Armory Securities, LLC Announces the Sale of the Assets of Aruze Gaming America, Inc. Guglielmo, Jr. Get the latest business insights from Dun & Bradstreet. The closure is expected to. The first of these was the departure of its US branch president Robert Ziems, which will occur at the beginning of. For a FREE sub to GGB NEWS use code GGB180. Voluntary Petition for Individuals Filing for Bankruptcy. To learn more about value investing strategies, attend the 8th Accredited Financial Analyst. Download Form (pdf, 695. The garnishment isn’t the only issue facing Aruze. Aruze bought SNK because they were already losing a lot of money by everything mentioned above. 29. In the official statement the company said: “Aruze has announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada. 2 billion Japanese yen (US$49,446,510) in damages. 23-10356-abl and is pending before the honorable Judge AUGUST B. Aruze Gaming America, Inc. While Play Synergy promised to minimize the. PHILIPPINE BRANCH Company Profile | Sto. ARUZE G. D & S ENTERPRISE LLC Court: Nevada Bankruptcy Court Chapter: 11 Case Num: 3:23-bk-50797 Filed: Oct 25, 2023 Entity: Corporation Business: Other: 11: 3:23-bk-50797: Oct 25, 2023: S VALLEY VIEW TWAIN, LLC Court: Nevada Bankruptcy Court Chapter: 11 Case Num: 2:23-bk-14672 Filed: Oct 23, 2023 Entity: Corporation Business:. ETG/ARUZE GAMING GLOBAL (Formerly Play Synergy) Empire Technological Group was founded in Las Vegas, Nevada in 2012, with an original emphasis on table-game products and technologies that have since been sold and implemented across North America in numerous markets and jurisdictions. By Persida Acosta. 23-10356). Track. A Chapter 11 bankruptcy case begins like any other bankruptcy, except that the debtor files a petition (called an "involuntary petition") with the court asking for relief under Chapter 11. Bankruptcy Courts. Play Synergy Nears Acquisition of Aruze Gaming Online Borgata Player Hits $2. Aruze is a Nevada-based, privately-owned leading manufacturer and supplier of gaming equipment,. S. The Muso Curve 43 and. Aruze Gaming (Aruze), a leading developer of gaming entertainment solutions for the global casino market, announced today that it has filed a Chapter 11 Voluntary Bankruptcy Code filing with the United States Bankruptcy Court for the State of Nevada. The Tyneside firm, which makes systems for the likes of slot machines and video jukeboxes installed in casinos, bars and clubs, gave an update to investors on the London Stock Exchange in which it said. (NYSE MKT: MGT), today announced that it and Aruze Gaming. We fully understand the implications associated with this action, but we believe this is the best way for. Purchasing Party: Matthew Zirzow. The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors: Claims Bar Date: August 5, 2022. 3% of people who file Chapter 7 bankruptcy are successful. Empire Technological Group, which does business as Play Synergy, announced today that it is acquiring the US slot machine operations of Aruze Gaming. (“Amuze”), a Dallas-based massage chair and hurricane simulato3 Feb 2023. C. Lists Featuring This Company. Aruze’s Global CEO, Yugo“Lessons Learned: Valuation and Bankruptcy Cases from the Past Year,” American Bankruptcy Institute VALCON 2012, February 22-24, 2012, Las Vegas, Nevada. District Court for the District of Nevada filed by Dana Welch. (Image: YouTube) The maker of the Roll To Win Craps machines also said that US branch president Robert Ziems is departing the company, and Global CEO Yugo Kinoshita will assume Ziems’ day-to-day responsibilities until a. 11-3 (incorporated by B. Questions about the article may be sent by SMS to 0917-505-0709 or emailed to efren@personalfinance. by Editorial staffClassified in: science and technology, economy Object: BANKRUPTCY Aruze Gaming (Aruze), a leading developer of gaming entertainment solutions for the global casino market, announced today that it has filed a Chapter 11 Voluntary Bankruptcy Code filing with the United States Bankruptcy Court for the State of Nevada. The bankruptcy petition for ARUZE GAMING AMERICA, INC. The operations and assets of Aruze Gaming America — a Las Vegas-based slot machine developer