Related Parties |
6 Months Ended |
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Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Parties | 16. Related Parties
Macquarie Bank Limited (“Macquarie Bank”) (a party to our interest rate swap agreements, as described in Note 8) and Macquarie Corporate Holdings Pty Limited (UK Branch) (“Macquarie UK”) (an arranger and lending party under our previous revolving credit facility (“RCF”) which was repaid on June 9, 2025) are affiliates of MIHI LLC, which beneficially owned approximately 11.5% of our common stock as of June 30, 2026. Under the interest rateswap agreement, interest expense payable to Macquarie Bank amounted to $6.0 million and interest receivable from Macquarie Bank amounted to $6.3 million, resulting in a net interest receivable to the Company of $0.3 million, for each of the three and six months ended June 30, 2026. With respect to our previous RCF, interest expense payable to Macquarie UK for the three months ended June 30, 2025 (including non-utilization fees) amounted to $0.0 million, and for the six months ended June 30, 2025 (including non-utilization fees) amounted to $0.1 million. MIHI LLC is also a party to a stockholders agreement with the Company and other stockholders, dated December 23, 2016, pursuant to which, subject to certain conditions, MIHI LLC, jointly with Hydra Industries Sponsor LLC, are permitted to designate two directors to be nominated for election as directors of the Company at any annual or special meeting of stockholders at which directors are to be elected, until such time as MIHI LLC and Hydra Industries Sponsor LLC in the aggregate hold less than % of the outstanding shares of the Company.
Richard Weil, the brother of A. Lorne Weil, our Executive Chairman, provides consulting services to the Company relating to our lottery operations under a consultancy agreement dated December 31, 2021, as amended and extended. The aggregate amount incurred by the Company in consulting fees was $37,500 for each of the three months ended June 30, 2026 and 2025, respectively, and $75,000 for each of the six months ended June 30, 2026 and 2025, respectively.
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