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The Rules of The Game
To play a game you should know the rules. This is especially true in our business. Accordingly, CryptoLogic has long advocated a regulated and licensed Internet gaming market to establish clear, high standards for the protection of players and to enhance the integrity and expansion of the industry.
Worldwide, there are over 85 jurisdictions that regulate some form of Internet gaming. At the forefront is the United Kingdom, which will be licensing and regulating online gaming through the UK Gambling Act 2005. The detailed regulations should be implemented by 2007, allowing licensing to begin in that year. Other countries have since announced their intentions to follow the UK's lead.
As more governments come to terms with online gaming and establish specific rules of conduct, market forces will prevail. Brand name operators and government approval inspire confidence that will allow the market to reach its full potential.
CryptoLogic is taking full advantage. We work with some of the most trusted gaming companies in the UK and around the world. We do not offer our solutions to gaming operators that accept wagers from US players. We are one of the few providers with government-certified gaming software. Our regulatory leadership puts us in an enviable position today and for the future as government regulation proliferates worldwide.
Internet gaming is growing and here to stay. CryptoLogic will continue to play our cards wisely, and always according to the rules.
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