Prime Sportsbook files for Chapter 11 before planned Plannatech sale
Prime Sportsbook has entered Chapter 11 bankruptcy to reorganise its structure and operating expenses ahead of a planned sale to Plannatech USA, chief operating officer Jon Richards said. The operator does not expect betting services to be interrupted during the process and aims to retain its brand and state relationships.
The restructuring and proposed sale could affect Prime Sportsbook’s operations across its licensed US states.