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Aruze Gaming America — the slot machine developer behind Shoot to Win Craps, Go Go Claw and different digital desk video games — will shut its Las Vegas headquarters subsequent month and lay off 100 staff, in keeping with a discover filed with the state.
The closure is predicted to be efficient Aug. 18, in keeping with a required discover to the Nevada Division of Employment, Coaching and Rehabilitation. Few different particulars have been instantly out there. Aruze representatives didn’t reply to extra questions concerning the closure by the point of publication.
The closure comes roughly six months after the gear producer filed for chapter 11 chapter safety. The corporate stated on the time that the submitting was a part of its efforts to restructure financially due to “exterior elements outdoors (their) management.” It listed a “garnishment judgment in opposition to Aruze ensuing from a separate judgment in opposition to Aruze’s shareholder.”
The corporate’s sole shareholder is Japanese businessman and former Wynn Resorts investor Kazuo Okada. The garnishment judgment is for $27.4 million owed to Bartlit Beck LLP, a legislation agency with workplaces in Denver and Chicago that represented Okada personally within the multiyear lawsuit in opposition to Steve Wynn that resulted in a 2018 settlement for $2.6 billion with Common Leisure Corp., which Okada based.
The garnishment judgment, determined in January, stems from a number of court docket rulings saying that Okada hadn’t paid a $50 million “success price” to the legislation agency, court docket paperwork present. The judgment decided that Barlit Beck may accumulate on the corporate’s loans owed to Okada.
Aruze has different secured collectors, together with financial institution loans price roughly $20.8 million, in keeping with the chapter court docket filings. The biggest unsecured declare on the time of the chapter submitting was the garnishment judgment, although a number of different claims for $1.6 million or much less have been additionally listed.
Aruze’s American operation relies in a enterprise park with warehouse area at Decatur Boulevard close to the 215 Beltway. It’s unclear what operations of the corporate happen there.
McKenna Ross is a corps member with Report for America, a nationwide service program that locations journalists into native newsrooms. Contact her at mross@reviewjournal.com. Comply with @mckenna_ross_ on Twitter.
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