Financial Recapitalization to Position Lucky Bucks as Dominant Player in Georgia Coin Operated Amusement Machine Market streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Georgia-based slot machine operator Lucky Bucks filed for bankruptcy Friday, saying that it had reached a deal to cut $500 million in debt and turn over the company's equity to its lenders. Lucky Bucks suffered from increasing interest rates on its debt, an inflationary environment that reduced consumers’ use of slot machines, and a regulatory crackdown on slot machine operators in Georgia, according to its court filings in Wilmington, Delaware bankruptcy court.
Georgia-based slot machine operator Lucky Bucks filed for bankruptcy Friday, saying that it had reached a deal to cut $500 million in debt and turn over the company s equity to its lenders.. | June 9, 2023
By Dietrich Knauth NEW YORK (Reuters) - Georgia-based slot machine operator Lucky Bucks filed for bankruptcy Friday, saying that it had reached a deal.