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Gateway Casinos London Exciting Gateway Brands VideoLondon Vlog #1 Pubs, Casinos \u0026 80's Electro (22nd March 2017) The failed deal with Leisure Acquisition leaves Gateway with significant debts to repay at a time when its properties are generating minimal revenue. Story continues below advertisement. Follow us Fat Noodle Casino Twitter globebusiness Opens in a new Plz Lotterie. Neither transaction took place.
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Leisure Acquisition, which is run by several veteran U. In a regulatory filing in June, Leisure Acquisition said it planned to search for another business to acquire if its deal with Gateway failed to close by July The rules that govern SPACs stipulate that if Leisure Acquisition fails to take over a business by a predetermined date, the company must return its cash to shareholders.
As part of the process that extended deadlines on the Gateway takeover, Leisure Acquisition allowed its investors to withdraw their money each time they gave the SPAC more time to close a deal.
For Catalyst, the failed deal with Leisure Acquisition marks the latest in a series of unsuccessful attempts to cash in on its decade-long investment in the casino industry.
The Toronto-based private equity fund first tried to sell Gateway through an initial public offering, or IPO, in , then pulled the deal.
Catalyst filed for a second Gateway IPO in , then shifted gears a year later, announcing plans to combine forces with Nasdaq-listed Leisure Acquisition.
In recent weeks, potential buyers in other sectors abandoned a number of takeovers announced prior to the pandemic.
The list of spurned companies features businesses similar to casinos in that they require large numbers of people to be in small spaces, with failed bids for theatre chain Cineplex Inc.
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Selected filters. All reviews gamers. Dave C wrote a review Jul Not worth a second chance. Poor service, tight slots, bad location, average food.
Other Ontario casinos offer so much more. Clientele was scary. Gateway is still Gateway. Read more. Date of experience: February Mike R wrote a review Mar Terrible place to be during this time..
They have Fallen VERY short to assure the health of any body visiting this Casino!! The washrooms Men's hand blow dryers were out of order All THREE of them?
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