KPL Parks shuts down operations, declares bankruptcy following court battle

October 18, 2019

KPL Parks, the infamous company that operated Mario World Park and Ponyland Caresa, has announced that it will be ceasing operations permanently. According to court documents obtained by the Silverio land Review, the company has failed to pay off the combined SP 500 million in court fees following their trials against Hasbro and Nintendo earlier this year. As a result, they will be declaring Chapter 7 bankruptcy and it will sell off all of their assets.

As for the fate of KPL's parks, Ponyland Caresa has been sold to Evergreen Gardens Properties for SP 37.5 million. The land is currently being planned for a waterpark and two hotels. Construction has not started yet.

Mario World Park has been fully demolished and the state has repossessed the land. A buyer has not yet been found.

As for the unlicensed LoliRock park, construction has simply been suspended and the park will never be finished. The site, located off Highway 11 in southern Lochena near the border with Orthopadera, remains abandoned. A buyer has not been found.

When police raided KPL's headquarters in Haundrea, Soldina, they discovered plans for a fourth park. This park, according to the concept art, was going to be themed after various DreamWorks IPs. However, when Universal (owners of DreamWorks' theme park rights) discovered KPL's plans, they decided to take them to court, and won.

As a result, with KPL finally shutting down operations, this is the final nail in the coffin for KPL Parks, and a major victory for the copyright holders, in their battle against Silverish knockoffs.

UPDATE April 30, 2021

A buyer has been found for the LoliRock Park property. The owners of the Prontera Mall, Dabeka Properties LLC, have bought the property for SP 222 million. The site will be razed and become a shopping center.