SOURCE: CryptoLogic Inc.

TORONTO, Ontario--(BUSINESS WIRE)--April 15, 2003--CryptoLogic Inc. (NASDAQ:CRYP - News; TSX:CRY - News):

All Dollar Amounts In US$

CryptoLogic Inc., a leading software developer to the Internet gaming and e-commerce industries, announced today that one of the Internet's most popular bingo groups has launched the online version of poker, the world's most popular card game, using poker software developed by CryptoLogic. Through an agreement with CryptoLogic's wholly-owned subsidiary, WagerLogic Limited, Bingo Entertainment NV has debuted its new online poker site, www.pokerplex.com, enabling its 120,000 players to enjoy immediate poker action at one of the leading poker rooms on the Internet.

"We are delighted to add yet another brand name customer, further contributing to the large, growing player community using our centralized poker offering," said Lewis Rose, CryptoLogic's President and CEO. "By using our proven technology, Bingo Entertainment can leverage its player franchise and broad marketing network to build a successful online poker business. In less than six months since our poker product launch, we have established ourselves as a major force in poker, one of the fastest growing game segments on the Internet."

www.pokerplex.com offers an exciting and realistic poker room environment to appeal to casual poker players and high stakes gamers alike - all live on the Internet. Players can enjoy the most popular poker games - Texas Hold'em, 7-Card Stud, Omaha High and Omaha High/Low and play in their preferred currency - US dollars, British pounds sterling or Euros. WagerLogic's high quality graphics, chat feature and exceptional support and service complete this leading multi-player poker offering.

"We are excited to offer our players a broad range of Web entertainment, now introducing poker to our online game suite," said Richard Chambers, CEO of Bingo Entertainment NV. "As part of a larger online poker community, our players can easily find a game at any time, with real people from around the world. WagerLogic's centralized poker solution gives our players instant access to a live, action-filled online poker experience and allows us to enter this growth area with a market advantage for increased profitability."

Table poker accounts for approximately 5% of the $3.5 billion online gaming market today, and yet it is still a large and emerging growth area. CryptoLogic has very quickly achieved market leadership and today already powers one of the top 10 poker rooms on the Web.

"We are actively seizing on the early success of our poker product to attract new customers," said Jon Moss, WagerLogic's Director of Business Development. "Today's announcement of the launch of Bingo Entertainment' new poker site - the fourth brand name, international customer to roll out WagerLogic's multi-player poker solution - is evidence of our increasing market leadership and potential in this growing game segment."