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Cryptologic Ltd (CRP)

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Thursday 08 May, 2008

Cryptologic Ltd

Agreement with 888 Holdings

Cryptologic Limited
08 May 2008


FOR IMMEDIATE RELEASE

Symbol: TSX: CRY & CXY; NASDAQ: CRYP; LSE: CRP



                    CRYPTOLOGIC SECURES AGREEMENT WITH
                              888 HOLDINGS PLC

May 8, 2008 (Dublin, IRELAND) - CryptoLogic Limited, a leading software
developer to the global Internet gaming market, through its wholly owned
subsidiary WagerLogic, has announced a three-year licensing contract with 888
Holdings PLC, one of the world's most popular online gaming companies. Under the
agreement, 888 will select and integrate casino games from Cryptologic that best
complement 888's broad offering.

"Today's announcement is consistent with CryptoLogic's strategy to partner with
the world's biggest and best gaming brands - as a way to offer the ultimate
player experience," said Brian Hadfield, CryptoLogic's President and CEO. "888's
reputation, established player base and global marketing strength, paired with
CryptoLogic's industry-leading games - it's a winning combination."

888.com is the world's number one online casino and poker room. 888 owns and
operates various world-renowned websites, including www.888.com,
www.Casino-on-Net.com, www.pacificpoker.com, www.888ladies.com and
www.888sport.com.

"This reaffirms 888's strategy of creating a game ecosystem, powered by an
industry-leading integration infrastructure, which enables 888 to introduce a
diversified offering to existing and new players, worldwide," said Gigi Levy,
CEO of 888.

Boasting more than 200 games, CryptoLogic has one of the most comprehensive
casino suites on the Internet today. From popular casual games including Sudoku,
Cubis, and Bejeweled to multi-bonus and multi-jackpot games featuring some of
the word's most famous action and entertainment characters, CryptoLogic has
earned rave reviews from industry peers and players alike. In 2008, CryptoLogic
earned Gambling Online Magazine's Top Casino Software award for the third
consecutive year. Based on the votes of players, it is widely considered the
industry's top honour.

"For CryptoLogic, 888 is a natural fit," added Justin Thouin, CryptoLogic's Vice
President, Product Management and Business Development. "Together, we offer the
world's best online games through one of the world's largest Internet casinos."


About CryptoLogic(R) (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a world-leading,
blue-chip public developer and supplier of Internet gaming software. Its
leadership in regulatory compliance makes it one of the very few companies with
gaming software that is certified to strict standards similar to land-based
gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is
responsible for the licensing of its gaming software and services to blue-chip
customers who offer their games around the world to non-U.S. based players. For
information on WagerLogic, visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the
NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock
Exchange (CRP).


                                      ###

For more information, please contact:
                                             Argyle Communications,
                                            (416) 968-7311
                                            (North American and gaming
                                             industry media)
                                             Daniel Tisch,   ext 223
                                            dtisch@argylecommunications.com
                                             Karen Passmore,  ext 228
                                             kpassmore@argylecommunications.com
                                             Corfin Communications
                                            (UK media only)
                                             Neil Thapar, +44 207 977 0020
                                             William Cullum,  +44 207 977 0020
                                             Harry Chathli, +44 207 977 0020


CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this press release, which are not historical are forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that all forward-looking
statements involve risks and uncertainties including, without limitation, risks
associated with the Company's financial condition and prospects, legal risks
associated with Internet gaming and risks of governmental legislation and
regulation, risks associated with market acceptance and technological changes,
risks associated with dependence on licensees and key licensees, risks relating
to international operations, risks associated with competition and other risks
detailed in the Company's filings with securities regulatory authorities. These
risks may cause results to differ materially from those projected in the
forward-looking statements.





                      This information is provided by RNS
            The company news service from the London Stock Exchange