Update: Asset Sale Done in Parlay Entertainment

Assets go to M Projects

This week's news involve reports that online gaming technology developer Parlay Entertainment has finalized the sale of a majority of Parlay's assets to M Projects Assets S.A. (MProjects), which "was the original stalking horse bidder and the lending party to a previously announced Credit Agreement".

The court-set bidding deadline was July 18, but no alternative bids resulted from the aggressive sales and marketing, so the transaction had to be closed on September 1, 2011.

Based on the deal, MProjects is to operate, invest in and grow the Company which will continue to operate under Parlay Games and Parlay Entertainment titles. In addition, Parlay's board of directors will go forward with a liquidation proposal as well as a partial revocation of a cease trade order, which it claims has a significant impact on the trading of its shares.

Bingo Software Bingo Society News General Bingo News

Login to post a comment:


Click Here to register a new account

What's going on right now!

4mins ago someone from us flag United States read article GBP 10 Million invested by Tipp24 for Major Stake in Roboreus

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h


  • New Members
  • Members Online
  • Guests

eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus


Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+

You have been successfully subscribed to receive LBB newsletter!