Armory Securities served as exclusive financial advisor to Aruze Gaming America in connection with the sale of its assets via a §363 auction under the U.S. Bankruptcy code.

Aruze is a Nevada-based, privately-owned manufacturer and supplier of gaming equipment, including video and mechanical slots, as well as premium electronic table games (ETGs) for the global casino market.

Aruze filed its voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code for the District of Nevada on Feb. 1. As a result of the §363 auction held on June 15, specific assets of Aruze were acquired by three different buyers: Interblock, Empire Technological Group and Aruze’s bank group. The structure of the sale was value-maximizing to Aruze as Armory helped structure the transaction across these various assets, which included but were not limited to the ETG IP, iGaming IP, slot machine inventory, ETG inventory, iGaming inventory, ETG leased install base and slot machine leased install base.