secwatch / observer

VIP Play, Inc. — fact timeline

Source-grounded facts extracted from VIP Play, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VIPZ VIP Play, Inc. JSON
Debt Financings

VIP Play, Inc. incurred convertible notes of $1,170,000 with Excel Family Partners, LLLP at 12.0% maturing due and payable upon demand.

“We borrowed an additional aggregate amount of $1,170,000 in five separate draws under the Note from April 27, 2026 through June 17, 2026.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $1,214,313 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $1,214,313 in seven separate draws under the Note from February 20, 2026 through April 17, 2026.”
Debt Financings

VIP Play, Inc. amended convertible notes of $1,500,000 in six separate draws with Excel Family Partners, LLLP at fixed rate per annum equal to 12.0% maturing due and payable upon demand.

“We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.”
Debt Financings

VIP Play, Inc. incurred convertible notes of an additional aggregate amount of $1,121,000 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $1,121,000 in five separate draws under the Note from December 12, 2025 through January 2, 2026.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $1,008,270 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $1,008,270 in five separate draws under the Note from October 31, 2025 through November 26, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $810,378 in three separate draws with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $810,378 in three separate draws under the Note from October 10, 2025 through October 24, 2025.”
Auditor Changes

VIP Play, Inc. engaged Frank, Rimerman + Co. LLP as its auditor.

“On October 15, 2025, we engaged Frank, Rimerman + Co. LLP (“ Frank Rimerman ”) as our independent registered public accounting firm, effective immediately.”
Auditor Changes

VIP Play, Inc. dismissed Grassi & Co., CPAs, P.C. as its auditor.

“VIP Play, Inc. (the “ Company ,” “ us ,” “ our ”) dismissed Grassi & Co., CPAs, P.C. (“Grassi”) as our independent registered public accounting firm, effective October 15, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $926,000 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $926,000 in three separate draws under the Note from September 19, 2025 through October 1, 2025.”
Debt Financings

VIP Play, Inc. incurred revolving credit of $630,000 in three separate draws with Excel Family Partners, LLLP at 12.0% maturing due and payable upon demand.

“We borrowed an additional aggregate amount of $630,000 in three separate draws under the Note from August 27, 2025 through September 10, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $100,000 with Rick Hackel maturing August 31, 2026.

“the Second Amendment entered into by Colletti and Access contains a consent to Hackel loaning an additional $100,000 to us, which Hackel did on September 9, 2025. Hackel’s additional $100,000 loan is evidenced by the same Form of Convertible Promissory Note used for the Notes, with a maturity date of August 31, 2026”
Debt Financings

VIP Play, Inc. amended convertible notes of $200,000, $500,000, and $150,000, respectively with Rick Hackel, Dennis Colletti, The Access Fund I, LP at twelve percent (12%) per annum maturing August 31, 2026; October 1, 2025; and August 31, 2026, respectively.

“we entered into a Convertible Note Purchase Agreement (the “ Purchase Agreement ”) and a Convertible Promissory Note with Rick Hackel (“ Hackel ”) in the principal amount of $200,000 (the “ Hackel Note ”); and (ii) August 28, 2023, we entered into a Purchase Agreement and a Convertible Promissory Note with Dennis Colletti (“ Colletti ”) in the principal amount”
Debt Financings

VIP Play, Inc. incurred convertible notes of $824,665 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $824,665 in four separate draws under the Note from August 1, 2025 through August 20, 2025.”
Debt Financings

VIP Play, Inc. amended convertible notes of principal amount of not more than $14,000,000 with Excel Family Partners, LLLP at fixed rate per annum equal to 12.0% maturing due and payable upon demand.

“the Company entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of not more than $14,000,000 (the “ Note ”)”
Debt Financings

VIP Play, Inc. amended convertible notes of principal amount of not more than $14,000,000 with Excel Family Partners, LLLP at fixed rate per annum equal to 12.0%.

“Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of not more than $14,000,000 (the “ Note ”). Excel is controlled by Mr. Bruce Cassidy, our Secretary and sole member of our board of directors. The Note does not constitute a committed line of credit. Loans”
Debt Financings

VIP Play, Inc. incurred loan of $15,161,000 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“As of June 19, 2025, the aggregate outstanding principal balance of all loans under the Note is $15,161,000.”
Debt Financings

VIP Play, Inc. incurred debt of $650,000 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $650,000 in two separate draws under the Note on June 10, 2025 and June 18, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of an additional aggregate amount of $880,000 with Excel Family Partners, LLLP at 12.0%.

“We borrowed an additional aggregate amount of $880,000 in two separate draws under the Note from May 9, 2025 through May 28, 2025.”

Les Ottolenghi was appointed as Chief Executive Officer, Principal Executive Officer and President at VIP Play, Inc..