closing. S. IT IS FURTHER ORDERED that 118 Defendants Aruze Gaming America, Inc. For additional information, you may contact the Transcriber Access Transcripts, Telephone number (855) 873-2223. Bankruptcy Court District of Nevada, petition #23-10356-abl. Aruze Gaming once again demonstrates its unique strength for delivering the most innovative products to the global casino gaming industry. S. A report filed with the state suggests that Aruze Gaming America will close its main office in Las Vegas, six months after it filed for chapter 11 bankruptcy. The move would also give Play Synergy control of related sales, service, support and operations of Aruze’s slot route. This action is a part of Aruze’s. Armory served as exclusive financial advisor to Aruze in connection with the transaction. branch president. The biggest unsecured claim at that time of the bankruptcy filing was a forfeiture judgment, although few other claims for $1. July 20, 2023 - 3:24 pm Don't miss the big stories. Donald Trump has portrayed himself as a successful. The company's mission is to convert universally entertaining. "Bankruptcy" means, and a Stockholder shall be referred to as a "Bankrupt Stockholder" upon, (a) the entry of a decree or order for relief against such Stockholder, by a court of. Armory Securities, LLC is pleased to announce the successful sale of the assets of Aruze Gaming America, Inc (“Aruze”) via §363 auction under the U. After filing for bankruptcy and selling the intellectual property rights for most of the SNK franchises to BrezzaSoft, SNK Corporation officially ceases to be. This action is a part of Aruze’s efforts to seek financial restructuring in the wake of a recent garnishment judgment. Viviana Chan - November 22, 2023. S. Aruze Gaming files for Chapter 11 bankruptcy. Universal Entertainment Corporation v. An Empire Technological Group company, Play Synergy stated that its proposal to purchase the electronic game machine and online assets of Aruze Gaming America was also approved July 31 by the United States Bankruptcy Court. Announces Plan for Financial Restructuring. , in bankruptcy. Play Synergy also announced that the pending acquisition will. Universal Entertainment Corporation v. The numbers support that contention. The ‘088 patent was asserted against Aruze Gaming America, Inc. S. Aruze Gaming, a well-known casino games maker has quietly filed for Chapter 11 bankruptcy protection. Although the company's statement failed to 100% make clear which division is filing for bankruptcy. 2022) case opinion from the District of Nevada US Federal District CourtLAS VEGAS (PRWEB) July 17, 2018 -- Aruze Gaming America, Inc. com. In February, the business filed for bankruptcy in Nevada. Las Vegas-headquartered casino equipment manufacturer, Aruze Gaming America Incorporated, has reportedly accused Japanese gaming conglomerate Universal Entertainment Corporation of attempting to ‘destroy’ the reputation of its owner, Kazuo Okada (pictured). Restructuring to commence via Chapter 11 bankruptcy filing February 01, 2023 07:45 PM EST. In even more dramatic news, the firm announced that Aruze Gaming America is filing for bankruptcy. Aruze Gaming America, Inc. (the ?Bankruptey Code?), in the United States Bankruptcy Court for the District of Nevada (the ?Bankruptcy Court?), pending as Case No. Aruze Gaming, a well-known casino games maker has quietly filed for Chapter 11 bankruptcy protection. aruze gaming - intends to continue operating normally & utilize chapter 11 protections to provide for orderly consideration of relative rights of aruze's creditors, customers, & employees. NextGen simplifies electronic filing by combining ECF and PACER accounts into a single account. Aruze and Okada moved to dismiss the First Amended Complaint. The Second Amended Complaint is the operative complaint in this matter. S. The company said in a news release that the filing was part of its efforts to restructure financially because of “a recent garnishment judgment against Aruze resulting from a separate judgment against Aruze’s shareholder. The get the blame of the bankruptcy because they didnt wanted to invest money in the gaming side of the company, but IMO they werent