other material
confidence high
sentiment positive
materiality 0.75
VIP Play signs online gaming pact with Wheeling Island for West Virginia market
VIP Play, Inc.
- 10-year agreement dated Dec 9, 2024 gives VIP Play rights to offer poker, casino & sports wagering under Wheeling Island's license.
- Non-refundable fee payable in two equal installments: within 30 and 90 business days from signing.
- Revenue share based on net gaming revenue with a minimum annual guarantee payable quarterly.
- VIP Play must obtain service licenses from West Virginia Lottery Commission to launch operations.
- Agreement renewable unless material breach; Wheeling Island owns/operates Wheeling Island Hotel Casino Racetrack.