Papaya Gaming seeks Chapter 15 protection while appealing judgment
The filing seeks US protection for assets while Papaya pursues its appeal and foreign proceedings.
Business and regulatory reporting on Papaya Gaming.
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The report said, citing published reporting, that Papaya Gaming filed for Chapter 15 protection after a $719m judgment favouring Firy in a false advertising case. Papaya is appealing and said operations and player accounts should continue normally.
Also in this report: Firy
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The filing seeks US protection for assets while Papaya pursues its appeal and foreign proceedings.
Papaya is pursuing business protection alongside its appeal against the monetary verdict.
The order imposes a substantial payment obligation on Papaya Gaming.
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