Gen Con is a major American tabletop game convention, once owned by TSR, which was bought by Wizards of the Coast, which was bought by Hasbro. The rights to the con were bought by the former director of Wizards of the Coast, Peter Adkinson.
On Jan 10, Lucasfilm announced that it was suing Gen Con.
On Feb 15, Gen Con released a press release indicating that it had filed for Chapter 11 bankruptcy. Chapter 11 allows the company to restructure its organization and continue operations while it tries to find ways to pay its creditors.
Living Dice did some rooting around and found out to whom Gen Con owes its money. Top creditors are:
- Geo E Fern Co (convention services) $748,956.81
- John Jordan (loan) $542,971.03
- Hasbro Inc $431,055.00
- Lucasfilm Ltd $284,099.32
- Thomas DesBrisay (loan) $211,601.67
- Make A Wish Foundation (supposed to receive income from auction) $148,562.13
- Los Angeles Convention Ctr $148,342.50
- Westin Bonaventure Hotel $140,401.69
- The Biltmore Hotel $138,623.85
- Board of Equalization (taxes) $131,636.18
- Hidden City Games (makers of Bella Sara collectible card game about horses) $125,000.00
So Hasbro owns Wizards of the Coast and it’s owed money from Gen Con, owned by Peter Adkinson, former director of Wizards of the Coast. Furthermore, Peter Adkinson founded Hidden City Games, which is also owed money from Gen Con.
Update: Peter Adkinson is the former (not current) director of WotC, as noted by Propagandoid in the comments. Also, see Tiger’s comment for further suggested elaboration.