Battling online gambling technology and games provider Cryptologic has announced that it has appointed Deloitte Corporate Finance as an independent financial adviser to assist it with a strategic review of the company and its future strategic options….and it appears that a sale is one of the possibilities facing the industry pioneer.
“This review is at an early stage and will consider a number of strategic options, including the possibility of an offer being made for the company or a disposal of part of the business,” the statement informs interested parties.
“The Board wishes to stress that there can be no certainty that any offer will be forthcoming.”
The statement gives an undertaking to shareholders that they will be kept informed of developments.
Earlier this week Cryptologic posted another disappointing set of full year and Q4 results .