11:47 AM EST - CryptoLogic Ltd. : said that it expects third quarter revenue of about $9.6 million, and a trading loss of about $3.4 million. The company noted that uncertain macroeconomic conditions and sluggish wagering activity across the industry continued in the third quarter, contributing to a significant decline in wagering volumes at CryptoLogic in both casino and poker compared with the previous year. As most of the new games scheduled for the quarter were not launched by customers until late in the period, revenue from these will only start to come through from the fourth quarter of 2009, the company said. CryptoLogic Ltd.
shares T.CXY are trading down $1.35 at $5.20.
