CryptoLogic Limited (USA) (NASDAQ:CRYP)

QuixoticGuy (96.75) Submitted: 3/29/2008 5:53:49 PM : Start Price: $16.89 CRYP Score: -85.61

I went bull on this for some reason...

Well, online poker is dying about as quickly as it came to life a few years ago. It is getting increasingly difficult to use online funding methods as well, and they seem to be getting more expensive (at least my options as a Canadian seem to indicate, the cheaper money transfer services online seem to not offer services to Canadians).

Since the whole no online gambling thing in the US happened, whatever poor rationale led to that decision sparked a series of negative events (like numerous individual sites and services no longer offering services) which have made online poker far less lucrative, and more difficult, timely and costly to execute.

My personal contention with Crypto is that they aren't that high up on the online gambling food chain as it is. I've heard nothing but negative comments about them from others, but what I've heard is in fact so negative that I don't even believe these things to be true.

Of course the online gambling is certainly not limited to poker, the online gambling movement may simply be moving away from poker and into other gambling activities like sports betting.

I'll never put any real money on this one... but I'll be watching.