Story thread · 2 reports / 2 sources

Israeli court rejects Papaya Gaming debt plan to repay Skillz

pocketgamer.biz · 12dShare

An Israeli court has rejected Papaya Gaming’s request to put its proposed debt settlement to a creditor vote, saying the company should strengthen the plan to repay approximately $730 million to Skillz. Judge Lushi-Abudi ruled on August 26th that Papaya’s proposal, which relies solely on profits from its continuing operations, does not provide enough certainty for creditors. ... [ MORE ]

First report: Israeli court rejects Papaya debt plan, seeks more funding — investing.com, 14d