FL Entertainment, the freshly created special purpose acquisition company (SPAC), released its financial results covering the first half of 2022. FL Entertainment Reports Increase in Revenue and Adjusted EBITDA The company said last week, that its revenue for the first six months ended June 30, 2022, hit €1.80 billion ($1.77 billion). When compared to the €1.51 […]
After delaying a proposed merger to the third quarter of the year, Allwyn Entertainment and special purpose acquisition company Cohn Robbins Holdings Corp. have announced that the deal is off. The companies released a joint press statement in which they stated that they have decided against proceeding with the deal. Allwyn Explains Why the Decision […]
A multi-billion special purpose acquisition company (SPAC)-type merger slated to complete in the second business quarter of 2022 has now been postponed for the third quarter and is dependent on the US Securities and Exchange Commission (SEC). Standard Regulatory Reviews The $9.3 billion merger between Allwyn Entertainment and SPAC Cohn Robbins Holdings Corp and the […]
Games Global, the leading online gaming industry supplier, is reportedly discussing going public through a merger with a special purpose acquisition company (SPAC) Tailwind Acquisition Corp. Games Global Reportedly Plans to Go Public through SPAC If the merger is completed, the new combined company is expected to be valued at more than $3 billion. Earlier […]
Blank cheque firm Cohn Robbins will soon acquire Allwyn Entertainment in a transaction that values the European lottery operator and gaming operator at $9.30 billion. This is a deal that allows investors of the Cohn Robbins SPAC (special purpose acquisition company) to purchase shares at a discount valuation. It will also lead to Allwyn being […]
Two industry veterans launched а special purpose acquisition company launched on the Nasdaq stock exchange, following a $200 million initial public offering. Industry Veterans Have Launched a SPAC The initial public offering saw the company, going by the name Bullpen Parlay Acquisition Co, sell a total of 20 million shares at a price of $10 per […]
FAST Acquisition is a blank-check business that agreed to merge with Tilman Fertitta’s Fertitta Entertainment in February. However, the Texas billionaire and owner of the Golden Nugget casino brand is trying to break that deal. This could be the beginning of a legal dispute. Fertitta Balks at SPAC In February, the parent companies of the […]
The use of a special purpose acquisition company (SPAC) in order to gain access to a public exchange has picked up steam over the past couple years, especially in the gaming industry. It’s how companies like DraftKings, Super Group Holding Co. and others have been able to target a wider pool of investors. A new […]
One Championship, a mixed martial arts (MMA) sports media company from Singapore, is actively seeking to go public in the US via a merger with a special purpose acquisition company (SPAC), Bloomberg reports. Preparing for Public Listing According to unnamed sources familiar with the matter, One Championship has already contacted Credit Suisse Group AG and […]
Another SPAC-type merger in the gaming industry is in the making, an article in Bloomberg speculates, reporting that the developer of online social games Playstudios is currently negotiating with the special purpose acquisition company (SPAC) Acies Acquisition Corp. MGM Resorts Binds Acies and Playstudios According to people in the know who prefer to remain unidentified […]