the biggest reason why they went bankrupt, unless we consider a situation were other company bought them and they. District of Nevada - Document Filing System. Aruze Gaming America's impending closure was first reported last week by Las Vegas Review-Journal. Kelcey Allison, Global COO at Aruze, stated: "We are thrilled to. 62,000+ organization-specific pages. Casino slot machine and electronic table game supplier Aruze Gaming America Inc is due to close its Las Vegas, Nevada, headquarters next month and layoff 100 workers, according to a report from the Las Vegas Review-Journal. Las Vegas Review-JournalCorp. Aruze Gaming is a Las Vegas-headquartered developer of slot machines, famous for delivering thrilling games such as Go Go Claw, Shoot to Win Craps and Dazzling Muso Dragon, among others. The company filed it. 194 Case 2:18-cv-00585-RFB-NJK Document 194 Filed 05/08/20 Page 1 of 8 1 2 3 UNITED STATES DISTRICT COURT 4 DISTRICT OF NEVADA 5 6 UNIVERSAL ENTERTAINMENT CORPORATION, Plaintiff, 7 8 v. On July 18, Play Synergy announced it is to buy Aruze Gaming America’s slot operations, which includes its land-based and online gaming assets after Aruze confirmed it is closing its Las Vegas headquarters next month, with the loss of 100 jobs. Its voluntary petition is in the U. Aruze Gaming America, Inc. Interblock said the acquisition marks a significant. Aruze Gaming files for Chapter 11 bankruptcy protection . Restructuring to commence via Chapter 11 bankruptcy filing Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed. R. S. Aruze and Okada moved to dismiss the First Amended Complaint. Aruze filed a voluntary petition in the U. LAS VEGAS—FEB. Restructuring to commence via Chapter 11 bankruptcy filing. Good morning. Aruze Gaming has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada. S. Read More Vegas, Nevada. Pretax loss was GBP897,000, swinging from a profit of GBP399,000 a year ago, due to the impairment. Kazuo Okada is Aruze’s lone shareholder. " - Slogan SNK Corporation is a Japanese video game hardware and software company, founded on July 22, 1978 in Osaka, Japan. Meanwhile, Las Vegas-based automated table games developer Interblock USA expects to purchase Aruze’s table game assets for its. SCHWARTZ on behalf of OFFICIAL COMMITTEE. This is an Official Bankruptcy Form. According to the Las Vegas Review Journal, Aruze’s announcement was six months after the company filed for Chapter 11 bankruptcy protection. The Malta debut took place through a partnership with 1X2 Network. Restructuring to commence via Chapter 11 bankruptcy filing February 01, 2023 07:45 PM EST. Zhao on social media site LinkedIn today shared the news about her appointment, noting it “marks the start of an exciting new chapter”. The Second Amended Complaint is the operative complaint in this matter. PC in Herndon, Va. Aruze Gaming has filed for Chapter 11 bankruptcy, as part of a reorganization effort triggered by a garnishment judgment against a shareholder. When it is determined that the fishing is failed, the controller obtains the number of rotation of the operation unit until a predetermined time elapses from the timing at. Earlier in July, rumors suggested Aruze would close its Las Vegas headquarters, laying off approximately 100 employees. 23-10259, a motion to conduct an auction to sell. On February 1, 2023, AGA commenced a voluntary case under chapter 11 of title 11 of the United States Code, 11 U. In Monday’s release, Play Synergy said that the “strategic move” to acquire Aruze’s assets would allow Play Synergy to “assume control over. Gaming solutions developer Aruze Gaming announced Wednesday it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States. We are pleased to announce that Empire Technological Group d/b/a Aruze Gaming Global, formerly Play Synergy, has recently completed the acquisition of the electronic gaming machines, sales, operations and service from Aruze Gaming America, Inc. This transaction is expected to close no later than September of 2023. All change at Aruze. This article says they're closing shop on August 18th! But what does that mean for us craps players? Will all the bubble craps and RTW tables go away and we're stuck