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% drop in revenues in Q2,2009 compared with the same period in 2008.

Parlay Entertainment Inc., the Canadian provider of Internet and TV bingo software solutions, has achieved a full e-gambling licence from the Alderney Gambling Control Commission and opened up a subsidiary branded Parlay Game Services on the island, situated in the English Channel.

The Canadian Internet bingo software developer Parlay Entertainment has reported another disappointing quarterly result in its numbers for Q1,2009, with revenues declining to $1 million (Q1,2008: $2 million).

Internet and television bingo software developer Parlay Entertainment and Entraction Operation Limited of Malta, an online poker network group, are to combine their experience and operational strengths to launch a European-facing online bingo network.

The Canadian Internet gambling software developer Parlay Entertainment has teamed up with independent slot games innovator NextGen Gaming (Pty) Limited to widen the range of Flash games in its offering.

Parlay Entertainment is making all of its popular side games available in the embedded mini-game format, which allows players to play mini-games within their bingo game window, the company announced this week.

Parlay Entertainment, a well established software developer and provider of Internet and TV bingo software solutions, has launched ParlayGames, which it describes as "a unique packaging of some of the world’s most profitable and best performing slots and side games."

Canadian online and television bingo software provider Parlay Entertainment Incorporated has become the latest Internet gambling software provider to acknowledge the remote gambling patents of Scott Lewis's company 1st Technology LLC. In an announcement this week, Parlay revealed that it has signed an agreement with 1st Technology to settle an ongoing patent infringement case.

Canadian and UK based Parlay Entertainment Inc. signed up Smart TV Broadcasting Ltd for its interactive Internet and television bingo initiatives this week, opening the way for bingo action on Smart Live Casino, one of the newest and fastest growing live interactive casinos, broadcasting on Sky Channel 869 and Freeview Channel 22.

Parlay Entertainment is a gaming development company that is a world leader in licensing and developing Bingo software. It claims to be the first company to have launched and operated a commercial Bingo game on the Internet. In fact, the company holds a patent for operating online Bingo games.

The fact is that Parley powers the most number of Bingo rooms in the world, a feat that makes it a leader in the true sense of the word. Parlay Entertainment is based in Canada and is a publicly traded company on the Toronto Stock Exchange. The company has offices both in Barbados and Canada.