“The Company entered into an Employment Agreement with Mr. Les Ottolenghi (the " Agreement ") in connection with his appointment by our board of directors as our new Chief Executive Officer, Principal Executive Officer and President, effective as of June 2, 2025.”

Bruce A. Cassidy resigned as interim Chief Executive Officer and Principal Executive Officer at VIP Play, Inc..

“Effective June 2, 2025, Mr. Bruce A. Cassidy resigned as our interim Chief Executive Officer and Principal Executive Officer.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $13,631,000 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“As of May 15, 2025, the aggregate outstanding principal balance of all loans under the Note is $13,631,000.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $1,009,000 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

“We borrowed an additional aggregate amount of $1,009,000 in four separate draws under the Note from April 17, 2025 through May 13, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of principal amount of not more than $14,000,000 with Excel Family Partners, LLLP at 12.0%.

“In a Current Report on Form 8-K filed on April 2, 2025, VIP Play, Inc., a Nevada corporation (the “ Company, ” “ we ” or “ our ”) disclosed that on March 31, 2025 the Company entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of not more than $14,000,000 (the “ Note ”).”
Debt Financings

VIP Play, Inc. incurred convertible notes of $740,000 with Excel Family Partners, LLLP at 12.0% maturing April 1, 2025.

“We borrowed an additional aggregate amount of $740,000 in four separate draws under the Note from March 7, 2025 through March 14, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $773,000 with Excel Family Partners, LLLP at 12.0% maturing April 1, 2025.

“We borrowed an additional aggregate amount of $773,000 in four separate draws under the Note from February 20, 2025 through March 5, 2025.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $210,000 with Excel Family Partners, LLLP at 12.0% maturing April 1, 2025.

“We borrowed an additional $190,000 and $210,000 under the Note on February 3, 2025 and February 12, 2025, respectively.”
Debt Financings

VIP Play, Inc. incurred convertible notes of $190,000 with Excel Family Partners, LLLP at 12.0% maturing April 1, 2025.

“We borrowed an additional $190,000 and $210,000 under the Note on February 3, 2025 and February 12, 2025, respectively.”
Debt Financings

VIP Play, Inc. incurred debt of an additional $325,000 with Excel Family Partners, LLLP at 15.0% maturing upon demand.

“ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)”
Debt Financings

VIP Play, Inc. incurred credit facility of $5,685,000 aggregate outstanding principal balance as of April 25, 2024 (including additional borrowing of $475,000 on A with Excel Family Partners, LLLP at 15.0% fixed per annum maturing Due upon demand.

“On April 24, 2024, we borrowed an additional $475,000 under the Note. As of April 25, 2024, the aggregate outstanding principal balance of all loans under the Note is $5,685,000.”
Debt Financings

VIP Play, Inc. incurred loan of an additional $400,000 with Excel Family Partners, LLLP at 15.0%.

“ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)”
Debt Financings

VIP Play, Inc. incurred debt of $350,000 with Excel Family Partners, LLLP at 15.0%.

“ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)”
Debt Financings

VIP Play, Inc. incurred loan of $350,000 with Excel Family Partners, LLLP at 15.0%.

“ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)”
Debt Financings

VIP Play, Inc. incurred debt of $2,000,000 with Excel Family Partners, LLLP.

“In a Current Report on Form 8-K filed on January 4, 2024, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”) disclosed that on December 29, 2023 the Company entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership in the principal amount of not more than $2,000,000 (the “ Note ”).”

James Mackey was appointed as Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer at VIP Play, Inc..

“On March 1, 2024, the board of directors of the Company (the “ Board ”) appointed James Mackey (“ Mackey ”) as the Company’s new Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer, effective immediately.”
Debt Financings

VIP Play, Inc. amended loan of $1,700,000 with John Linss at 5% per annum maturing April 1, 2026.

““ Purchase Agreements ”) for the purchase of the Shares. The Company paid $300,000 at the closing and entered into a promissory note (the “ Note ”) with Linss for the remaining $1,700,000 of the purchase price. The Note bears interest at a rate of 5% per annum, does not include early prepayment penalties, and requires the following payments: (i) no less than”

Walter Tabaschek resigned as Chief Financial Officer at VIP Play, Inc..

“Effective January 29, 2024, Mr. Walter Tabaschek (“ Tabaschek ”) resigned as KeyStar Corp’s., a Nevada corporation (the “ Company ”) Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Treasurer.”
Auditor Changes

VIP Play, Inc. engaged Grassi & Co., CPAs, P.C. as its auditor.

“r “ our ”), approved the engagement of Grassi & Co., CPAs, P.C. (“ Grassi ”) as our new independent registered public accounting firm, effective immediately.”
Debt Financings

VIP Play, Inc. incurred credit facility of principal amount of not more than $2,000,000 with Excel Family Partners, LLLP at fixed rate per annum equal to 15.0% maturing upon demand.

