DISTRESSED DAILY: Georgia Regulatory Pressure Dings Lucky Bucks

October 7, 2022 at 12:10 p.m

Slots operator Lucky Bucks LLC could breach deals or face a liquidity crisis in the coming months as it grapples with higher inflation and increased regulatory scrutiny.

The Atlanta-based company is under pressure from the Georgia Lottery, which is stepping up enforcement of rules that limit how much money local owners and operators can make from the machines. The company’s revenue fell about 8% in the second quarter, while an adjusted earnings measure fell 12% year over year, S&P Global Ratings analysts Daniel Daley and Samantha Stone wrote in a note last week.

Lucky Bucks had…

Kevin Simuchi

Bloomberg News

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