{"id":257506,"date":"2023-02-02T14:52:41","date_gmt":"2023-02-02T20:52:41","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=257506"},"modified":"2023-02-02T15:35:01","modified_gmt":"2023-02-02T21:35:01","slug":"aruze-gaming-pursuing-chapter-11-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/","title":{"rendered":"Aruze Gaming Seeks Chapter 11 Bankruptcy Protection"},"content":{"rendered":"<p>Aruze Gaming, a manufacturer of electronic gaming devices for casinos, filed for Chapter 11 bankruptcy protection on Wednesday in the United States Bankruptcy Court for the State of Nevada.<\/p>\n<figure id=\"attachment_257507\" aria-describedby=\"caption-attachment-257507\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-257507\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag-142x80.jpg\" alt=\"Aruze Gaming\" width=\"1200\" height=\"675\" \/><figcaption  id=\"caption-attachment-257507\"class=\"text-description\">Aruze Gaming slot machines. The company is seeking Chapter 11 bankruptcy protection in Nevada. (Image: YouTube)<\/figcaption><\/figure>\n<p>The maker of the <em>Roll To Win Craps<\/em> machines also said that US branch president Robert Ziems is departing the company, and Global CEO Yugo Kinoshita will assume Ziems\u2019 day-to-day responsibilities until a replacement is found.<\/p>\n<p>Japan-based Aruze, which also manufactures electronic roulette games, said it\u2019s pursuing Chapter 11 protection after a judgment against one of its shareholders triggered a garnishment ruling against the company. The firm said it will operate normally during the bankruptcy proceedings.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>This filing was a critical business strategy we were forced to make due to external factors outside our control. 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,\u201d<\/strong> said Kinoshita in a statement.<\/p><\/blockquote>\n<p>The CEO added that the bankruptcy isn\u2019t a commentary on Aruze\u2019s overall health, and he believes the company will emerge stronger.<\/p>\n<h2>Aruze Gaming Looking for Reorganization<\/h2>\n<p>Aruze, which maintains its US headquarters in Las Vegas, could be angling for a corporate reorganization \u2013 one that creditors must approve &#8212; <a href=\"https:\/\/www.casino.org\/news\/caesars-entertainment-plans-to-exit-chapter-11-bankruptcy-this-week\/\">under Chapter 11<\/a>.<\/p>\n<p>\u201cA case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a \u2018reorganization\u2019 bankruptcy. Usually, the debtor remains \u2018in possession,\u2019 has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money. A plan of reorganization is proposed, creditors whose rights are affected may vote on the plan, and the plan may be confirmed by the court if it gets the required votes and satisfies certain legal requirements,\u201d according to US Courts.<\/p>\n<div class=\"callout\">\n<p>That\u2019s significantly different from Chapter 7 proceedings, which are among the most common corporate bankruptcies after Chapter 11. Chapter 7 is often pursued by heavily indebted companies that face ongoing concerns. In those scenarios, creditors see little hope for redemption and the company liquidates its assets to pay off some of its obligations.<\/p>\n<\/div>\n<p>The situation Aruze is facing isn\u2019t that dire, and the maker of the <a href=\"https:\/\/www.casino.org\/news\/aruze-gaming-debuts-rock-paper-scissors-slot-machine\/\">Rock Paper Scissors Instant Win<\/a> slot machines has the opportunity to work things out with its creditors in an effort to avoid further disruptions.<\/p>\n<h2>Aruze Has Interesting Corporate History<\/h2>\n<p>In 2018, Aruze was slapped with a patent infringement suit. That same year, the gaming device manufacturer was engaged in a legal skirmish with Wynn Resorts. It was a dispute in which the casino operator paid the Japanese firm $2.4 billion stemming from the <a href=\"https:\/\/www.casino.org\/vitalvegas\/aruze-gaming-files-chapter-11-bankruptcy-president-steps-down\/\">forced liquidation<\/a> of Wynn\u2019s Aruze stake.<\/p>\n<p>According to press releases on its website, Aruze clients in the US include BetMGM, Circa Las Vegas, and the Seminole Tribe of Florida, which operates Hard Rock International.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aruze Gaming, a manufacturer of electronic gaming devices for casinos, filed for Chapter 11 bankruptcy protection on Wednesday in the United States Bankruptcy Court for the State of Nevada. 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 [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":257507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,81886,69293],"tags":[81903,23,81890],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aruze Gaming Pursuing Chapter 11 Bankruptcy Protection<\/title>\n<meta name=\"description\" content=\"Aruze Gaming files for Chapter 11 bankruptcy in Nevada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aruze Gaming Pursuing Chapter 11 Bankruptcy Protection\" \/>\n<meta property=\"og:description\" content=\"Aruze Gaming files for Chapter 11 bankruptcy in Nevada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-02T20:52:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-02T21:35:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/\",\"url\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/\",\"name\":\"Aruze Gaming Pursuing Chapter 11 Bankruptcy Protection\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg\",\"datePublished\":\"2023-02-02T20:52:41+00:00\",\"dateModified\":\"2023-02-02T21:35:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Aruze Gaming files for Chapter 11 bankruptcy in Nevada.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Aruze Gaming slot machines. Play Synergy announced plans to acquire the Aruze US slot business. (Image: YouTube)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Aruze Gaming Seeks Chapter 11 Bankruptcy Protection\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aruze Gaming Pursuing Chapter 11 Bankruptcy Protection","description":"Aruze Gaming files for Chapter 11 bankruptcy in Nevada.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/","og_locale":"en_US","og_type":"article","og_title":"Aruze Gaming Pursuing Chapter 11 Bankruptcy Protection","og_description":"Aruze Gaming files for Chapter 11 bankruptcy in Nevada.","og_url":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-02-02T20:52:41+00:00","article_modified_time":"2023-02-02T21:35:01+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/","url":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/","name":"Aruze Gaming Pursuing Chapter 11 Bankruptcy Protection","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg","datePublished":"2023-02-02T20:52:41+00:00","dateModified":"2023-02-02T21:35:01+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Aruze Gaming files for Chapter 11 bankruptcy in Nevada.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/aruze-gaming-pursuing-chapter-11-bankruptcy-protection\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/ag.jpg","width":1280,"height":720,"caption":"Aruze Gaming slot machines. Play Synergy announced plans to acquire the Aruze US slot business. 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