Latest News on Insolvency Proceedings
AI-GENERATEDNew Identity and Capital: Groupe Casino Rebrands as Plesio
The traditional Groupe Casino is now operating under the name Plesio. Major shareholder Daniel Kretinsky is rescuing the group with fresh capital and debt restructuring.
AI-GENERATEDBrazil's Betting Ban Triggers Supply Chain Crisis and Unpaid Millions
A sudden shutdown of Brazil's regulated betting market has left suppliers with unpaid invoices and put 15,500 jobs at risk without prior impact studies.
AI-GENERATEDVictory Casino Cruise Ship Seized at Port Canaveral Over Major Debt
A federal seizure warrant has been issued for the Victory Casino cruise ship as a South Carolina shipyard claims $800,000 in unpaid debts.
AI-GENERATEDUS Gambling Scandal: Supreme Court Upholds Revocation of Casino License
Andy Sanborn loses his gambling license in New Hampshire for good. The court condemned the misuse of nearly $1 million in COVID relief funds for luxury items.
AI-GENERATEDKalshi and S&P Dow Jones Partner to Create Event-Based Trading Indices
Kalshi is co-developing indices with S&P Dow Jones for event contracts, while New York pursues $36 billion in penalties against the platform.
AI-GENERATEDRecord Fine: Star Entertainment Ordered to Pay $260 Million in Australia
The Star Entertainment Group has been hit with a $260 million fine for historic anti-money laundering failures after a federal court ruling in Australia.
AI-GENERATEDMaverick Gaming: Eric Persson Buys His Own Casinos Out of Bankruptcy
Despite debts reaching up to $500 million, high roller Eric Persson plans to acquire his own Maverick casinos via a new entity to save 1,000 jobs.
AI-GENERATEDSkillz Challenges Papaya Gaming's Bankruptcy Shield Following $719M Judgment
Skillz is moving to block Papaya Gaming's Chapter 15 bankruptcy filing in the US after a massive $719 million court ruling regarding the use of automated bots.
AI-GENERATEDWashington State Casino Bust: Maverick to Close Eight Venues and Lay Off 850
Maverick Washington LLC is shutting down eight casinos including South Everett, resulting in 850 layoffs following a failed sports betting expansion strategy.
AI-GENERATEDCasino Group Secures Further Extension: Creditors Waive Legal Actions
The struggling Casino Group has been granted a reprieve until October 31, 2026. Creditors agreed to withhold legal action despite missed interest payments.
AI-GENERATEDBombay Group Shutters Tallinn Luxury Casino Amid Major Restructuring
Bombay Group has closed its high-stakes casino in Tallinn's Old Town as of September 30, 2026. More than 100 jobs are affected following a pivot to B2B services.
AI-GENERATEDMaverick Gaming Bankruptcy: Uncertain Future for Crazy Moose Casinos in Washington
US gambling operator Maverick Gaming has filed for bankruptcy. 137 employees at the Crazy Moose Casino in Pasco face potential closure by November 30, 2026.
AI-GENERATEDEx-Footballer Tony Kelly Warns of Gambling Addiction: Half a Million Pounds Lost
Former Stoke City star Tony Kelly opens up about his descent into gambling addiction. The footballer lost over £500,000 before founding Red Card Gambling Support.
AI-GENERATEDGroupe Casino Struggles for Stability: 65 Million Euro Deposited in Blocked Account
Groupe Casino continues debt restructuring talks, securing 65 million Euro for interest payments amid ongoing legal disputes with creditors.
AI-GENERATEDMaverick Gaming closes two Tukwila casinos and lays off 238 workers
US operator Maverick Gaming continues its downsizing strategy. On November 1, the Riverside and Great American casinos will close, resulting in 238 job losses.