GLOBAL EXPANSION A PRIORITY SAYS NEW CRYPTOLOGIC CHIEF - Online-Casinos.com

DUBLIN, Ireland — Internet gambling software provider CryptoLogic Ltd. (TSX:CRY) is investing up to US$2.5 million to take a "significant minority equity stake" in Mahjong Time, an Asian developer of mahjong software.

Mahjong Time earns revenue by licensing its software to gambling operators that run tournaments, subscriptions, pay-for-play sites and in-game advertising. It also has its own site, Mahjong Time - Play Mahjong Online

"Mahjong is a game with an ancient history in China, and a following of well over 600 million worldwide," Brian Hadfield, CryptoLogic's president and CEO, said in a statement Tuesday.

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