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Parlay Entertainment Sells Off Assets

Online gambling developer Parlay Entertainment has announced that it has sold a majority of its assets to M Projects Assets S.A. (MProjects) in a deal which was completed on September 1st.

The financially strapped company earlier had received CDN $500,000 in credit financing from MProjects, and shared that MProjects "was the original stalking horse bidder and the lending party to a previously announced Credit Agreement".

Parlay Games and Parlay Entertainment will continue to operate, with MProjects saying they are committed to investing and growing the Canadian based bingo company.

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