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Market Monitor SPACs to the fore
that betting and gaming-related or gaming sector adjacent entities have certainly not been slow to join the bandwagon . In the wake of the DraftKings deal , which completed in early 2020 , operators Golden Nugget Online Gaming and Rush Street Interactive ( RSI ) have also taken the plunge , while in the related sphere Playstudios and more recently Genius Sports and Super Group have also successfully completed ( or announced ) listings via SPAC mergers .
Then there are the SPACs that are out there that have stated ambitions to target sports betting and related areas . By this report ’ s reckoning , there are at least half a dozen or more SPACs that have
“ There is an element that everyone has to dance at the moment . Every time there is a SPAC , it spawns more activity . These businesses now have to do deals ”
SANDFORD LOUDON , OAKVALE CAPITAL cited betting and gaming as areas of interest .
Matt Davey , the chief executive of Tekkorp , says that confluence is a “ great word to use ” when describing the coincidence of the enthusiasm for betting and gaming in the US right now and the SPAC boom .
“ When you think about SPACs on their own , there is a huge amount of liquidity in the public markets because of the current low interest rate regime and people are looking at high growth assets generally ,” he says . “ And in the gaming world , in the US you have perhaps the fastest growing sector in the betting and gaming market in the world right now .”
Foremost among those having iGB Market Monitor