CryptoLogic, a leading supplier of Internet gaming software, has announced the opening of Casino Sur at www.casinosur.com. Operated by Casinos del Norte S.A., Casino Sur is the first Internet casino licensed and operated in Argentina, the largest Spanish-speaking market on the continent.

"Casino Sur marks a meaningful event for both our organizations and extends CryptoLogic's presence into another regulated international market," said Andrew Rivkin, CryptoLogic's president and CEO. "Once again, CryptoLogic leverages the essential combination of brand reputation, gaming experience and leading technology that should make Casino Sur a great success. By year end 2000, CryptoLogic will be in the enviable position of having licensed and launched Internet casinos for the largest group of big name, land-based gaming brands around the world."

Casinos del Norte S.A. is part of the WOREST Group, which operates numerous casinos, bingo halls and amusement venues across Argentina. Casino Sur is offered in English and Spanish.

"We want to offer the very best to our customers and CryptoLogic was the perfect choice," said D. Porfirio Aquino, CEO of the WOREST Group. "Not only does CryptoLogic's casino software launch our business onto the Internet, but it also helps us expand into new Spanish markets around the globe. Their system provides a total turnkey solution with a variety of games, interactivity and multiple languages that can deliver a superior Web experience in keeping with the high entertainment standards that we have committed to our clientele."

Argentinean-based Casinos del Norte S.A is part of the WOREST Entretenimientos & Casinos Group, one of the largest gaming organizations in South America, which operates numerous casinos, bingo halls and amusement facilities with almost 600 employees. The WOREST Group casino operations include two of the country's best known casinos, San Carlos de Bariloche and Formosa Casinos, which together receive more than 550,000 visitors a year including the largest number of foreign visitors from Brazil, Chile, Uruguay, North America and Europe. The company aims to be the premier gaming and entertainment operator in the Latin American leisure market and is capitalizing on the emerging online gaming market in Argentina. The WOREST Group is a founding member of ALAJA, the Latin-American Association of Games of Chance.

CryptoLogic Inc. is a leading software development company serving the Internet gaming market. CryptoLogic's common shares trade on the Toronto Stock Exchange under symbol the CRY and on the Nasdaq National Market under the symbol CRYP.