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Techcorp He is not looking for a sports betting company to acquire and take public through a SPAC.
The blank check company announced the deal on Tuesday October 26 Deadline.
TechCorp was targeting the gaming business. 1-2 billion dollars Enterprise value, according to the registration statement from August 2020. The company ended there 251.3 million dollars Securely held and issue 100% shares on. 10.05 dollars.
What about an online IL sports betting license?
TechCorp was the only applicant to win one of the three. 20 million dollars Alone Illinois Sports betting licenses this April.
The app is listed as a Mexican sportsbook brand. Caliente As a DBA. PlaytechAs for a stake in Caliente Interactive, he said the SPAC transaction in July is not going as well as expected.
Capital market conditions have deteriorated significantly since the transaction was initially contemplated and accordingly this transaction is not being conducted in the same manner. However, the company continues to explore alternative opportunities with CaliPlay management to build an independent US gaming business under the CaliPlay brand, focused on the Hispanic community in the US. Both parties continue to discuss this alternative possibility with SPAC and its affiliates.
Talks between SPAC and Playtech continue to this day. September 22.
An Illinois game board A spokesman said the board was aware of Techcorp’s announcement but had no comment at this time.
Genius, Sportradar lawsuit settlement
SportsRadar It should all stop Unofficial data scout including in several football league matches English Premier League Under settlement a Genius Sports charge
Genius is allowed to retain exclusive betting data rights for the leagues, which Sportradar originally sued March 2020.
Through Genius Sportradar sold a sublicense to the betting data a delay feed In the year 2024.
PBH has announced plans for ADW for its sports betting app
PointsBet The online horse racing betting business is booming. Group sites. This will enter PointsBet. More than 30 states As the brand focuses on the regional approach to the market.
Horse racing betting content will be integrated into the PointsBet sportsbook app and should launch in early 2023.
The five-year agreement with Stronch comes with sub-agreements Xpressbet An advanced depository betting platform for B2B; Monarch Content Management For simulcast content, and AmTote For general agreement.
BetMGM launches NHL-branded iCasino games
BetMGM will launch the evolved iCasino games in which NHL teams Michigan, New Jersey, Ontario And Pennsylvania.
The sports bets included in the launch are typically interesting table games to include roulette and blackjack.
The games will feature the NHL logo throughout the arena made up of team logos.
PENN is channeling millions into property transformation.
Penn Entertainment is putting it on. 850 million dollars About four casino projects, but not all from the available money.
Game and entertainment featuresPENN owns all four properties that it leases while operating the casinos 575 million dollars Funding for the projects. He had a PNN. 1.71 billion dollars in cash and equivalent and 1.55 billion dollars As in debt June 30.
More details on the agreement and the new master lease resulting from it can be found in 8 K.
Elsewhere, PENN and Kambi agree to early termination terms as Barstool Sportsbook moves to proprietary technology.
CZR will refinance the debt
Caesar reduced the interest costs and extended the maturity of the debt 3 billion dollars Highly guaranteed loan payment In the year 2028.
The new debt a 750 million dollars A secured loan and a 2.25 billion dollars Secured Revolving Credit Facility. Caesar pays in advance 750 million dollars Payment of existing B loans December 2024.
Full details are available in 8 K.
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