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Tag Archives: Leisure Acquisition Corp.

Canada – Closure of Gateway’s sale to Leisure Acquisition Corp delayed until December

The sale of Canadian operator Gateway Casinos and Entertainment to New York City’s Leisure Acquisition Corp has been delayed by the coronavirus pandemic. Leisure Acquisition had agreed to buy the 27 casinos under the Gateway brand for $1.5bn with a closing date of April 5. That has now been pushed back to December 1. Leisure…

Canada – Canadian casino giant Gateway to merge with Leisure Acquisition Corp.

Gateway Casinos & Entertainment Limited, one of the largest and most diversified gaming and entertainment companies in Canada, is to merge with Leisure Acquisition Corp. in a transaction in a transaction with a pro forma enterprise valuation of approximately US$1.115bn Gateway, which is currently majority owned by The Catalyst Capital Group, has also announced that,…