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PARLAY SHEDS NON-CORE ASSETS

Top Canadian online bingo software developer and provider Parlay Entertainment Inc., has announced the completion of a series of transactions which provide for the divestiture of its non-core assets. The total consideration to Parlay from the divestiture is USD$2 810 000 and the initiative mainly involves US-facing licensees recruited prior to the enactment in October 2006 of the Unlawful Internet Gambling Enforcement Act.
 
Parlay's statement explains that since early 2005 the company has increasingly diversified in non-U.S. regions such as the U.K. and Europe. As a result, certain assets which include licensing arrangements with what the company describes as "legacy" customers in non-regulated jurisdictions have become less important.
 
Accordingly, the company has, from May 1 this year, shed these assets and agreements and will no longer offer its software to gaming operators who do not operate within regulated jurisdictions.  The divestiture includes the sale of some software license agreements, as well as the sale of non-exclusive, limited and personal rights in some of Parlay’s older software technologies together with a commitment that Parlay provide limited support arrangements during a transitional period.
 
The sales have garnered a total of just over USD$ 2.8 million, and the company will no longer accrue royalty revenues from the sold assets. Royalties earned up to May 1 2008 will be payable under regular commercial terms.
 
Parlay CEO Scott White comments: “Parlay’s management has been mindful of the uncertainty created by recent legislative changes and as a result, has reviewed both the composition of and the jurisdictions which are the focus of its existing customer base.
 
"The divestiture of these assets provides excellent value for Parlay’s shareholders while at the same time allowing Parlay to focus all of its future efforts on the development, marketing, licensing and support of Internet gaming technologies into regulated jurisdictions”.
 
Some of the world's most recognisable bingo brands are powered by Parlay, including Virgin, Yahoo!, Paddy Power, Bet24, NetPlay TV, Bingos.com and the St. Minver bingo network. 



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Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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