Low Blackjack Results at CryptoLogic create second quarter downturn

Blackjack is usually a popular choice for online gamblers but CryptoLogic is reporting that the game is reason for their second quarter downturn. CryptoLogic provides casino games for casinos online and they have stated their revenues are down for the second quarter from the first quarter.

Officials from CryptoLogic commented: “Despite the World Cup casino revenue showed a modest gain quarter on quarter but revenue was lower than anticipated due to a substantial swing in player preferences for blackjack and roulette.”

Not only did the company blame the game of blackjack but they also stated that the downturn was due to the installation of CryptoLogic games at Betsafe that were pushed back another month. The company also stated that branded games revenue grew by 20% compared to the first quarter reports.

The downturn reported by CryptoLogic seems to show that players are favoring other games to the blackjack and roulette options. Or players could be going to other sites to enjoy blackjack and other games. Either way, the company has reported a loss and they will be working hard to gain back their losses in the next quarter.

2010-07-16