Nambling Notes - June 10, 2008

Betbrokers (London: 0.40p / - 0.27p / - 40.30%)

Betbrokers, a betting brokerage and online gambling operator in London, said it is unlikely to meet market expectations for the fiscal year ending Dec. 31, 2008.

The company said that "a lack of funds in the clearing house account has severely restricted the amount of bets that can be taken."

Wayne Lochner, the company's chief executive, said the lack of funding has had a "detrimental impact" on the company's United Kingdom operation.

However, Winning Edge, Betbrokers' United States subsidiary, continues to trade in line with expectations, it said.

Parlay Entertainment Inc. (Toronto: 66 Canadian cents / No Change)

Parlay Entertainment Inc. has agreed to supply its bingo software solutions to Sweden's Tain, which plans to launch a bingo network targeting various European markets.

Tain, a poker and casino network operator, said Tuesday that two of its existing clients, Expekt.com of Sweden and Chilipoker.com of Costa Rica, will join the bingo network initially, to be followed by others.

"Tain has established a very strong poker network model and they see many of their brands ideally suited to leverage a bingo network and reach a new demographic," said Steve Cook, Parlay's European managing director.

International Game Technology (New York: $33 / - 31 cents / - 0.93 percent)

IGT-UK Gaming Ltd., the United Kingdom subsidiary of International Game Technology, has acquired Million-2-1, a mobile gaming company in Manchester, England.

The acquisition sees Chris Sheffield, chief executive of Million-2-1, become a director of IGT-UK's remote gaming arm. As a director, Mr. Sheffield will manage IGT-UK's mobile gaming, Internet gaming and digital television interests.

Financial details were not disclosed.

International Game Technology last week agreed to acquire Cyberview Technology Ltd., a downloadable server-based gaming specialist, for $76 million.