The Illinois Gaming Board confirmed Thursday that it had approved Tekkorp Corporation’s withdrawal of its application for one of the state’s three online-only sports wagering licenses and announced that the period for submitting applications for the supplemental bidding process will open Tuesday.
The announcement by IGB Administrator Marcus Fruchter was expected given that, earlier this month, Tekkorp announced it would not seek shareholder approval to extend talks with Playtech, Caliente Interactive, and Caliplay. The decision led to the winding down of the special purpose acquisition company (SPAC) the two sides had planned as part of the bid, effectively ending the pursuit of entry into the Illinois market. Fruchter disclosed during Thursday’s state agency meeting that Tekkorp made the request to withdraw its application on Oct. 14, and he approved the request three days later.
