Monday, December 28, 2009

Mark Rivkin Co-Founded Cryptologic Inc.

Cryptologic Inc., one of the most popular e-gaming provider for casinos and online gaming solutions was founded by Mark Rivkin and Andrew Rivkin. Mark Rivkin and Andrew Rivkin were fresh graduates when they discussed the idea of building their own business. The basic concept behind their debut business venture was a unique combination of secure online transaction management and internet gaming software. What started in the year 1995 as a small idea in the minds of Mark Rivkin and Andrew Rivkin, became one of the most promising ventures for online gaming and casino software in the coming few years.

Mark Rivkin and Andrew Rivkin found sponsors after a tough struggle and months of searching. Once they raised $500,000 in seed money, they started their business by developing the first version of their gaming software. After getting their first licensee in 1996, Mark Rivkin and Andrew Rivkin play-tested the first version of the software for some months and then opened the software for real money play. The response to their venture was tremendous and in a short time real life players were playing through Cryptologic’s software for real money and real stakes. Cryptologic’s E-cash system added to the gaming system’s appeal and offered the online players a safe and secure way to play the game and enjoy it.

Andrew Rivkin and Mark Rivkin developed Cryptologic reach in business arena and soon the company had 18 licensees operating in over 40 branded casinos with a total user base of more than 500,000 in the early 2000. The company is also listed on the major stock markets like NASDAQ, Toronto Stock Exchange, Sprott Securities, Pacific Growth Equities and many more. Being pioneers in the online casino, gambling and gaming industry Andrew Rivkin and Mark Rivkin continue to launch new services and products that cater to the growing needs of new online markets.

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