Techop No more looking for sportsbooks to acquire and go public via SPACs.
The blank-check company announced Tuesday that the deal had been terminated after opting not to seek an extension. October 26 deadline.
Tekkorp targets a gaming business $1-2 billion Enterprise value, according to its registration statement from August 2020. The company starts with $251.3 million Held in trust and will redeem 100% of the shares $10.05.
What about an online IL sports betting license?
Tekkorp is the only applicant to win one of three $20 million independent Illinois Sports betting license this April.
The app lists Mexican sports betting brands Caliente If its a DBA. game technologyAs part of Caliente Interactive’s business, the company said in July that the SPAC deal is no longer happening as expected:
Capital market conditions have deteriorated significantly since the transaction was originally considered and, as a result, the transaction is no longer proceeding in the same way. However, the company continues to explore alternative opportunities with Caliplay management to build an independent U.S. gaming business under the Caliente brand focused on the Hispanic community in the United States. The parties also continue to discuss this alternative opportunity with the SPAC and its partners.
Conversation between SPAC and Playtech is still ongoing September 22.
One Illinois Gaming Commission The spokesman said the board was aware of Tekkorp’s announcement but declined to comment at this time.
Genius, Sportradar settle lawsuit
motion radar everything must stop Unofficial data reconnaissance in several football leagues, including The Premier League under one solution genius movement litigation.
Genius was also allowed to retain exclusive betting data rights for the league, which Sportradar initially March 2020.
Genius sold Sportradar a sublicense for delayed provision of betting data to Sportradar 2024.
PBH announces ADW plans for sports betting app
Points betting is jumping into the online horse racing betting business Stronach Group. This puts the PointsBet in 30+ states Because the brand focuses on a regional marketing approach.
Horse racing betting content will be integrated into the PointsBet sports betting app and should launch in early 2023. The product will focus on traditional pot betting rather than fixed odds horse racing betting.
Five-year agreement with Stronach accompanied by sub-agreement with Stronach Bet whatever you want For B2B Premium Deposit Betting Platform, Monarch Content Management for simulcast content, and AmTote for an accumulator protocol.
BetMGM launches NHL-branded iCasino game
BetMGM to launch iCasino game from Evolution featuring NHL teams Michigan, New Jersey, Ontario and Pennsylvania.
The launch includes table games where sports bettors typically gravitate towards roulette and blackjack.
Games will feature the NHL logo prominently and team logos appear throughout the rendered arena.
PENN spends millions on property changes
Penn Entertainment is investing $850 million into four casino entries, but not all from their available cash.
Gaming and Leisure Propertiesthe owners of all four properties that PENN leased while operating the casino, will provide up to $575 million Financing the project.Pennsylvania has $1.71 billion cash and equivalents and $1.55 billion in debt or June 30.
For more details on the transaction and the new master lease agreement within it, see 8K.
Elsewhere, PENN and Kambi agreed to early termination terms as Barstool Sportsbook pivoted to proprietary technology.
CZR refinances debt
Caesars lowers interest expense and extends debt maturity $3 billion The senior secured credit expires 2028.
New debt includes $750 million secured term loans and $2.25 billion Secured revolving line of credit.Caesar will prepay $750 million Existing Phase B loan matures December 2024.
Full details are available at 8K.