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Most Recent Online Casino News
Cryptologic vs. Dodge & Cox International Stock Fund
Cryptologic offers a software platform for its online casinos clients.
None of its clients market to U.S.-based consumers, which may explain
why these sites don't have the name recognition to Americans that a
Party Poker does. But they're big, and profitable. While we talk about
poker, which is clearly the biggest growth driver, Cryptologic offers
many casino games online, including blackjack, slots, and craps. It
offers online casinos a custom design, and customers can pay in multiple
currencies and be served in any one of a number of languages. The
coolest thing is that without the customer knowing, a "table" of poker
players can include a mixture of currencies (normalized to the dollar),
languages, and even casino skins. This allows Cryptologic to maximize
the number of players and combinations of tables at any one time.
It's paid off big time, and the company is both conservatively
financed and poised for incredible growth. It grew 43% in the last
quarter of 2004, in spite of purposely culling a number of
clients that it considered to be lower-quality.
There is a non-zero chance that Cryptologic can misstep and destroy
shareholder equity. It is a non-zero number that is much higher than
that of Dodge & Cox and its larger-cap diversified portfolios. But
Cryptologic, like the game of online poker, is an object lesson of waiting 'til
the odds are in your favor, and betting big.
Read the
entire article at:
The Motley Fool
2004 Online Casino News Archive
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