Nambling Notes - May 22, 2008

Parlay Entertainment (Toronto: CAN 65 cents / + CAN 6 cents / + 10%)

In shifting its business toward serving regulated markets exclusively, Parlay Entertainment Inc. has sold an undisclosed number of "non-core assets" for $2.81 million.

Non-core assets, the Toronto-based company said, include licensees that operated in non-regulated jurisdictions. It said it stopped generating loyalty revenue from these assets from May 1, 2008.

In a prepared statement Thursday, Parlay said it would no longer license its software to gaming operators operating within non-regulated jurisdictions.

"Parlay's management has been mindful of the uncertainty created by recent legislative changes and as a result, has reviewed both the composition of and jurisdiction which are the focus of its existing customer base," said Scott F. White, the company's chief executive.

Probability (London: 58p / + 1.50p / + 2.65%)

Probability has inked a deal with Three, the mobile network operator, which sees a link to its mobile bingo and slots offering, Ladyluck's, preinstalled on two million of Three's handsets.

"What's interesting about this whole (mobile) space is the speed with which people replace their handsets is quite scary," Charles P. Cohen, chief executive of Probability, told Interactive Gaming News. "So, we expect it to be fairly quick in getting the phones out to the customers."

While the deal is exclusive for Three, Probability is free to negotiate similar arrangements with other mobile network operators -- a prospect which Mr. Cohen said the company is sure to pursue.

"It doesn't make sense for them (Three) to have more than one gaming partner, but a customer on T-Mobile is not going to be a customer on Three," he said. "So it doesn't make sense to restrict yourself to one network."

Three, owned by Maidenhead-based Hutchison 3G UK Ltd., serves over four million customers in the United Kingdom.

Svenska Spel

The Swedish government is "open to selling off parts the Svenska Spel gaming monopoly to other actors in the market," reports The Local, a Sweden-based, English-language online daily.

While further detail could not be gleaned, the news follows the April departure of Chief Executive Jesper Kärrbrink, and the more recent defections of two divisional managers, Mathias Hedlund and Annica Axelson.