Leisure Acquisition calls off deal to buy PE-backed Gateway Casinos: Reuters

U.S.-based Leisure Acquisition Corp has called off a deal to buy Gateway Casinos that would have helped the Vancouver, British Columbia-based gaming and casino operator to go public, reported Reuters.

U.S.-based Leisure Acquisition Corp, a blank check company, has called off a deal to buy Gateway Casinos that would have helped the Vancouver, British Columbia-based gaming and casino operator to go public, reported Reuters. The reverse merger deal was announced earlier this year at a value of US$1.5 billion. Leisure Acquisition did not say why the transaction was cancelled. Gateway is majority owned by Catalyst Capital Group.