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Parlay Acquirer Succeeding

NetPlay has released the company’s first quarter results for the year and it’s looking to be a successful year already. The online casinos and bingo gambling industries excelled in the first quarter of the year, so the success of the growing gambling industry, coupled with strategic investments the previous year bode well for continued stability into the rest of 2008. NetPlay specializes in interactive television, but the company diversified it’s offerings into the online casino gambling sector of the gaming industry with the acquisition of Parlay Entertainment – an internet bingo software developer.

The previous year was very lucrative for the company with several varied acquisition which are now beginning to payoff. In addition to Parlay, NetPlay acquired an actual online casino bingo gambling site, Bingos.com. The current CEO of NetPlay, Martin Higginson, comments on the latest results report released, “It is extremely encouraging to see the strategic investment decisions we made in 2007 beginning to show excellent results in 2008. We firmly believe in the future commercial strengths of a converged gaming offering.”

Convergence and integration seem to be the name of the game in the online casinos industry. The more a company is diversified the more chance it has to weather some of the down periods and slumps that are inherent to any industry. As for the specifics of NetPlay’s 2007 growth – the recent figures indicate a 62 percent growth in the company over throughout 2007. The current company strategy now includes cultivating the new acquisitions rather than specifically seeking to acquire new companies.