Electronic bingo company GameTech International Inc. is asking a bankruptcy court to approve bid rules that name its secured lender as the lead bidder at an auction next month, Dow Jones DBR Small Cap reported today. Yuri Itkis Gaming Trust's bid for GameTech is a credit bid, which exchanges the $16 million GameTech owes the trust for all of GameTech's assets and provides an additional $2.5 million in bankruptcy financing to keep the company running during its chapter 11 case.
