Risk Factors Update Summary
- Revenue diversification: Addition of revenue streams from multiple branded partners, enhancing financial stability.
- Financial dependence: Reliance on public financing and debt for operations, with potential risks.
- Competitive landscape: Operating in highly competitive industries, facing challenges in attracting guests and raising capital.
- Expansion risks: Development of sports betting, fantasy sports, and eSports operations subject to various laws.
- Material weakness: Identified internal control weakness impacting financial reporting, investor confidence, and stock value.
- Liquidity concerns: Accumulated deficit of $216.6 million, requiring additional liquidity and capital resources.
- Financial reporting risks: Failure to comply with reporting obligations could impact financial condition and investor confidence.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1708176&owner=exclude
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