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Parlay Entertainment completes sale of assets

5th September 2011 9:30 am GMT

Online bingo platform provider Parlay Entertainment Inc. has completed the sale of a majority of the company‚Äôs assets to M Projects Assets S.A, the original stalking horse bidder and the lending party to a credit agreement with Parlay earlier this year.

In conjunction with its trustee BDO Canada Limited, Parlay said that despite a rigorous sales and marketing process, no alternative bids were received within the court ordered bidding deadline of July 18th.

Earlier this year in May, [...]

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