International edition
June 24, 2021

They have agreed to modify certain business terms of their license agreement

CryptoLogic reaches settlement with Marvel

(US).- Further to the announcement of April 19, CryptoLogic announced that its wholly owned subsidiary, WagerLogic, has reached a settlement of its arbitration with Marvel relating to the licensing of Marvel comic book characters.

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agerLogic and Marvel have agreed to modify certain business terms of their license agreement. They both expanded the platforms to include mobile, and government licensed in-hotel room systems;  they allowed for the creation by WagerLogic of wagering games based on Marvel's top team of Super Heroes, The Avengers, in addition to Spider-Man, Fantastic Four and the other characters already included in the license.

Besides Marvel and CryptoLogic have extended the relationship by 12 months through January 2014; and agreed to make the agreement non-exclusive at a reduced cost to WagerLogic.

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