Bankrupt Lucky Bucks’ Creditors Fight Owner Trive Over Dividends

The failure of slot machine operator Lucky Bucks LLC has set off a battle between bondholders owed $250 million and the company’s private equity owners.

Marathon Asset Management and Monarch Alternative Capital are among the creditors who claim company owner Trive Capital lied to help Lucky Bucks sell bonds in 2021 and then used the proceeds to wrongly pay itself a dividend.

Lucky Bucks filed for bankruptcy June 9 in Delaware with plans to cut hundreds of millions of dollars in debt and prevent any related potential lawsuits against Trive and other company insiders.

At a court hearing held by ...