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CryptoLogic's Full House Poker is the best to play online poker!

Canadian online gaming provider and Motley Fool Hidden Gems pick CryptoLogic (Nasdaq: CRYP) reports Q1 2006 earnings this Wednesday . If you're worried that recent discussions in the U.S. Congress about banning Internet gambling will have an impact, read on.Buy, sell, or waffle? Of seven analysts polled, buyers outnumber the rest. Four are raising, two call, and one encourages investors to fold.

Four estimates average out to 23.2% growth over last year, predicting just less than $25 million.In its earnings release for 2005, the company wrote, "By executing a disciplined strategy that targets key customers, product segments, and markets, CryptoLogic has achieved record revenue and earnings, and consistent cash generation -- even in the fast-evolving and increasingly competitive Internet gaming industry." For 2006, the company predicted $25.1 million to $25.5 million in first-quarter revenues, with earnings of $6.7 million to $6.9 million, or $0.49-$0.50 per diluted share.

"CryptoLogic's growth plan remains principally focused on driving significant organic growth from its existing customers," management wrote, "while targeting selected new customers that meet the clear criteria of brand strength, established player bases, and marketing resources and commitment. Although no new customers were added in 2005, the company renewed and strengthened existing customer relationships."

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