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Revenues up at Parlay
Despite a 16 percent growth in half yearly revenues, Canadian bingo software provider Parlay Entertainment had to report a loss of US$8 546 this week, thanks mainly to an 18 percent dip in royalty income and rising operational expenses. The company has also just settled a patent dispute with 1st Technologies LLC for an as yet undisclosed sum which will probably impact the bottom line in the second half of the year.
Revenues for the first half of 2008 reached $4 626 120, up 16 percent on H1 2007 as a result of increases in income from software licensing, but an 18 percent decline in royalty income, allied to a similar increase in operating expenses, eroded the positive result.
The positive revenue numbers in the second quarter this year were also enhanced by an undetailed increase in cash flow and revenues from what the company termed a "divestiture transaction”.
CEO Scott White said that the company was looking forward to adding to its existing licensee base following the release of Parlay 5 - the latest generation of its bingo software platform. "As operators become more competitive, require true differentiation and demand increased player liquidity across multiple languages and currencies, Parlay's latest technology offering will become the industry standard”, White opined.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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