with those individual craps. branch president Robert Ziems. Aruze Gaming America, Inc. Under the protection of Chapter 11, Aruze Gaming America has the opportunity to reevaluate its operations and make necessary adjustments to ensure long-term viability. , Aruze USA, Inc. Marija Malenovic. Tumultuous Times for Aruze. Aruze and Okada moved to dismiss the complaint on September 6, 2018. The saga of alleged financial fraudster Greg Martel took another turn Thursday when Martel was put into personal bankruptcy during a hearing in B. SHARES. . Aruze Gaming America's President Robert Ziems stepping down Yugo Kinoshita, Global CEO of Aruze Gaming Group, will be taking on the interim responsibilities of. Good morning. Benefits of Chapter 11: Chapter 11 of the Bankruptcy Code allows this in the United States. After filing this petition, all creditors of the company are notified and appointed as committee members so they may participate in the reorganization process. The shutdown of Aruze’s Las Vegas headquarters will reportedly cause 100 employees to lose their jobs despite Play Synergy’s efforts to onboard as much of the staff as possible. Gaming solutions developer Aruze Gaming announced Wednesday it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada. Nev. Topics: Strategy;Just one day earlier, Play Synergy’s proposal to purchase the Electronic Gaming Machine (EGM) and online assets of Aruze Gaming America was approved by the United States Bankruptcy Court. et al, No. 8 million,” according to bankruptcy court filings. Meanwhile, Konami’s gaming arm saw a. Meanwhile, Las Vegas-based automated table games developer Interblock USA expects to purchase. Date Posted Title; 01/03/2023: Clerk's Reno Intake Office Opening at 10:00 AM – January 3, 2023:. , 2:19-cv-01657-RFB-NJK — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. LAS VEGAS--(BUSINESS WIRE)--Aruze Gaming (Aruze), a leading developer of gambling entertainment. Bankruptcy code. SNK Corporation (株式会社SNK Kabushiki-gaisha Esu Enu Kee) is a Japanese video game hardware and software company. Aruze Gaming files for Chapter 11 bankruptcy. VIEWS. . The Bravo product line consists of Bravo Pit, Bravo Poker, and Bravo Cage. The sale approval marks the latest announcement in what has been a year of upheaval for Aruze. Filed: January 15, 2021 as 3:2021cv00036. 43. 5594. #104 - 732 Cormorant St. The transaction is now expected to complete in the next month, with the acquisition providing Play Synergy with ownership and access to all of Aruze’s. At the time, Yugo Kinoshita, Aruze’s global CEO said the move was a “critical business strategy” and said it. (ZIRZOW, MATTHEW) (Entered: 02/01/2023) Meeting of Creditors 341 Meeting to be held on 3/9/2023 at 09:00 AM at Telephonic - Chapter 11 LV. Play Synergy announced plans to acquire the Aruze U. The shock news followed just one day after the departure of its US subsidiary president, Robert Ziems. 44. Aruze Gaming America has entered into a distribution agreement with Genesis Gaming Solutions to distribute Aruze Gaming’s casino gaming chips in conjunction with Genesis Gaming Solutions’ industry-leading Bravo system product line. and associates Kengo Takeda and Tetsuya Yokota. It also manufactures a variety of electronic gambling devices, some of them quite original. 6 million or less were also listed. Aruze, a casino slot machine and electronic table game supplier, is due to close its Las Vegas, Nevada, headquarters this month, and lay off 100 workers. Aruze’s American. (Image: YouTube) The maker of the Roll To Win. Aruze Gaming America has announced that it is filing for Chapter 11 bankruptcy in a bid to undergo a financial restructuring. Treasury) (Entered: 11/21/2023) Verified Petition for Permission to Practice in this Case Only by Attorney Not Admitted to the Bar of this Court. 02/23/2023: Mega Case Added – Cash Cloud, Inc. and Aruze Gaming (Hong Kong) Ltd. At the time, Yugo Kinoshita, Aruze’s global CEO said the move was a “critical business strategy” and said it had “no reflection on the health of Aruze”. Aruze Gaming America is located in Las. “Aruze, Play Synergy and all other stakeholders in the process, have worked exceptionally well together to. The game comes on the first day of the Global Gaming Conference in Las Vegas and will be available for sale in late Q1 2023. