World Series of Poker Leader Honed Skills Using CryptoLogic-Developed Software

TORONTO, Canada -- (PRESS RELEASE) -- Going into Monday's action, the leader at the World Series of Poker (WSOP) — the game's premier event — was an Internet poker player who honed his skills using software developed by CryptoLogic, a leading software developer for the global Internet gaming market.

Haakon Waerstad of Oslo, Norway, was the chip leader going into today's action in Las Vegas. Waerstad had an impressive chip count of $169,200, a lead of almost $13,000 over his closest competitor. He led an impressive list that includes a record number of Internet poker players competing at this year's WSOP.

Waerstad qualified for the tournament through Betfair.com, a leading poker site that uses software developed by CryptoLogic and licensed by WagerLogic, the company's software licensing subsidiary. Of the 102 players who qualified online at WagerLogic licensees' sites, 35 were still in the tournament this morning.

"For an Internet poker player, leading the World Series of Poker is the dream of a lifetime," said Andy Goetsch, CryptoLogic's Vice President of Poker Software Development, himself a world-class player. "For CryptoLogic, this is an exciting validation of our investment in our Internet poker software. Whether it's playing for fun or playing for real, players like Haakon Waerstad know that CryptoLogic software delivers the game you want, when you want it."

Betfair launched its Internet poker site in 2004, following an agreement with WagerLogic. Since then, Betfair has become one of the world's most popular Internet poker sites.

"At the World Series of Poker, you need the right cards, but you also need the right experience," said A.J. Slivinski, WagerLogic's Managing Director. "It's clear that our software enables customers like Betfair to offer both the entertainment and the experience that turns Internet poker players into some of the best competitors in the world."

About CryptoLogic

Focused on integrity and innovation, CryptoLogic Inc. is the world's leading public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of the company's gaming software and services to a blue-chip customer base worldwide.