Lucky Bucks suffered from increasing interest rates on its debt, an inflationary environment that reduced consumers’ use of slot machines, and a regulatory crackdown on slot machine operators in Georgia, according to its court filings in Wilmington, Delaware bankruptcy court.
The state's increased policing of those rules caused the removal of 500 Lucky Bucks slot machines in the first five months of 2023 alone, according to court documents. James Boyden, Lucky Bucks’ executive vice president of corporate development, said in a statement that the bankruptcy would not cause any disruption for the company’s employees, business partners, or consumers.
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