888 Gaming Revenue Rises Again

Online gaming firm 888 said on Wednesday the first quarter of 2008 started well with a 38% rise in net gaming revenue and growth has continued into the second quarter, driven mainly by casino and online bingo hall.

It said net gaming revenue, a key performance indicator, rose to $64 million from $47 million in the same period of 2007 and was up 3 percent on the previous quarter. Last month, Chief Executive Gigi Levy said he hoped the company would achieve 30% revenue growth for the full year, helped by its new sports betting and bingo sites.

"Our various business of bingo numbers initiatives are progressing well and we are therefore confident in delivering future growth during 2008," Levy said in a trading statement on Wednesday. Total operating income rose 41% to $66 million from $47 million a year earlier.

Parlay Entertainment Bingo Software Nominated for Awards

Parlay Entertainment Inc., the world's leading supplier of Internet and TV bingo software solutions, has been nominated for two awards that recognize excellence in bingo software in the lead up to the first-ever Internet Bingo Awards. The awards take place in conjunction with the Annual Online Bingo Summit in London, June 17 and 18.

Parlay has been nominated in the Best Online Bingo Software category for its industry-leading product, Parlay 4, and in the Best Online Bingo Cards Innovation category for its patent-pending side game, BingoBets. The nominations were suggested by a panel of seven recognized industry experts who selected the categories and chose the nominees for each category.

The Parlay 4 bingo platform has virtually set the standard for excellence in online bingo software with other UK bingo developers emulating its layout, features and functionality. Parlay 4 was the first bingo software to introduce tabbed components, a larger chat area, auto-purchase and multiple ways to select bingo cards.

Parlay 4 also introduced the world's first bingo side game, BingoBets(TM), which allows players to place up to nine different wagers on every bingo game they play. The game offers increased excitement because fortunes change with every number called. It also adds visual flair, offers more chances to win and increases bingo revenue for operators.

Steve Cook, MD for Parlay Entertainment, said: "The Bingo Awards are in recognition of the phenomenal growth of the online bingo game industry and an acknowledgement of the key players that aspire to be the best of the best, and stand out from the rest! At Parlay, we continually strive to provide innovation on a quality software platform for our customers. Launching BingoBets is a another example that we are meeting the needs of our licensees."

Source:http://www.gamblingplanet.or

BINGO IS THE BEST WAY TO WIN A MILLION

A Cambridge University mathematician claims punters should go "eyes down" at the Bingo palace hall for the best chance of winning a million pounds.

Researcher Dr Oliver Johnson claims the National UK Bingo game, when the country's bingo clubs share an evening link-up, gives you a 200,000-1 chance of becoming a millionaire.

More obvious routes to fortune - such as the Lotto or game shows like Who Wants To Be A Millionaire? - were much less likely to result in a jackpot win, he said. The probability researcher worked out the odds on a £10 bet placed on various gambling formats. Camelot's National Lottery Lotto draw came out with odds of 1.4m to one to earn a million. And ITV1's Who Wants To Be A Millionaire? quiz show fared even worse with odds put at 1.5m to one, according to Dr Johnson.

Just behind online bingo came sports betting, which generally provides punters with 247,596 to one odds of becoming a millionaire.

The weekend football pools provided comparably middle-of-the-road odds of 639,685 to one.

So you've come to the right place!

Source:http://www.onlinebingo.co.uk