Cryptologic, an industry leader in software development for the online gaming market, have signed an exclusive licensing agreement, this time with Kurastica who do extensive business in the Commonwealth of Independent States.

"One of CryptoLogic's goals is to expand into new markets, where we can bring players the best global gaming software — tailored to specific needs," said Brian Hadfield, CryptoLogic's President and CEO. "With a deep-rooted gaming culture, vast population and fast-growing Internet economy, the CIS is a very promising market. And with a seasoned local partner, CryptoLogic will bring players a truly exceptional entertainment experience."

Kurastica's parent company had established successful gaming businesses in Russia, the Ukraine, Kazakhstan, Armenia, Georgia, Belorussia and other countries. Under the multi-million dollar deal they will use Cryptologic's software beginning in the first quarter of 2009.

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