It was recently announced by CryptoLogic Limited, that they are investing in Mahjong Time. The investment will benefit the developer and supplier of the software to make a move toward the market in Asia. CryptoLogic signed a licensing agreement with Mahjong Time, who is based in San Diego that will give CryptoLogic access to half the Internet Cafes in China.

Mahjong Time will receive the advantage of CryptoLogic’s marketing in this deal. CryptoLogic has a presence through their 1,200 distributors in several hundred cities and many provinces. In recent times, Asia has shown great success in online gaming and many companies are making strides to move into that market. It is believed that one day the market in Asia will pass all others in the online gaming industry.

“We knew the global mahjong market had huge potential and that potential is quickly turning into reality. As CryptoLogic’s Asian business continues to grow, our investments in different partners and platforms enable us to penetrate each market more effectively for the benefit of our customers, our players and our shareholders.” said Brian Hadfield, President and Chief Executive Officer for CryptoLogic. “All of CryptoLogic’s Asian investments are meeting or exceeding their targets and ours.”

The Chief Executive Officer of Mahjong Time, William Sutjiadi, has stated that due to CryptoLogic’s investment, they have been able to grow more rapidly and capitalize on the game that “more than 600 million people” enjoy worldwide. Sutjiadi also stated: “Our partnership with various Asian licensees demonstrates Mahjong Time’s commitment to work with companies who offer value and vision and to deliver the best software solutions to our customers.”


- 2008-08-28