{"schema_version":"secwatch.filing_event.v1","accession":"0001393905-23-000054","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2023-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.922169+00:00","generated_at":"2026-06-19T18:17:54.723501+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"regulatory","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"KeyStar submits TN sports wagering license; CEO gets performance bonuses tied to revenue milestones","bullets":["CEO Mark Thomas receives $380K annual salary; eligible for performance bonuses up to $500K+ total comp based on Board-set milestones.","Thomas gets $50K cash bonus if KeyStar receives a TN sports betting license; $100K bonus for other new jurisdictions (capped at 0.01% of trailing 12-month handle).","If FY2022-2023 net loss is below $6.197M, Thomas earns 8% of the difference as a cash bonus.","KeyStar submitted TN sports wagering license application for ZenSports; TN had $440.4M handle and $49M revenue in Dec 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001393905-23-000054","json":"https://secwatch.observer/filing/0001393905-23-000054.json","markdown":"https://secwatch.observer/filing/0001393905-23-000054.md","text":"https://secwatch.observer/filing/0001393905-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000054/0001393905-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000054/keyr-20230206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T18:17:54.723501+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0522f3bc66","claim":"Mark Thomas was appointed as Chief Executive Officer at VIP Play, Inc..","evidence_excerpt":"On January 10, 2023, the Board appointed Mark Thomas (\" Thomas \") as the new Chief Executive Officer, Principal Executive Officer, President and Chief Technology Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000054/0001393905-23-000054-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}