But a healthy stable of licensees augers well for the future

Tough economic conditions, restructuring and industry consolidation moves that impacted licensees meant that online bingo software provider Parlay Entertainment "generated very little return from this significant investment in 2009, resulting in a substantial loss and cash burn."

If you thought that the last quarter of 2009 was a bumper period for new game releases, you'll be even more impressed with the wide range of new offerings that online gambling software developers have pushed out since February this year.

Online gambling software developer Wagerworks is to provide the Canadian software provider and bingo specialist Parlay Games Limited with a range of games to expand its player offering. Wagerworks' RGS technology will ensure a clean integration with Parlay's managed service and remote gaming solution, Parlay Game Services.

Online gambling software developer, Parlay Entertainment which is focused mainly on the online bingo market, has reported disappointing third quarter 2009 losses, with revenues declining to $800,000 compared to Q3,2008 when these were $2.5 million, generating a $600,000 loss (Q3,2008: net income of $600,000).

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.