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CryptoLogic investing in the future

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The leading software developer said that despite revenues in the first quarter were down 27 per cent to $19.6 million and the profit margin was 9.7% compared to 32.1% in Q1 2006, it expects 2007 to be a year of growth in both Europe, where CryptoLogic acquired Scandinavian poker operator Parbet and signed an exclusive agreement with the Netherlands’ government-owned Holland Casino, and Asia, where it signed joint ventures with local operators to target the Chinese market.

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