Israeli court tells Papaya to bolster debt plan to repay USD 730 million to Firy unit Skillz

• An Israeli court rejected Papaya Gaming’s request to hold creditor votes on its debt-settlement plan tied to Skillz, a Firy unit.
• The judge said the proposal must add funding beyond operating profits, citing lack of security or equity support.
• The court appointed arrangement manager Gil Oren to work on a revised plan during a 45-day pause on collection efforts from Aug. 3.
• The dispute centers on a U.S. judgment ordering Papaya to pay Skillz USD 719 million in disgorgement, with about USD 10 million fees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608310800BIZWIRE_USPR_____20260831_BW697498) on August 31, 2026, and is solely responsible for the information contained therein.