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Licensees' land-based championship event offers big excitement with an estimated $1 million prize pool for a makor Caribbean Poker Classic Tournament.

WagerLogic Limited, a global leading provider of online gaming software announced today that its licensees will be offering the Caribbean Poker ClassicO, a land-based poker tournament in St. Maarten from December 5-11, 2004. This cross-licensee event combines the best of Internet and land-based poker excitement, as players worldwide compete for a seat at the final tournament with an estimated $1,000,000 in prize money. The championship event is a $5,100 buy-in, No Limit Hold'em extravaganza, held on Wednesday, December 8th.

“With the Caribbean Poker ClassicO, WagerLogic licensees offer their players a world-class, flagship event filled with fun, sun and big money action,” according to A.J. Slivinski, WagerLogic's Managing Director. “This land-based event will be a major draw to increase player traffic to our licensees' central poker room – currently ranked number 4 in the world – and help to strengthen their market position in online poker.”

The Caribbean Poker ClassicO is WagerLogic licensees' first foray into land-based tournament poker. The event will be held in St. Maarten in the Caribbean at the exclusive Sonesta Maho Beach Resort & Casino from December 5th – 11th. Players can qualify in daily online tournaments through satellites, multi-tiered tournaments and single table tournaments for the Championship Package, which includes a $5,100 event buy-in, roundtrip airfare, six nights at the Resort, tickets to the welcome and awards ceremonies, and a special welcome gift. A guaranteed seat valued of $8,500 can be won each day up to a maximum of 400 players for entry in the final round in St. Maarten.

WagerLogic software is used by some of the world's top online gaming brands, and now powers the fourth leading poker room on the Internet according to PokerPulse.com, an independent research site. The success of WagerLogic licensees' central poker room is reflected in: a total average cash pot of $6 million won each day; 400,000 hands of poker dealt every day for up to 3,300 players online simultaneously; and total player registrations currently exceed 150,000 from over 120 countries.

WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic Inc. (a publicly listed company on the Toronto Stock Exchange, Nasdaq National Market and the Main Market of the London Stock Exchange), licenses its gaming software and services to an internationally recognized blue chip client base. In addition to a broad product portfolio of more than 100 casino games, bingo and multi-player poker, the company offers integrated e-cash management and customer care services in multi-currencies and multi-languages for a total online gaming solution.