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Italian Deal For Parlay

The Italian gaming service provider Microgame S.p.A. is partnering with Canadian bingo software developer Parlay Entertainment
 
Each network will be powered by an Internet platform that combines Parlay's Internet bingo, casino and other soft game products with Microgame's existing game management and administration infrastructure.  Microgame currently offers sports and poker wagering in the tightly regulated Italian marketplace and is authorised by the Italian Ministry of Economy and Finance – Autonomous Administration of the State Monopolies (AAMS).
 
The company is an Italian market leader in remote gaming and at present, manages more than 750 000 online gaming accounts.  In 2007 Microgame generated gaming turnover exceeding Euro 440 million and proceeds of more than Euro 15 million.  The English FSA regulated private equity fund Cambria Ltd. recently became investors in Microgame together with other institutional investors.
 
The first network to be launched will offer online bingo to the Italian marketplace, once the Italian government has added bingo to their list of regulated Internet games, which Microgame anticipates will occur in Q1 2009.  A second network, most likely to be based in Malta, is targeted for launch in Q2 2009 and will offer the games to an international marketplace.
 
Scott White, Chief Executive Officer of Parlay Entertainment, said: "We are delighted to partner with Microgame to offer our leading edge games in Italy, which will be a new regulated marketplace for Parlay and for bingo.  We view the opportunity with Microgame, making use of their existing relationships, infrastructure and large customer base in Italy, as an excellent way to enter this new market for bingo."
 
Fabrizio D’Aloia, Managing Director of Microgame, said: "Microgame is honoured to collaborate with Parlay, the first commercial supplier of Internet bingo software in the world, as its partner for the Italian market.  The agreement will allow Microgame to offer Italian gaming operators served by it the opportunity to immediately enter this new market as protagonists and with success by combining the powerful characteristics of Parlay bingo with the functionalities of Microgame’s regulated gaming service provider.”
 
"Parlay has been a first mover and market innovator in Internet bingo for more than 10 years,” added Mr. White.  “We have been and will continue to be committed to the growth of bingo in new regulated marketplaces, particularly in Europe.  The opportunity to participate with an experienced, regulated and credible operator in Italy will help Parlay accelerate our time to market.”

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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