VIP Play, Inc. Signs Material Definitive Agreement

TL;DR

VIP Play, Inc. just signed a big deal, filing 8-K on 12/10/24.

AI Summary

On December 10, 2024, VIP Play, Inc. entered into a material definitive agreement. The company, formerly known as KeyStar Corp., is incorporated in Nevada and has its principal executive offices in Sarasota, Florida.

Why It Matters

This filing indicates a significant new contract or partnership for VIP Play, Inc., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement is a significant event that could carry substantial risks and rewards, depending on the nature of the agreement.

Key Players & Entities

• VIP Play, Inc. (company) — Registrant
• KeyStar Corp. (company) — Former company name
• December 10, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• Sarasota, Florida (location) — Address of principal executive offices

FAQ

Filing Documents

• form8-k.htm (8-K) — 35KB
• ex10-1.htm (EX-10.1) — 284KB
• 0001493152-24-050294.txt ( ) — 545KB
• vipz-20241210.xsd (EX-101.SCH) — 3KB
• vipz-20241210_lab.xml (EX-101.LAB) — 33KB
• vipz-20241210_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 10, 2024 (" Signing Date "), VIP Play, Inc., a Nevada corporation (" us ," " we " or " our ") entered into a Casino and Sportsbook Online Operations Agreement dated as of December 9, 2024 (the " Agreement ") with Wheeling Island Gaming, Inc., a Delaware corporation, that is the duly licensed owner and operator of the casino commonly referred to as Wheeling Island Hotel Casino Racetrack located near Wheeling, West Virginia (" Operator "). Operator is the holder of a license from the West Virginia Lottery Commission which permits Operator to operate, manage, administer, and make available online gaming services in West Virginia. Operator does not directly operate online gaming services in West Virginia, such as sports wagering and interactive wagering. Pursuant to the terms and conditions of the Agreement, Operator has granted us the right to seek and obtain licenses from the appropriate governing authority to offer and operate interactive online gaming services in West Virginia via the Internet, mobile or other remote or electronic device or data network. Interactive gaming services covered by the Agreement include online poker games, online casino games and online sports wagering (the " Services "). The initial term of the Agreement is for ten years from the date on which our online gaming services are approved for users to play in accordance with West Virginia gaming laws. Provided that there is not a material breach then continuing by us under the Agreement beyond any applicable notice and cure period, and the Agreement has not otherwise been terminated in accordance with its terms, we have the right to renew the Agreement. The terms of the Agreement call for a non-refundable fee to be paid in two equal installments, one within 30 business days from the Signing Date and the second within 90 business days from the Signing Date. The Agreement also requires us to pay Operator a percentage of ou

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 16, 2024 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 3

View Full Filing

View this 8-K filing on SEC EDGAR