Parlay Entertainment reports fantastic increases in operating expenses for the first half of the year and a sharp decline in the royalty revenues. Company’s revenues for H1 came in at a 16% increase over H1 of 2007. But because of the decline of royalty revenues, Parlay had to announce losses amounting to $8,546. In case Parlay continues to build its stable of online casinos and bingo gambling site licensing the software, the company is believed to overcome its loss in the second half of the year.

The recent settlement of Parlay with 1st technology cannot but affect the company’s bottom line, especially when it comes to reporting profits for the second half of 2008 and the entire year.