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009. While layoffs are often associated with such filings, Aruze Gaming America’s Chapter 11 bankruptcy protection may provide some relief to its workforce. Mega Case Information & Omnibus Dates | U. Aruze Gaming America has announced that it is filing for Chapter 11 bankruptcy in a bid to undergo a financial restructuring. Zhao, previously the COO at LT Game since 2007, was tasked with strategic visioning and operational efforts to promote LT Game's growth as a gaming supplier in Macau. 23-10356-abl CHAPTER NO. アルゼゲーミングがチャプター11を申請。. It also manufactures a variety of electronic gambling devices, some of them quite original. Share with: Link: Copy link. 20 per share compared to losses. 2(d) of the Federal Rules of Civil Procedure is GRANTED, nunc pro tunc. Supreme Court. The American Bankruptcy Institute says that 95. Pro hac vice admission should be sought as soon as practicable, but is not required prior to the initial hearing on First Day Motions. The company said at the time that the filing was part of its efforts to restructure financially because of “external. 33. Tomas, Batangas, Philippines | Competitors, Financials & Contacts - Dun & Bradstreet Find company research, competitor information, contact details & financial data for !company_name! of !company_city_state!. Chapter 7 is straightforward and essentially misnamed. Aruze Gaming, the slot machine developer behind Shoot to Win Craps, Go Go Claw and other slot and electronic table games, filed for Chapter 11 bankruptcy protection on Wednesday. As a result of the §363 Auction held on June 15, 2023, specific assets of Aruze were acquired by three different buyers: Interblock, Empire Technological Group, and Aruze’s bank group. 1. For any questions on logging in, email: [email protected]: In a gaming machine, a unit game in which symbols having been arranged are rearranged is displayed on a display. Aruze Gaming America is a leading global entertainment company that designs, develops, and manufactures high-quality, inventive, and engaging gambling entertainment solutions for the global casino market. “We fully understand the implications associated with this action, but we believe this is the best way for Aruze to maintain the overall health of our business. 3 February 2023. branch president. Asbach. Blonde4ever. Restructuring to commence via Chapter 11 bankruptcy filing February 01, 2023 07:45 PM EST. Empire Technological Group, which does business sector as Play Synergy, announced today that it is acquiring the US slot machine trading operations of Aruze Gaming. S. Chapter 15: Used in Foreign Cases. Bankruptcy The panel affirmed the bankruptcy court and the Bankruptcy Appellate Panel’s ruling in favor of a Chapter 7 trustee who contended that funds fraudulently transferred by the debtor remained property of the bankruptcy estate upon conversion from Chapter 13 to Chapter 7. 2023-02-03 Seeking. ECF No. Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada. The Company's products include slot machines, communal gaming products, and multi. misc Chapter 11 Monthly Operating Report UST Form 11-MOR Fri 11/17 4:14 PM. By Scott Roeben, on February 01 2023 Aruze Gaming, a well-known casino games maker has quietly filed for Chapter 11 bankruptcy protection. $5,000 Welcome Bonus. We are pleased to announce that Empire Technological Group d/b/a Aruze Gaming Global, formerly Play Synergy, has recently completed the acquisition of the electronic gaming machines, sales, operations and service from Aruze Gaming America, Inc. Contact Information. The company filed a voluntary petition in the US Bankruptcy Court for Nevada last week and said in a news release that the filing was. The deal to acquire the assets follows Aruze Gaming America’s filing for Chapter 11 bankruptcy protection six months ago, and this week’s agreement to sell its slot machine business to Play Synergy. Effective onDecember 1, 2022. Bankruptcy code. Bankruptcy code. S. 12 Mar, 2012, 11:41 ET. Filing for Bankruptcy Was a Part of a Restructuring