Leisure terminates the $1.1bn merger with Gateway.

Leisure Acquisition, a special purpose acquisition company, terminates the $1.1bn merger with Catalyst Group-backed Gateway, the operator of Gateway Casinos & Entertainment. HG Vora Capital Management, on behalf of certain of its affiliates, supported the transaction through a $30m equity commitment. The deal was initially set to close by April, but the deadline was extended after the coronavirus pandemic forced the gaming company to shut down its casinos. Leisure, a special-purpose acquisition company, must find a business to take over by December 1 or return its cash to shareholders.