Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Software Developer Has Choices

Parlay Entertainment is a well known and respected online casinos software development company providing services to many popular internet gambling sites. In recent months though, Parlay has entertained an offer from PEIC Acquisition to purchase the company for roughly Cdn $12.3 million. Parlay’s exclusive consideration though ended a few weeks back and now it seems two other unidentified online casinos gambling related companies are interested in the company.

Parlay’s shareholders now have three competing offers on the table, and though the company has not released which others in the online casinos industry have sent written offers, Parlay did note that the new offers are superior to the Cdn $12.3 million offered by PEIC. Preliminary statements indicate that the new offers could pay as 25 cents more per share.

Parlay is still actively involved in the online casinos gambling industry and there is no indication that the company and shareholders will actually accept any of the three offers that are currently on the table. A spokesperson for Parlay comments on precisely that point, "There can be no assurance that any agreement will be entered into as a result of the negotiations around any expression of interest received by the Company, nor can there be any assurance that any proposed transaction will be completed or approved by the shareholders of Parlay."

And though there is still skepticism about whether the company is actually going to approve any deal from online casinos and acquisition companies. To that end though the company has opened up a data room for two more weeks so that interested companies can conduct due diligence.