Strategy The announcement about the closure comes after earlier this year, the company confirmed it has filed bankruptcy under Chapter 11 of the Bankruptcy Code with the US. Subscribers of GGB News. Visit Website. District Court for the District of Nevada filed by Dana Welch. Aruze Gaming, the slot machine manufacturer has filed for Chapter II bankruptcy protection in the United States. Business Wire. 3 Feb 2023. Useful ways to stay calm while gaming online. SNK is an acronym of Shin Nihon Kikaku (新日本企画, New Japan Project), and was the company's legal name until it was shortened to SNK in 1986. ("Aruze" or the "company"), is a global games leader that has delivered decades of innovative gaming entertainment and value. This move follows the voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada that. In addition, the company is now targeting a late February launch in the UK with multiple operators. The new game is a revitalization of Aruze’s legacy Shoot To Win Craps, with an immersive. However, in one of our dialogues with the bank officials, they assured us that our money is covered by insurance under the. 1, 2023— Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed a. (PRESS RELEASE) -- Aruze Gaming, a leading developer of gambling entertainment solutions for the global casino market, announced Wednesday, 1 February, that it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada. Also, Las Vegas-based automated-table-game developer Interblock USA bid $14 million to buy Aruze's Roll. Play Synergy will remain responsible for. Aruze alleges that both Universal and Fujimoto were aware of Aruze’s license to the 26 patents at issue and to manufacture and sell gaming machines but filed suit nonetheless, in 27 furtherance of their “broader conspiracy to harm” Okada and Aruze, and force Aruze out of 28 business and monopolize the market for slot machines covered by. ph. S. Aruze’s American. Kazuo Okada is Aruze’s lone shareholder. The move comes amid efforts to seek financial restructuring in the wake of a recent garnishment judgment against Aruze , resulting from a separate. All bankruptcy cases are handled in federal courts under. Aruze’s Innovative Products. Aruze filed a voluntary petition in the U. LAS VEGAS, February 02, 2023 -- ( BUSINESS WIRE )-- Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in. 33. Bankruptcy code. § 348(f)(1)(A), upon conversion fromThe Las Vegas-based Play Synergy said the “strategic move” will give it control of the related sales, service, support and operations of Aruze’s slot route and operations. Appellant: Ashley Jones Guglielmo and Carey J. 6 million or less were also listed. Armory Securities announced the successful sale of the assets of Aruze Gaming America, Inc (“Aruze”) via §363 auction under the U. 11 DECLARATION RE: ELECTRONIC FILING OF PETITION SCHEDULES, STATEMENTS AND PLAN (if applicable) PART I -. Aruze possesses licenses to both manufacture and distribute. Play Synergy President Frank Feng commented: “Aruze, Play Synergy, and all other stakeholders in. Aruze expands its Mexico presence through the casinos of seven. Court Reporter Contact Information: Colleen_Conway@ilnd. There have been two major announcements this week. ”. The Japanese businessman is a former. Nev. All activities of PACER subscribers or users of this system for any purpose, and all access attempts, may be recorded and monitored by persons authorized by the federal judiciary for improper use, protection of system security, performance of maintenance and for appropriate. S. The transition takes effect on March 1, 2023. Read More Vegas, Nevada. Aruze Gaming America, the Las Vegas-based slot supplier and subsidiary of Japan’s Universal Entertainment, filed a notice with the state of Nevada that it will close its Las Vegas headquarters effective August 18 and lay off 100 employees. Aruze said that the bankruptcy filing has nothing to do with the “reflection on the health of Aruze”. Administrative Claims Bar Date: January 17, 2023. The Empire Technological brand expands its portfolio and gains access to cutting-edge gaming technologies, offering players an enhanced gaming experience. Armory served as exclusive financial advisor