• ilinamorato@lemmy.world
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    5 months ago

    Bankruptcy is intended to be (though is not often in actuality) a temporary restructuring period. A lot of companies just end up liquidating while under bankruptcy proceedings, but Atari emerged from Chapter 11 in 2014 after a year of restructuring and selling off IPs to pay their bills. Now they’re doing a bunch of stuff, including casinos and hotels.

    • magnetosphere@fedia.io
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      5 months ago

      … casinos and hotels.

      On one hand, that’s weird AF. On the other, I would definitely stay at (and probably steal towels from) the Hotel Atari.

      • snownyte@kbin.social
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        5 months ago

        In the Video Game Business, it’s not estranged to find video game companies doing casino things. Konami doing pachinko for example, which lead to them pissing a lot of their IPs off to pachinko machines that were themed.

        Hell, Nintendo licensed to Konami to do Mario Roulette which is a medal game.

    • Aatube@kbin.melroy.org
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      5 months ago

      (Half of bankruptcy is restructuring/planning while the other half is liquidation. Either way, the goal is to have a clean-ish start in debt terms.)