Play Synergy announces pending acquisition of Aruze Gaming America’s slots operations
The deal will cover the slot operations division of Aruze Gaming America.
Play Synergy, an Empire Technological Group Company, has announced its pending acquisition of Aruze Gaming America, a slot machine producer.
The acquisition covers both land-based assets and online gaming, including related sales, service, support and slot operations of the Aruze Gaming America business.
While Play Synergy is confident the deal will close within 30 days, the acquisition is still subject to court and regulatory approval.
Frank Feng, President of Play Synergy, said: “Aruze, Play Synergy, and all other stakeholders in the process have worked exceptionally well together to provide the vast majority of Aruze team members with new employment opportunities.
“This along with interest from others in the industry has had the result of minimising the disruption to those impacted and their families.”
Earlier this year, on 1 February, Aruze Gaming filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada.
This was part of a financial restructuring project at the company, following the judgement against Aruze’s shareholders.
On the bankruptcy, Yugo Kinoshita, Global CEO of Aruze, said: “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.
“This restructuring has no reflection on the health of Aruze. We’re proud of the advances we have made to establish Aruze as a casino mainstay.”
Play Synergy is a Las Vegas-based table game technology provider and casino game developer.
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