to Aruze in connection with the transaction. . Aruze Gaming America Armory Securities Advises Aruze Gaming on §363 Auction Armory Securities served as exclusive financial advisor to Aruze Gaming America in connection with the sale of its assets via a §363 auction under the U. Aruze Gaming America, Inc. LAS VEGAS--(BUSINESS WIRE)--Aruze Gaming (Aruze), a leading developer of gambling entertainment solutions for the global casino market, today announced it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada. ECF No. ZIRZOW on behalf of ARUZE GAMING AMERICA, INC. In February, Aruze had filed for protection under Chapter 11 of the United States’ Bankruptcy Code. Ukwithny Latest News At Your Fingertips. 0000000Z. Electronic table games (ETG) developer Interblock has announced the “strategic acquisition” of ETG assets from Aruze Gaming America in what it describes as a significant step forward in its global growth strategy. 5% hit from the impairment of GB200,000 of stock associated with the bankruptcy of customer Aruze Gaming America Inc. Aruze Gaming, one of the leading gambling entertainment solutions developers globally, handed out the voluntary petition for bankrupcy in The State of Nevada. Playmore also acquired some of the companies formed by ex-SNK employees, namely Brezzasoft and. Red River Bank et al. Boulware, II. Resigning from the positions as president, chief financial officer (CFO) and chief administrative officer was Richard Pennington. On the exact same day as the personal bankruptcy filing, Feb. Aruze is represented by Larson & Zirzow. 3 February 2023. The media outlet cited a notice filed by the company with the authorities in that U. In Go Go Claw Cash Grab, players use a physical claw to attempt to place one of the prize balls in the. Contact her at [email protected] America has filed for Chapter 11 bankruptcy in a bid to undergo financial restructuring. A petition may be filed by an individual, by spouses together, or by a corporation or other entity. Bankruptcy Court, District of Nevada website for Aruze Gaming America, Inc. Aruze recently announced an agreement with Casino Metro in San Juan, Puerto Rico, which will see the casino install the Roll To Win Craps next year. The second complaint, which was dismissed last May 15, involved Tiger Resort and Okada, the latter’s company Aruze Philippines Manufacturing Inc. (Image: YouTube) In February, Aruze filed for Chapter 11 bankruptcy in the. Microsoft AzureThe Federal Rules of Bankruptcy Procedure provide for the clerk of the bankruptcy court to mail a copy of the order of discharge to all creditors, the U. It was recently unveiled that Aruze Gaming America, a Las Vegas-based casino equipment manufacturer, is set to close its Las Vegas head office next monthThe Neo Geo Pocket Color (NGPC) is a 16-bit color handheld game console developed and manufactured by SNK. As a result of the §363 Auction held on June 15, 2023, specific assets of Aruze were acquired by three different buyers: Interblock, Empire Technological Group, and Aruze’s bank group. S. (PRESS RELEASE) -- Aruze Gaming, a leading developer of gambling entertainment solutions for the global casino market, announced Wednesday, 1 February, that it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State. It is the successor to the company Shin Nihon Kikaku and presently owns the SNK video game brand and the Neo Geo video game platform, and electronics. The Judge overseeing this case is Donna M. The company has filed for Chapter 11. Aruze Gaming America's President Robert Ziems stepping down. LAS VEGAS—FEB. The company is seeking Chapter 11 bankruptcy protection in Nevada. S. (re: Doc#730) (U. Aruze is a Nevada-based, privately-owned leading manufacturer and supplier of gaming equipment,. Bankruptcy code. Date Filed Document Text; December 14, 2022: Filing 8 TRANSCRIPT OF PROCEEDINGS held on 12/14/2022, Telephonic Hearing before the Honorable Manish S. Aruze Gaming America, Inc. R. ” Restructuring to commence via Chapter 11 bankruptcy filing. The developer strategically filed for bankruptcy in February, insisting the move had no reflection on the company’s health and would improve the overall health of our business.