With more than two rival offers being made for the online gaming software company, Parlay Entertainment, the company has now become a popular choice in the acquisition market. This is mainly because of the C$12.3 million bid that was placed by PEIC for the Canadian developer.

 

Parlay Entertainment is a company that offers both online bingo games and online bingo software, as part of its list of products, to online gaming companies. The company now states that it has two other bids that are being made from other companies that are interested in purchasing ownership of the company.

 

However, the names of these interested companies have not been disclosed by Parlay so far. But they have mentioned that the bids are basically ‘superior’ than the bid placed by PEIC.

 

Parlay Entertainment is now undergoing negotiations with these new bidders so that they can conclude the transaction by the end of the month of February. However a spokesman from Parlay has mentioned that there is no assurance that the agreement will be entered into

 

This is not because of negotiations nor that will the proposed transaction be approved by the shareholders of the Parlay Company. It is because Parlay has a white list status in UK that it is permitted to advertise bingo online products in the UK free online bingo market.

Bingo news from bingo reviewer.

The LizTech bingo fundraiser was held at Portland Hook and ladder Company No. 1 on Saturday Feb. 16, 2008. A total of 182 men and women had participated in the event where instead of competing for money, the people here were competing for pins from LizTech.

 

It was in 1984 that the jewelry store and craft studio LizTech was founded on Crystal Street of East Stroudsburg, across Danbury Depot. Jill Elizabeth, a jewelry designer had founded it with her husband and business partner, Scott MacLaren.

 

A handful of artisans work at creating the jewelry sold here in a studio found above the showroom. The pins offered in the fundraiser were not made from expensive materials; however they were made from exquisite designs and craftsmanship with each piece costing between $40 - $100.

 

People always wait for hours for their annual half price sale, the Tea Party what is organized in November. So one wonders why they linked up with a volunteer fire company to organize a fundraising event of bingo.

 

It was the husband of a regular customer Nancy Knott of LizTech who thought of the idea. Steve Knott is a firefighter and since his wife loved LizTech jewelry, he thought they should organize a round of LizTech bingo to raise money for the operating costs of his volunteer fire company.

 

This company has no endowment and receives no money from the state. However it did receive $59,000 from the US Department of Homeland Security last year; but their regular method of raising money is through weekly bingo games.

 

LizTech bingo was a success where each participant paid $25 in advance and $30 at the door for a chance at winning a pin. With this bingo game, the fire Chief Jim Potter estimates that they had made $3,000.

Bingo news from bingo reviewer.

The UK government has long been urged to remove the value-added taxes it has placed on bingo games. However one of the constituents of Exchequer Alistair Darling has given a boost to this campaign.

A bingo caller at Darling’s Mecca club of Edinburgh, James Cook had sent a petition to Prime Minister Gordon Brown’s website, asking for British bingo to be saved by ending the double taxation the bingo industry faces.

Companies like Gala Coral Group and Rank Group who owns Mecca complain that they have to pay a 15% tax in addition to VAT of 17.5%. This has led to the closure of ninety clubs in the past two years.

It is rumored that Darling may discuss gaming duties in his annual budget statement scheduled for March 12. Cook had mentioned in his email that if the government did not abolish VAT on bingo in the forthcoming budget, more bingo clubs will have to close down. So far, this petition has received 903 signatures.

With this closure, not only will many communities of people be deprived of a social deviation, British taxpayers will be at a loss with the loss of jobs, local business rates, other taxes and capital investment.

Campaigns have been going on since the past five years to persuade the government to ease taxation on the industry saying that bingo is different from other forms of gambling as it is considered to be more of a social event and time pass for many people. In fact, to many old people, bingo is the only entertainment they have in a day!

Bingo news from bingo reviewer.