Papaya Gaming
Found 6 recent publications
"Green light" for settlement: Court appoints manager for Papaya Gaming and freezes proceedings
The Tel Aviv District Court has appointed Adv. Gil Oren as the settlement manager for Papaya Gaming and granted a temporary stay of proceedings. The judge emphasized that the debt settlement plan for the $718 million liability must include owner contributions and potential investor involvement.
District Court: Papaya Gaming's proposed debt settlement must be improved
With a $719 million compensation hanging over the company, Judge Iris Lushi-Abudi granted Papaya Gaming's request to appoint a special manager, but ordered the debt settlement to be improved. The judge also sent a message to the plaintiff, Skillz, noting that it cannot categorically oppose any settlement, and announced that she expects to issue a 45-day stay of proceedings, subject to Skillz's...
Achievement for Papaya in the struggle against Skillz: enforcement in the USA temporarily halted
The Federal Bankruptcy Court in Delaware has granted Papaya Gaming's request for temporary relief. The ruling stays collection proceedings against the company's U.S. assets pending a Chapter 15 recognition hearing.
Israeli gaming giant Papaya Gaming files for bankruptcy in the US following court loss
Israeli gaming company Papaya Gaming has filed for Chapter 15 bankruptcy protection after being ordered to pay $719 million to competitor Skillz. Operations will continue as usual while the company appeals the decision.
District Court Grants Papaya Gaming Temporary Stay of Proceedings
The Tel Aviv District Court has approved a temporary stay of proceedings for Papaya Gaming. This measure aims to ensure business continuity while the company appeals a US court ruling in a lawsuit filed by Skillz.
Papaya Gaming to lay off about 30 employees in Israel
Israeli gaming company Papaya Gaming announced a strategic move to lay off approximately 30 employees. The company currently employs about 400 people.