Betting largefrom the below news release it looks like they are paying large for access to Penn's network.
Is this a one time fee? I'm sure there will be an annual fee as well.
GTLA.
Proceeds from the Private Placement will be used to facilitate the expansion of the Company’s sports betting platform in the United States including the funding of an upfront market access fee of US$7.5 million due to Penn National under the framework agreement. Closing of the Private Placement, expected to occur on or about August 9, 2019, is subject to approval of the TSX Venture Exchange.