one of the most comprehensive casino content suites on the Internet, with games featuring some of the world's most famous action and entertainment characters, resulting in multiple industry awards and rave reviews from players. In addition to SkyVegas, they can be played at some of the world's top online gaming sites, including InterCasino, William Hill, 888, bwin.party and others.

Ian Price, CryptoLogic's Head of Business and Product Development, said: "Since its launch in 2005, Millionaires Club has a gained loyal following due to its innovative content and a unique blend of compelling entertainment value and big cash prizes. We congratulate SkyVegas and the player on this win, which again highlights the game's huge appeal to casino operators and players worldwide."

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For more information, please contact:

 
 CryptoLogic                                Corfin Public Relations 
  +353 1 234 0400                                  +44 207 596 2860 
 David Gavagan, Chairman and Interim CEO   Neil Thapar, Alexis Gore 
  Huw Spiers, CFO 
 

About CryptoLogic(a) (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading 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. 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. The CryptoLogic Group licenses gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world.

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).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

This press release contains forward-looking statements within the meaning of applicable securities laws. Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the Company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, without limitation, risks associated with the Company's financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations and risks associated with competition. Additional risks and uncertainties can be found in the Company's Form 20-F for the fiscal year ended December 31, 2010 under the heading "Item 3 - Key Information - Risk Factors" and in the Company's other filings with the US Securities and Exchange Commission and Canadian provincial securities commissions. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are given only as at the date of this release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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