FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Armory Securities Closes Asset Sale of Aruze Gaming America via §363 Auction

October 04, 2023, 07:00 AM
Filed Under: Gaming

Armory Securities announced the successful sale of the assets of Aruze Gaming America, Inc (“Aruze”) via §363 auction under the U.S. Bankruptcy code. Armory served as exclusive financial advisor to Aruze in connection with the transaction.

Aruze is a Nevada-based, privately-owned leading manufacturer and supplier of gaming equipment, including video and mechanical slots, as well as premium electronic table games (“ETGs”) for the global casino market. Aruze has developed innovative products that differ from traditional slots and ETGs, such as Roll to Win Craps, Go Go Claw, and Rock Paper Scissors.

Aruze filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code for the District of Nevada on February 1, 2023. As a result of the §363 Auction held on June 15, 2023, specific assets of Aruze were acquired by three different buyers: Interblock, Empire Technological Group, and Aruze’s bank group. The structure of the sale was value-maximizing to Aruze as Armory helped structure the transaction across these various assets, which included but were not limited to the ETG IP, iGaming IP, slot machine inventory, ETG inventory, iGaming inventory, ETG leased install base, and slot machine leased install base.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.