Online Bingo Software Developer Reports Drop in Revenue

December 19, 2007 · Tagged: Online Bingo

One of the leading online bingo software development companies, Parlay, has reported that it has experienced a significant drop in revenue in comparison with figures released for the previous year, 2006. However they are insisting that the future for online bingo software development still looks bright.

Although the drop in revenues is between 13 – 24% when measured against the same period in the last financial year, this was attributed to the impact on specific licences that the changes in ecommerce business models has brought about, they do not have any major concerns.

With the advent of newly signed online bingo operators to their bingo network, this has partially offset much of the loss. The Chief Operating Officer of Parlay, Scott White has reported that the new licencing arrangements are operating well and generating significant revenue for the company and with other expected income from future significant arrangements they do expect royalty revenues to grow during the next quarter and continue to grow into the future.

Brand name companies are still exploring the viability of becoming online bingo operators and Parlay have an growing list of UK and EU customers who are interested in entering into licencing arrangements with the company.