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Parlay Entertainment recently released the company’s full year reports for 2009 and the results were pretty lackluster considering the amount of money that the online casino bingo software development company has invested in structural expansion. Parlay is a Canadian based company that operates some of the top online bingo software in the market. Market conditions over the past year have significantly changed, however, and Parlay was left with some hefty losses to report for the fourth quarter of 2009 in particular, although revenues were also down for the entire year. Parlay has noted that the online casino bingo group did so poorly because of consolidation in the bingo sector that meant fewer licenses.

The factor of fewer online casino bingo licenses is certainly a big part of the revenue losses for the whole of 2009, but Parlay has also noted that the company received almost no return on its investment in building up bingo gaming platforms aimed at Alderney and North America. These online bingo platforms have been developed using a significant portion of Parlay Entertainment’s resources – both financial and personnel-wise but the sheer amount of consolidation between internet casinos and bingo sites has meant that very few new bingo sites were launching.

To this end though, Parlay’s full year report did note that the company anticipates that revenues will increase in the coming year and that the online casino bingo software development group is already seeing a decent rise in the number of licensees for the bingo platform. Although Parlay’s year-end results left a lot to be desired, the company feels that it is primly positioned to perform well in 2010.