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Top related persons:
Dietrich Knauth - 2 Bucks - 1 Georgia Lucky - 1 Lucky Bucks - 1 James Boyden - 1 Lucky - 1 Dennis Dunne - 1 Tyson Lomazow - 1
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Georgia Wilmington , Delaware Norcross , Georgia Georgia’s District of Delaware Texas Ohio Houston
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3 mentions found


☆ Georgia slot machine company enters bankruptcy to cut $500 million debt
  + stars: | 2023-06-09 | by ( Dietrich Knauth | ) www.reuters.com   time to read: +3 min
Georgia law places strict limits on slot machines, prohibiting cash winnings, and preventing locations like gas stations and convenience stores from having more than nine slot machines or deriving more than 50% of their revenue from slot machines, according to the company. Headquartered in Norcross, Georgia, Lucky Bucks operates in 345 locations throughout Georgia with approximately 2,300 slot machines. Before filing for bankruptcy, Lucky Bucks had lobbied for a Georgia law that would have protected slot machine operators from “predatory” competition. The proposed bill, which was not passed by Georgia’s legislature, would have prevented a new slot machine from being installed in the nine months following the removal of a different company's slot machine. The case is Lucky Bucks Inc, U.S. Bankruptcy Court for the District of Delaware, No.
Persons: Bucks, Georgia Lucky, Lucky Bucks, James Boyden, Lucky, Dennis Dunne, Tyson Lomazow, Russell Silberglied, Richards, Layton, Dietrich Knauth Organizations: Company, Georgia Lucky Bucks, YORK, Lucky, Bucks, Lucky Bucks, Trive, Seven Aces, Lucky Bucks Inc, Bankruptcy, District of, Milbank LLP, Diebold, Atlantic City, Thomson, & $ Locations: Georgia, Wilmington , Delaware, Norcross , Georgia, Georgia’s, District of Delaware
☆ ATM maker Diebold Nixdorf files for bankruptcy to cut $2 bln in debt
  + stars: | 2023-06-01 | by ( Dietrich Knauth | Industry Insight | How Law Firms Calculate Greenhouse Gas Emissions | ) www.reuters.com   time to read: +1 min
Companies Diebold Nixdorf Inc FollowNEW YORK, June 1 (Reuters) - ATM maker Diebold Nixdorf filed for bankruptcy in Texas on Thursday, saying it had reached an agreement to reduce the company's overall debt by $2.1 billion. Diebold Nixdorf said it urgently needs the new loans. Diebold has struggled with debt since it acquired Germany-based Wincor Nixdorf AG for $1.8 billion in 2016. Before filing for bankruptcy, Diebold engaged in cost-cutting efforts like reducing its real estate footprint, streamlining its ATM product range, and renegotiating its debt in March 2022. Diebold Nixdorf sells ATMs and point-of-sale systems in more than 100 countries.
Persons: Diebold Nixdorf, Diebold, Dietrich Knauth, Alexia Garamfalvi, Nick Zieminski Organizations: Diebold, Nixdorf, Diebold Nixdorf, New York Stock Exchange, Thomson Locations: Texas, Ohio, Houston, Germany
☆ The 'total return era' of investing might be over, the credit chief for a $6 billion firm told us. Here's what he's buying to lock in solid returns that will hold up in a recession.
  + stars: | 2022-11-16 | by ( Marley Jay | ) www.businessinsider.com   time to read: +5 min
He says the 'total return era' of high, stable returns across asset classes might be gone for good. Reddy explained his ideas about what to buy to get solid returns at smart levels of risk. But buying everything only works if all of those structural factors are sending demand and asset prices steadily higher, Reddy said. Younger workers tend to spend more and save less, which means greater demand and more inflation pressure, Reddy said. "If you have a higher inflation environment, you need to take some kind of risk."
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