Azure gaming (Bubble craps) files for bankruptcy
Maker of Roll to Win Craps, Shoot to Win Craps ("bubble craps"), Go Go Claw and the Rock, Paper, Scissors machine—has quietly filed for Chapt. 11 bankruptcy protection, president steps down.
I never even knew rock,paper, scissors even existed.
If they only did Online Craps with their Bubble craps machine like i suggested (https://wizardofvegas.com/forum/gambling/craps/37912-online-craps-with-live-dealer/), they might not be in this situation
Also:
in 2018, Wynn Resorts paid the company $2.4 billion to settle a legal kerfuffle over the forced redemption of Wynn Resorts shares.
Wow, $2.4B squandered in 5yrs?
(note: Stadium craps is Interblock)
Go Go Claw and the Roc, Paper, Scissors games are too gimmicky. Sure they might be fun to try a few times, but most people do just that, give it a try a few times, and then move on.Quote: 100xOddshttps://www.casino.org/vitalvegas/aruze-gaming-files-chapter-11-bankruptcy-president-steps-down/
Maker of Roll to Win Craps, Shoot to Win Craps ("bubble craps"), Go Go Claw and the Rock, Paper, Scissors machine—has quietly filed for Chapt. 11 bankruptcy protection, president steps down.
I never even knew rock,paper, scissors even existed.
If they only did Online Craps with their Bubble craps machine like i suggested (https://wizardofvegas.com/forum/gambling/craps/37912-online-craps-with-live-dealer/), they might not be in this situation
Also:
in 2018, Wynn Resorts paid the company $2.4 billion to settle a legal kerfuffle over the forced redemption of Wynn Resorts shares.
Wow, $2.4B squandered in 5yrs?
(note: Stadium craps is Interblock)
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company still exists and operating till bankruptcy process is completed.Quote: ChumpChangeSo do these machines get pulled from the casino floors because there's no company to pay royalties to, or no spare parts from the manufacturer?
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they just dont have to pay their debts till then thus the extra cash can be used for operations.
You can see a complete game description, rules, math, etc, for my game, on my website.Quote: Mission146What a shame. I guess we may never see their next big game, "Pick a Number."
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Pick A Card
I got the idea from this scene:
Quote: ChumpChangeSo do these machines get pulled from the casino floors because there's no company to pay royalties to, or no spare parts from the manufacturer?
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That'll be interesting to see.
I guess liquidating the machines would become part of the bankruptcy process, in theory. I imagine they might offer to outright sell them to the casinos at a steep discount. If anything breaks, then custom parts could be made or any remaining existing parts could also be liquidated and sold to casinos, I would think.
The company might also get an offer to sell everything they have wholesale to a company still operating.
https://www.nvb.uscourts.gov/case-info/mega-cases/aruze-gaming-america/
No clue what a mega case is.
latest Docket information: https://www.inforuptcy.com/browse-filings/nevada-bankruptcy-court/2:23-bk-10356/bankruptcy-case-aruze-gaming-america-inc
Deadline for filing claims: 06/07/2023
Deadline for filing claims (govt.): 07/31/2023
Quote: 100xOddsAruze's bankruptcy is now a Mega case?
https://www.nvb.uscourts.gov/case-info/mega-cases/aruze-gaming-america/
No clue what a mega case is.
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From the website:
"Mega cases are single case or set of jointly administered or consolidated cases that involve $100,000,000 or more, 1000 or more creditors or a hold a high degree of public interest. Due to the nature of certain cases, a bankruptcy judge may determine to manage the cases with Ominbus hearings."
