WagerLogic Fulfils Player Demand

Nicosia, CYPRESS -- May 13, 2004 – (PRESS RELEASE) -- WagerLogic Limited licensees William Hill Casino and InterCasino are the first two online casinos to award huge progressive jackpots from WagerLogic's newest progressive games. The new games, Millionaires Club™ and Progressive Blackjack provide WagerLogic licensees world-beating jackpots to further differentiate their casino's product offerings and better satisfy players' demands.

According to Jon Moss, Business Development Manager at WagerLogic, "The release of the new progressive games provides our casino licensees with more fire-power to satisfy the players' quest for bigger jackpots across more games. This puts WagerLogic licensees a step ahead of their competition in the very important progressive market."

The first of the new progressive products released was the Millionaires Club™ progressive slot, which offers a potential $1 million progressive jackpot in a multi-currency environment. Millionaires Club™ is the first and only one-line, two-stage progressive on the Internet that offers such mammoth jackpot potential. One lucky UK player at William Hill Casino scooped £436,220.39 on April 29th, 2004.

WagerLogic's second show-stopping progressive release is their multi-currency, progressive single and multi-player blackjack game. Players wager in US dollars, Pounds Sterling or Euros, with the jackpot being paid in the currency of their wager. The chase begins with players placing a side-bet to qualify for progressive play. If a player receives four red or four black aces in any one hand, the player wins the full progressive value. Secondary prizes are also awarded to players for additional ace combinations. On May 6th, 2004, a Progressive Blackjack jackpot winner known by his username "Scouti", won an unprecedented €160,438.36 at InterCasino Deutschland, which made him the largest-ever online Swiss mega-jackpot winner.

About WagerLogic (www.wagerlogic.com)

WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic Inc. (a publicly listed company on the Toronto Stock Exchange, Nasdaq National Market and the Main Market of the London Stock Exchange), is responsible for the licensing of its gaming software and services to an internationally recognized blue chip client base. In addition to a broad product portfolio of more than 80 casino games, bingo and multi-player poker, the company offers integrated e-cash management and customer care services in multi-currencies and multi-languages for a total online gaming solution.