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Report highlights CryptoLogic growth

A new gaming industry report has pointed to the explosion in activity that software companies such as CryptoLogic and payment systems such as Neteller have experienced.

River City Group has released its I-Gaming Public Offerings detailing business reviews and financial profiles of some of the online gambling industry's most prominent players.

And while the report obviously pointed to the positive results of some of the big online gambling operators, it also revealed that many other companies offering different services are riding the wave of success.

Neteller, the payment process company used by VIP Casino, fared particularly well and the award-winning software provider CryptoLogic – also used by VIP Casino – is booming as well.

Sue Schneider, River City Group CEO, said: "We produced this report after seeing the demand for information about this industry and the companies that make it run.

"The interactive gaming industry continues to show tremendous growth, and many companies are viewing public floats as a means for further product expansion and development.

"The industry is also undergoing a period of consolidation, and many firms are using the proceeds of their initial public offerings to fuel acquisitions of rivals. With this report we've sought to please both investors and business development executives alike."