{"id":13060,"date":"2026-05-27T12:31:19","date_gmt":"2026-05-27T11:31:19","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=13060"},"modified":"2026-05-27T12:31:21","modified_gmt":"2026-05-27T11:31:21","slug":"kyiv-court-closes-bankruptcy-case-against-premier-palace-casino","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2026\/05\/27\/kyiv-court-closes-bankruptcy-case-against-premier-palace-casino\/","title":{"rendered":"Kyiv Court Closes Bankruptcy Case Against Premier Palace Casino"},"content":{"rendered":"\n<p><strong>The Kyiv City Commercial Court <\/strong>has officially declared <strong>Premier Palace Casino <\/strong>bankrupt and initiated a 12-month liquidation process, concluding that the business was beyond rehabilitation.&nbsp;<\/p>\n\n\n\n<p>The court\u2019s decision marked the end of a two-year legal bankruptcy proceeding that began in April 2024.<\/p>\n\n\n\n<p>Several prior judgments at lower and appellate courts upheld the validity of large creditors\u2019 claims against the venue, whose total recognised debts exceed UAH380 million ($8.6 million).<\/p>\n\n\n\n<p>At a hearing on 23 October 2024, the court recognised significant claims from both public authorities and private entities. They included the Commission for the <strong>Regulation of Gambling and Lotteries,<\/strong> the <strong>Main Department of the State Tax Service<\/strong> in Kyiv and <strong>Hotel Premier Palace,<\/strong> the independently run hotel attached to the casino.<\/p>\n\n\n\n<p>Liquidation must be completed within 12 months from the ruling date. In addition, the company must cease all its commercial activities.<\/p>\n\n\n\n<p>Premier Palace Casino has long been a notable player in Kyiv\u2019s hospitality and leisure industry.&nbsp;<\/p>\n\n\n\n<p><strong>Background and legal reasoning<\/strong><\/p>\n\n\n\n<p>Premier Palace Casino filed for bankruptcy in April 2024. The Economic Court of Kyiv then formally opened bankruptcy proceedings on 15 May 2024, appointing a property administrator and temporarily halting any creditor enforcement actions.<\/p>\n\n\n\n<p>Appeals filed by the casino contesting the recognition of major creditors\u2019 claims were dismissed by both the Northern Appeal Economic Court and the Supreme Court\u2019s Cassation Economic Chamber.<\/p>\n\n\n\n<p>At a creditors\u2019 meeting on 24 November 2024, the majority voted to proceed with liquidation rather than rehabilitation.&nbsp;<\/p>\n\n\n\n<p>At the 22 April 2026 hearing, the court found that no feasible rehabilitation plan or amicable settlements had been proposed. They cited \u201cpersistent financial insolvency\u201d based on assessments of assets and liabilities.<\/p>\n\n\n\n<p>Don\u2019t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kyiv City Commercial Court has officially declared Premier Palace Casino bankrupt and initiated a 12-month liquidation process, concluding that the business was beyond rehabilitation.&nbsp; The court\u2019s decision marked the end of a two-year legal bankruptcy proceeding that began in April 2024. Several prior judgments at lower and appellate courts upheld the validity of large [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":12650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[8,5,1],"tags":[16451,50,16450,115],"class_list":["post-13060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino","category-gambling","category-news","tag-bankruptcy","tag-casino","tag-premier-palace-casino","tag-ukraine"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kyiv Court Closes Bankruptcy Case Against Premier Palace Casino - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"The Kyiv City Commercial Court has officially declared Premier Palace Casino bankrupt and initiated a 12-month liquidation process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2026\/05\/27\/kyiv-court-closes-bankruptcy-case-against-premier-palace-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kyiv Court Closes Bankruptcy Case Against Premier Palace Casino - 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