Seattle-based Gen Con said it had to file for bankruptcy in Washington state because of “significant unforeseen expenses associated with attempts to expand its core business to encompass externally licensed events.”
[Ed. extract from the underlying story by IndyStar.com
Gen Con LLC, sponsor of one of Indianapolis’ largest annual conventions, has filed for Chapter 11 bankruptcy protection.
But that won’t stop the fantasy/science fiction event from returning with thousands of hobby gamers in 2008 and beyond, according to the Indianapolis Convention & Visitors Association. This year, Gen Con Indy is expected to attract 25,000 attendees who will spend more than $25 million on lodging and entertainment.
Gen Con is committed to the city through 2010.
Read the full article at Adam Jury