Parlay Entertainment and 1st Technology

Canadian online and television bingo software supplier Parlay Entertainment Incorporated has turned out to be the newest Internet gambling software supplier to allow the remote gambling exclusive rights of Scott Lewis's company 1st Technology LLC. In a statement this week, Parlay announced that it has contracted a deal with 1st Technology to resolve a continuing exclusive rights violation case.
1st Technology carried out the action in opposition to Parlay, emphasizing patent rights for technology that augmented interactivity and optimized the release of high quality multimedia information through a variety of bandwidth networks.

1st Tech has therefore filed a Stipulation and Order of Dismissal with the United States District Court for the District of Nevada, and the classified contract includes a requirement whereby neither party acknowledges legal responsibility. The deal is relevant to all of Parlay's direct and indirect software licensing performances up to the date of resolution.

"Given the cost of exclusive rights proceedings, we concluded that it would be a discreet corporate action to discuss on a resolution with 1st Technology,” explained Scott White, Chief Executive Officer for Parlay. “We are happy to have reached an agreement which supply us with confidence.'

In a mutual announcement, 1st Technology explained: "We are satisfied to have this argument with Parlay determined and expecting to work with other top companies to support accomplishing compatibility with 1st Technology's academic areas.”

Some main companies have been approach by 1st Tech in defense of its patents, and have consequently reached agreements with the company. Maybe the most public case was 1st Tech's clash with Calvin Ayre's Bodog group, which concluded in a default judgment of $48 million in opposition to Bodog and the exclusion of its domains and brands. This caused long-drawn-out and heated public blog exchanges among the CEOs of the 2 companies.

Casino News: Parlay Entertainment and 1st Technology

Parlay Entertainment and 1st Technology