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Full coverage· Economy· Updated

US Court Delays $719 Million Collection Against Papaya Gaming Over False Advertising Case

A Delaware court has delayed collection of a $719 million judgment against Israeli Papaya Gaming over false advertising claims, allowing the company to continue operations while appealing. Papaya is also pursuing a supervised payment plan in Israel to manage the debt and maintain business continuity.

2 newsrooms · 1 language · since

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What happened

  1. 01Delaware court temporarily halts $719 million collection against Papaya Gaming.
  2. 02Judgment relates to false advertising about bot use in Papaya's games.
  3. 03Papaya continues normal operations amid legal proceedings in US and Israel.
  4. 04US court set a September hearing to consider recognizing Israeli proceedings.
  5. 05Papaya proposes supervised payment plan to cover debt exceeding $151 million cash reserves.
  6. 06Company welcomes court decision as it provides operational certainty during appeal.
Translated and summarized by baba from Globes, the latest report. Read Globes’s original

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