island view casino resort gulfport mibibippi(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. When it became clear the marriage wouldn’t be official by that date, the SPAC’s shareholders in late June voted to move the completion date to Dec. 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. casino near me jacksonville ncBars can only be open for sit-down food service at tables, as bar service is prohibited. Leisure Acquisition Corp. But regulators made it clear that this isn’t a sign that theriversweeps online casino login

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bovada casino no deposit bonus codes august 20201.In a recent filing, Leisure Acquisition warned the merger could collapse.“Either the company or Gateway has the ability to terminate the merger agreement to the extent the business combination has not been completed by July 15, 2020,” according to the filing. If 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.Investors didn’t seem to mind, as they pushed LACQ stock higher by almost one percent on more than double the average daily volume in late trading.Gateway said in December it had agreed for a reverse merger deal with special purpose acquisition company (SPAC) Leisure Acquisition that wouldraging bull casino game have allowed the gaming operator to sidestep the initial public offering (IPO) process,” reports Reuters.Gateway Casinos announced the deal last December and it was expected the transaction would be finalized in the second quarter of this year, with the gaming company listing on the New York Stock Exchange. las atlantis casino no deposit bonusining would be reduced from 50 percent to 25 percent capacity. Bars can only be open for sit-down food service at tables, as bar service is prohibited. Developers have targeted casinos in Bristol, Danville, Norfolk, and Portsmouth so far. foxwoods online casino facebook

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seminole casino rewards(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. The slots area at the Gateway Casino in London, Canada. (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 slots area at the Gateway Casino in London, Canada. pechanga casino concerts 2020