News that Parlay Entertainment is to be acquired by a company run by Sportingbet founder Mark Blandford is yet more proof that a wave of mergers and acquisitions is going to typify the online bingo industry throughout 2008.
Parlay Entertainment are a provider of online bingo games software to a number of UK online bingo halls and the company was recently granted a license by the UK government to operate in the UK online gaming industry.
The company that is to acquire Parlay is a Barbados-based operation called PEIC Acquisition Corp. It’s a company specially set up to invest in online gaming-related companies, so expect to hear more from this outfit as the year progresses – especially since the mercurial Blandford is running thing there.
PEIC obviously have a bullish attitude when it comes to online bingo in the UK to be making this acquisition. This is a good indication that the online bingo industry is in good shape for the future and we should see more investors turn their eyes in this direction as the year progresses.
Written by Bingo Lady
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