doubledown casino slots(NASDQ:LACQ), a special purpose acquisition company (SPAC), is scuttling a .15 billion deal to merge with Gateway Casinos & Entertainment, a pact that would have taken the Canadian gaming firm public. Leisure Acquisition went public in 2017 and with the 0 million in proceeds raised from that offering, the blank check firm set out to find targets in the gaming, recreation, travel, or lodging industries.Some of that 0 million was used to amass a significant position in Gateway, making the SPAC one of the largest investors in the Canadian gaming firm.Closed Exits, Thin IceOne of the primary advantages associated with blank check companies or special purpose vehicles (SPVs) is that these firms allow private companies to become public entities more rapidly than through the traditional initial public offering process.With that, early investors are able to realize an “exit” and the liquidity benefits that come along with publicly traded companies. The casino won 7.9 million on its slots and 0.7 million on its tables for a combined 8.6 million year. 888 poker casino mix upLeisure Acquisition Corp. Tom Wolf (D) this week announced that indoor dining would be reduced from 50 percent to 25 percent capacity. But there’s no guarantee it will last.Pennsylvania Gov. seneca niagara casino niagara falls ny

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jamul casino resort(Image: Global News)New York-based Leisure Acquisition announced the end of the transaction in a regulatory filing but didn’t specify why it’s dropping the deal. Gatherings are to be limited to a maximum of 25 people indoors and 250 outdoors.During the past week, we have seen an unsettling climb in new COVID-19 cases,” Wolf said in explaining the decision. “There can be no assurance that it will be possible to complete a business combination with Gateway prior to July 15, 2020.”Minor SetbackWhile thefoxwoods resort casino diningTotal GGR for June, inclusive of DFS and VGTs, was 2.5 million. In the case of Gateway Casinos, those investors include Catalyst Capital Group and HG Vora, a hedge fund with a lengthy track record of gaming industry stakes.Signs have been mounting the Leisure/Gateway deal was on thin ice. “There can be no assurance that it will be possible to complete a business combination with Gateway prior to July 15, 2020.”Minor SetbackWhile thefoxwoods resort casino ct

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mohegan sun casino videoIf we don’t act now, medical experts are projecting that this new surge in cases could soon eclipse the peak in April.”Pennsylvania has reported 99,479 coronavirus cases, and more than 7,000 deaths.Leisure Acquisition Corp. Tom Wolf (D) this week announced that indoor dining would be reduced from 50 percent to 25 percent capacity. Gatherings are to be limited to a maximum of 25 people indoors and 250 outdoors.During the past week, we have seen an unsettling climb in new COVID-19 cases,” Wolf said in explaining the decision. When it became clear the marriage wouldn’t be official by that date, tmohegan sun casino restaurantshe SPAC’s shareholders in late June voted to move the completion date to Dec. The transaction was originally slated to close on April 5, but that date was later pushed back to June 30. red stag casino sign up