Lucky Bucks, LLC

  1. October 23, 2024

    Lucky Bucks Creditors Win Discovery Bid In Dividend Probe

    Holders of equity in the reorganized iteration of gaming terminal operator Lucky Bucks LLC received a court's permission Wednesday to take discovery from members of the company's former management team, with a Delaware bankruptcy judge finding the new owners had similar rights as a litigation trust under the confirmed Chapter 11 plan.

  2. January 25, 2024

    Gambling Biz Ch. 11 Approval Must Be Undone, Court Told

    The liquidating trustee for the former parent of a gambling machine manufacturer has urged a Delaware bankruptcy court to unwind the confirmation of the subsidiary's Chapter 11 plan, arguing it should get to explore allegations leveled by the underlying business's new owners that the old management conspired to "loot" the company.

  3. October 23, 2023

    Lucky Bucks Parent Company Pivots To Ch. 7 Liquidation

    A Delaware bankruptcy judge Monday ordered that the Chapter 11 proceeding of Lucky Bucks Holdings LLC, the parent company of also-bankrupt video gaming terminal operator Lucky Bucks LLC, convert to a Chapter 7 liquidation at the behest of its noteholders.

  4. July 24, 2023

    Lucky Bucks Cleared For Ch. 11 Debt Swap Over Notes Issues

    Video gaming terminal operator Lucky Bucks LLC received approval for confirmation of its Chapter 11 debt-swap plan Monday from a Delaware bankruptcy judge after she addressed the concerns of noteholders of the debtor's parent company about how the plan would impact intercompany claims.

  5. June 12, 2023

    Creditors Push Conversion Of Lucky Bucks Parent Co. Ch. 11

    Noteholders of the parent company of gaming machine operator Lucky Bucks LLC told a Delaware bankruptcy judge Monday that conversion of the parent's Chapter 11 case should be considered before the debtor's plan can be considered.

  6. June 09, 2023

    Lucky Bucks Gambling Biz Hits Ch. 11 With $610M Debt

    Georgia-based coin gambling machine maker Lucky Bucks LLC filed for Chapter 11 in Delaware with $610 million in outstanding debt, blaming its struggles on rising interest rates, historic inflation, increased regulatory enforcement, and "predatory conduct" from competing slot and video poker machine operators.