Cryptologic Inc. is trafficking in gaming licenses for $1,000 per month, and they can arrange one for anyone, as long as the $1,000 gets paid each month. Compare this trafficking of gaming licenses with their press releases, and you will see how dishonest they are by misleading everyone.




You are here: home > rotten license agreement > cryptologic inc. trafficking in gaming licenses for $1,000 per month

Posted Wednesday, January 18, 2006

Cryptologic Inc. trafficking in gaming licenses for $1,000 per month
Cryptologic Inc. is trafficking in gaming licenses for $1,000 per month, and they can arrange one for anyone, as long as the $1,000 gets paid each month. Compare this trafficking of gaming licenses with their press releases, and you will see how dishonest they are by misleading everyone.

 

Cryptologic Inc. trafficking in gaming licenses for $1,000 per month

When you read the Cryptologic Inc. press releases, and listen to their lies, you may wrongly think that you are dealing with a clean company because these crooks try so hard to project the image of an honest company. The reality is that they are totally corrupted and rotten to the bones, and that is why they try so hard to convince suckers that they are honest.

We have never seen a press release from these crooks that was not full of lies, and misleading and fraudulent information. We challenge anyone to show us just one.

Before signing up the license agreement with Cryptologic Inc. we had a valid gaming license that we submitted to Cryptologic Inc. They examined all the documents very thoroughly, and approved our gaming license as valid, and in good standing. They asked us to arrange the local hosting of the servers in that country.

A short time after, Cryptologic Inc. contacted us to inform us that they would prefer if we operated from CURACAO in the Netherlands Antilles.

The crooks explained that it would be easier for them to run the servers from CURACAO instead of the other country that issued our gaming license.

They asked us to form a local company in CURACAO, and promised that they will arrange a gaming license for us for a fee of US $1,000 per month. At the time, we didn't know that we were dealing with thieves, and criminals, so we accepted their offer.

Later on, we found out that the only reason Cryptologic Inc. asked us to operate from CURACAO was to help them cheat us, and steal our money, by having direct access to the servers. The crooks were already operating from CURACAO, so it was cheaper and easier for them to rob us by having full control and access to the servers holding our data.

It's clear that Cryptologic Inc. is trafficking in gaming licenses for $1,000 per month, and they can arrange one for anyone, as long as the $1,000 gets paid each month. Compare this trafficking of gaming licenses with their press releases, and you will see how dishonest they are by misleading everyone.

It took us 10 minutes to complete all their Mickey mouse laughable requirements, and our gaming licensee was approved. It just shows you how desperate and dishonest Cryptologic Inc. really is, because they wanted badly that we signed up with them, in order to steal all our players to redirect them to their own casinos.

Below are extracts from the original agreements, copied and pasted without editing whatsoever. You will see the name of INTERTAINET OVERSEAS LICENSING LIMITED and it is Cryptologic Inc. same crooks, just a different name. They operate from Cryprus because it's a paradise for the Russian Mafia to launder their dirty money.

---------------------------------------------------------------------------

THIS SOFTWARE SUPPLY AND SUPPORT AGREEMENT

7. REPRESENTATIONS, WARRANTIES AND ADDITIONAL COVENANTS OF CUSTOMER.

Gaming License – Customer hereby warrants and represents to IOL that it is the Information Provider referred to in the Appointment Agreement., that all regulatory requirements have been complied with, that the Gaming License is in good standing and that Customer has full power and authority to operate as Information Provider pursuant to the Gaming License and that the Appointment Agreement and Gaming License are currently in full force and effect. Customer covenants to use its best efforts to comply with the requirements of the Gaming License during the currency of this Agreement and any extensions thereof.

SCHEDULE ‘A’ TO THE SOFTWARE SUPPLY AND SUPPORT AGREEMENT
(j) Notwithstanding anything in the Agreement to the contrary, IOL shall deduct an amount equal to $1,000 per month from the Net Sales Revenue otherwise payable to Customer and shall remit it monthly to Cyberluck on account of its monthly fee as set out in the Agreement Naming Information Provider.

---------------------------------------------------------------------------

THIS AGREEMENT NAMING INFORMATION PROVIDER, AMONG OTHER THINGS, IS ENTERED INTO BY AND AMONG:

INTERTAINET OVERSEAS LICENSING LIMITED
a Cyprus Company
(“IOL”)

AND

CYBERLUCK CURACAO N.V.
a Netherlands Antilles company

(“Cyberluck”)

AND

CASINO MONTE CARLO N.V.
a Netherlands Antilles company

(“Information Provider”)

5. Payment of License Fee - Notwithstanding the provisions of paragraph 3.1 of the Appointment, IOL shall pay to Cyberluck monthly from the monies IOL would otherwise remit to Information Provider, the sum of $1,000 on account of Cyberluck’s monthly license fee.

14. Notice - Any notice that a party to this Agreement is required or may desire to deliver to the other parties, shall be delivered by facsimile to the phone number set out below with a confirming copy sent by mail, certified or registered, return receipt requested, proper postage prepaid to the other parties. Such notice shall be deemed delivered on the first (1st) business day following the facsimile transmission. provided that the sender can reasonably demonstrate its receipt. Cyberluck and Information Provider shall also send a copy of any notice to IOL to CryptoLogic Inc. at the following facsimile number and address:

CryptoLogic Inc.
1867 Yonge Street
Toronto, Ontario
M4S 1Y5
Telephone: 416 545-1455
Facsimile: 416 545-1454

---------------------------------------------------------------------------



  e-mail E-mail this page   print Printer-friendly page


CryptologicLicensee.com - You are authorized to reproduce all the content without our approval.
i