May 6, 2021, 3:54 pm ·
Sydney-based online casino games maker Lightning Box is set to launch some of its most popular titles with major online gambling operator Betway, news emerged Thursday.
As part of a newly signed content deal, the supplier has delivered some of its most iconic slots, including Chicken Fox 5x Skillstar, Kalahari Safari, Extreme Fishing, Blown Away, Spartan Fire, Eagle Sun, and Lightning Leopard, among others, to Betway.
The integration was carried out
via SG Digital, the online gaming division of Scientific Games, and follows an earlier integration of Lightning Box slots with the iGaming operator via Microgaming.
Founded in 2004 by Aristocrat and IGT veteran game designers Peter Causley and David Little, Lightning Box is an ever-growing developer and supplier of omni-channel video slot solutions for the global casino industry.
Will Honest s IPO Take More Shine Off SPACs?
Muted SPAC M&A pops could spark a shift back to the traditional, longer IPO process for private companies. Hoffman and Pincus file for 4th SPAC.
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Are Traditional IPOs Back in Favor?
The SPAC boom was partly fueled by the myriad of advantages that private companies were given by choosing SPAC as their path to public markets, to name a few:
- a faster/far less arduous offering process
- ability to sell investors on
future projections
Following
The Honest Company (HNST) highly successful day-1 IPO, it s fair to ask if more companies will follow their patient lead in the traditional IPO process. They were famously an early unicorn and then, infamously, lost their unicorn status in a down financing round. Yet the company ultimately recovered, and now are close to profitability and have a $2B valuation after closing yesterday up +44%.
What s Next for SPACs
With prices, mood, interest, IPO valuation, and deal valuations all coming down, SPAC investors are asking what comes next.
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SPACs joined Tuesday s tech selloff with the average price of a pre-deal SPAC hitting $9.90 that s 10 cents below NAV. It s ironic that in a SPAC market that is much more rational (and tradable) than during peak SPAC earlier this year investors have lost much of their enthusiasm.
Volume across the board has gone down for SPACs with an
average daily volume dropping from 580,000 in February dropping to 104,000 in April. In some ways this is good as the higher volumes were partly a sign of some irrational SPAC exuberance, but at these levels investors will be very worried about efficiently pricing as they get in / out of SPACs.
Moore Kuehn Encourages LEAF, SEAH, HGV, and BLUW Investors to Contact Law Firm
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NEW YORK, May 3, 2021 /PRNewswire/ Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:
LEAF GROUP LTD. (NYSE: LEAF)
A proxy was recently filed with the SEC regarding Graham Holdings Company s acquisition of LEAF GROUP. Upon completion of the merger, LEAF shareholders will receive $8.50 in cash per share. The investigation concerns whether LEAF s board of directors oversaw an unfair process and ultimately agreed to an inadequate price.
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The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public. Several other SPAC deals were announced throughout the week along with a couple rumors that could be worth a watch this week. Benzinga s SPACs Attack covered the deals and news of the week.
Here is a look back at the announced deals, rumors and some top headlines.
SPAC Deals
On Sunday, online sports betting and gaming company Super Group Holding, the owner of Betway and Spin, announced a SPAC deal with Sports Entertainment Acquisition Corp (NYSE: SEAH) valuing the company at $4.75 billion. Super Group is licensed in 23 jurisdictions with plans to use its scale and technology to expand into additional territories. In the 12-month period ending March 2021, Super Group had over $42 billion of wagers and 2.5 million monthly unique active customers.