SOURCE: Financial Times

CryptoLogic, a supplier of software to online gaming operators, has always been careful to stay on the right side of U.S. law.

The company, which is moving its head office from Canada to Ireland, is listed in Toronto and London as well as on Nasdaq.

Once it became clear last year that Congress would pass the Unlawful Internet Gambling Enforcement Act, CryptoLogic made sure that the companies to which it licensed software cut off U.S.-domiciled customers.

As a result, CryptoLogic has not had to tell directors not to travel to the U.S.. Indeed, Stephen Taylor, chief financial officer, told Mudlark he visited the U.S. only three weeks ago.

Elsewhere, Taylor said, "the [legal] situation is fluid. Everyone is keeping a careful eye on France."

CryptoLogic, meanwhile, is holding the pot for Millionaires Club, a patented jackpot slot game that it licenses to sites such as William Hill, Littlewoods and Intercasino.

There hasn't been a winner of the top prize for 14 months and the jackpot—which is not capped—now exceeds $5.3 million.