Private Gaming Company
Transaction Type: Restructuring
Industry: Gaming
Location: East Coast United States
Client: Bankruptcy Estate
Role: Chief Restructuring Officer in Chapter 11 Bankruptcy
Cascade was retained pre-bankruptcy for this gaming company that had a number of offshore cruise ships that provided gaming facilities for the Florida market. Cascade worked to reduce operating expenses and reposition the business in a dynamic marketplace. Onshore gaming was growing at a rapid rate after the Seminole tribe obtained gaming rights.
Ultimately the owners were forced to file bankruptcy and the company assets were sold in a Section 363 sale.