“On December 29, 2023, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”), entered into a Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of not more than $2,000,000 (the “ Note ”).”

Bruce Cassidy resigned as interim Chief Financial Officer at VIP Play, Inc..

“In connection with these appointments, Bruce Cassidy resigned as the interim Chief Financial Officer of the Compan”

Walter Tabaschek was appointed as Chief Financial Officer at VIP Play, Inc..

“On November 2, 2023, the Board appointed Walter Tabaschek (“ Tabaschek ”) as the new Chief Financial Officer, Principal Financial and Accounting Officer and Treasurer of the Company. Tabaschek’s employment begins November 17, 2023.”

Jacob Shrader changed role as Chief Operations Officer at VIP Play, Inc..

“On November 1, 2023, the board of directors of the Company (the “ Board ”) appointed Jacob Shrader (“ Shrader ”) as the Company’s new Chief Operations Officer, effective immediately.”

Bruce Cassidy was appointed as interim Chief Executive Officer at VIP Play, Inc..

“In connection with Thomas’ resignation, Bruce Cassidy was appointed as the interim Chief Executive Officer of the Company.”

Mark Thomas resigned as Chief Executive Officer at VIP Play, Inc..

“Effective October 31, 2023, Mr. Mark Thomas (“ Thomas ”) resigned as KeyStar Corp’s., a Nevada corporation (the “ Company ”) Chief Executive Officer, Principal Executive Officer, President, Chief Technology Officer, interim Chief Financial Officer and interim Treasurer.”
Debt Financings

VIP Play, Inc. amended credit facility of $10,000,000 with Excel Family Partners, LLLP at 15.0% per annum maturing on demand.

“On September 14, 2023, KeyStar Corp., a Nevada corporation (the " Company, " " we " or " our "), entered into a Fourth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (" Excel ") in the principal amount of not more than $10,000,000 (the " Note "). The Note amends and restates that certain Third Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note between us and Excel entered into on July 18, 2023 in the principal amount of not more than $5,000,000 (the " Former Note ").”

Mark Thomas was appointed as Acting Chief Financial Officer at VIP Play, Inc..

“Mark Thomas, our current Chief Executive Officer, Principal Executive Officer and President since January 10, 2023, has agreed to serve as our acting CFO on an interim basis until such time as we appoint a new permanent CFO.”

Anthony Fidaleo departed as Chief Financial Officer at VIP Play, Inc..

“On and effective as of September 15, 2023, Anthony Fidaleo departed as our Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Treasurer (collectively, our “ CFO ”).”
Auditor Changes

VIP Play, Inc. engaged Sadler, Gibb & Associates, LLC as its auditor.

“o an engagement letter dated August 15, 2023, KeyStar Corp., a Nevada corporation (the “ Company ,” “ we ” or “ our ”) engaged Sadler, Gibb & Associates, LLC (“ Sadler ”) to audit our financial statements”
Auditor Changes

Sadler, Gibb & Associates, LLC resigned as auditor of VIP Play, Inc..

“on August 31, 2023, we received a letter of resignation from Sadler stating that it is resigning, effective immediately, as our independent registered public accounting firm”
Debt Financings

VIP Play, Inc. incurred convertible notes of $200,000 for Hackel Note and $500,000 for Colletti Note, part of a $2,000,000 aggregate offering with Rick Hackel; Dennis Colletti at 12% per annum maturing one year from issuance date.

“On August 23, 2023, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”), entered into a Convertible Note Purchase Agreement (the “ Purchase Agreement ”) and a Convertible Promissory Note with Rick Hackel (“ Hackel ”) in the principal amount of $200,000 (the “ Hackel Note ”). On August 28, 2023, we entered into a Purchase Agreement and a Convertible Promissory Note with Dennis Colletti (together with Hackel, “ Investors ”) in the principal amount of $500,000 (together with the Hackel Note, the “ Notes ”).”
Debt Financings

VIP Play, Inc. incurred credit facility of not more than $5,000,000 with Excel Family Partners, LLLP at 15.0% per annum maturing upon demand.

“On July 18, 2023, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”), entered into a Third Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of not more than $5,000,000 (the “ Note ”). The Note amends and restates that certain Second Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note between us and Excel entered into on February 24, 2023 in the principal amount of not more than $4,000,000 (the “ Former Note ”). Excel is controlled by Mr. Bruce Cassidy, our Secretary and sole member of our board of directors (the “ Board ”). The Note does not constitute a committed line of credit. Loans under the Note are made by Excel in its sole and absolute discretion. Upon repayment of any amount of principal or interest under the Note, we may not reborrow under the Note. All loans made under the Note accrue int”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.