Now, while Longley may be adamant that this won’t affect their finances, if it does, this could create more than a few problems for Parlay Entertainment. Profits are reportedly down, for the first half of this year. Word is, during the first 3 months of 2009, revenues were down by 70%. Despite cutting back operating costs by more than half a million. Net losses this year, being more than half a million to date. So, the company could probably do with some good news right now. Although they do not have any debts, and also have about two million dollars in the bank.
Earlier this year, Parlay also lost Paddy Power and Virgin Bingo, to another rival bingo network, Virtue Fusion. It seems that the boss at Parlay is in complete denial, as well as the company president, and CEO, Scott White. As far as White’s concerned, the St Minver network only represents a marginal percent of their portfolio, stating they were presently, “one of Parlay’s smallest customers”. While also stating, like the boss, the impact of this would have “no material impact” on the company. White was not forthcoming with exactly what kind of percentages were are talking. For some reason…
This was an article by Lisa for Bingo Faces on the Independent Bingo Network




