Jackpot Provides Update on Spinout of iGaming Company
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Jackpot Digital Inc. (TSX:JJ) announced the spinout of iGaming company Jackpot to Yo Eleven Gaming Inc (OTCQB:JPOTF, Frankfurt:LVH3, Berlin: LVH4). The record date to be eligible to receive Spinco shares as a dividend is Wednesday, July 21, 2021. The shares start trading ex-dividend on Tuesday, 20 July 2021, and the SpinCo's name is Yo 11 Gaming. Yo11 has the same four directors as JackPot, plus a fifth director Howard Blank of Vancouver, BC. Mr. Blank is a 25-year veteran executive and industry leader in the gaming entertainment, media and NPO sectors.
Jackpot Provides Update on Spinout of iGaming Company.
The Company’s proposed spin-out of its online gaming software assets to Yo Eleven is forward-looking. Forward- looking statements are subject to a variety of risks and uncertainties and could cause actual events or results to differ from those expressed or implied. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSZV Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of the news releases.
