There was a stir in the roulette news this week as two men, already banned from casinos across the United Kingdom, were found guilty at a London crown court of gaining illegal entry using false identification and cheating at Roulette. The two individuals of Italian descent would both play at the same roulette table; one would distract the croupier as the ball was stopping on the roulette wheel, whilst the other would move chips onto the winning number.

Both men had previous convictions for similar offences in the United Sates and in Australia, but by using a number of aliases backed up falsified identification they managed to elude international police efforts and continually target new casinos.

Along with Playtech and Microgaming, Cryptologic dominate the market for providing turnkey solutions to the online casino world. The boom in internet gambling has seen recent tighter regulation in massive markets such as the United States and with the general global economic downturn, the casino online software provider which was formed in a basement in 1995 announced this year a major cost cutting and restructuring program. The effects of which are clearly evident in the Q3 results announced only the other day.

Operations in Cyprus and London were closed and moved to Malta. Management changes were implemented in a self admitted aggressive fashion and the result was operating expenses went down an impressive 20% from Q2 to Q3 – with total expenses from $20.2 million to $9.9 million.