Progressive Gaming International filed in Las Vegas for Chapter 7 bankruptcy. The slot manufacturer had sold most of its assets to International Game Technology (IGT: 15.02 0.00%) in January.

The IGT purchase had left Progressive with no means to continue production. The sale included US and foreign assets, and also included the rights of financier Private Equity Management.

Progressive had been at one point the largest casino provider of slot machines in the world, a mark now arguably held by IGT.

After last year’s second quarter, Progressive still reported assets of $63.8 million and debts of $61.2 million. The bankruptcy filing declares assets of $263,600, and debts of $5.6 million.

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