Feeling bullish: Why SPACs are fueling the first wave of igaming IPOs

What is it about blank-check companies that appeals to operators and what exactly is exciting investors so much?

The term Special Purpose Acquisition Company (SPAC) appeared in the betting sector’s lexicon earlier this year as DraftKings announced its reverse merger with the blank-check company Diamond Eagle Acquisition Corporation (DEAC). As DraftKings tied up the deal, which included its acquisition of Europe-based betting platform provider SBTech, a seismic shift in the investment space occurred…

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