Filing Alert: Out the Gate Chapter 11
Out the Gate, Inc., a Cherry Hill, NJ-based online sports-betting operator, filed for Chapter 11 protection on November 12, 2025, in the U.S. Bankruptcy Cour...
Out the Gate, Inc. (dba Prime Sportsbook), a Cherry Hill, NJ-based online sports-betting operator, filed for Chapter 11 protection on Nov. 12 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $1 million to $10 million in assets and $50 million to $100 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-12023.
Top Unsecured Claims
Key Parties
Counsel:
- Marc S. Casarino
Kennedys CMK LLP
Email: marc.casarino@kennedyslaw.com
Signatories:
- Jonathan Richards – President