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Gambling: ParlayEntertainment revenues plummet 93 percent

9/9/09 - Candian bingo software developer Parlay Entertainment is experiencing tough times, judging by its latest financial disclosures, which reveal that the firm has sustained a 93 percent drop in revenues in Q2 2009 compared with the same period in 2008.
 
Second quarter revenues sank to $696 649 (Q2 2008: $2.38 million), bringing half year 2009 revenues down 55 percent to $1.62 million.

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Unaudited net income for Q2 2009 showed a loss of $500 372 compared to the same period last year when net income reached $267 532 . Parlay revealed it was in the red $673 974 over the first half of 2009.
 
The software company has total current assets of $3.11 million, down 23 percent year-on-year from $4.05 million last year, while Q2 EBITDA recorded a loss of $645 954 (Q2 2008: $507 651). The first half numbers were even gloomier, showing EBITDA of -$886 203 (H1 2008: $145 096).
 
On the positive side, Parlay managed to cut Q2 expenses by 28 percent to $1.35 million due to ‘reduced compensation expenses together with the absence of certain non-recurring expenses from the second quarter of 2008’. At the half-year mark, expenses were $2.53 million - down from $4.17 million last year and for the same reasons.
 
“Throughout our second quarter, we continued to make a significant investment in the establishment, development and organisation of our managed solutions offering in Alderney and Canada through Parlay Games Services,” said Scott White, Chief Executive Officer for Parlay.
 
“The remaining months of 2009 will be used to aggressively expand that service through the addition of new customers and brands across multiple languages and currencies.”



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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