Every 8-K that VIP PLAY INC (VIPZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VIPZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VIPZ filings page.
VIP Play, Inc. (VIPZ) is furnishing an investor presentation for use in a non-deal roadshow with current and potential investors. Management plans to use these materials to provide an update on current operations and major projects, and to outline strategic plans, goals, growth initiatives and outlook.
The presentation is attached as Exhibit 99.1 to this current report and is furnished rather than filed under securities laws, so it is not automatically incorporated into other securities law filings. VIP Play states that the presentation speaks only as of September 4, 2026 and disclaims any obligation to update it except as required by law.
VIP Play, Inc. details activity under a discretionary convertible revolving line of credit demand note with Excel Family Partners, controlled by its secretary and sole director Bruce Cassidy. The note has a stated principal amount of up to $14,000,000.
At the time the amended note was entered into, the outstanding principal balance was $12,097,000. VIP Play then borrowed an additional $1,170,000 in five draws between April 27, 2026 and June 17, 2026, and states that total outstanding principal under the note is $25,670,626 as of June 22, 2026.
Loans bear interest at a fixed annual rate of 12.0%, with all principal and interest due on demand. Upon default or certain insolvency events, the rate increases by 2 percentage points. Excel may convert any portion of the debt into common shares at 80% of the “Lowest Recent Price,” with a default reference price of $0.50 per share if no sales occurred in the prior 12 months.
VIP Play, Inc. filed an amended current report that removes prior disclosure about proposed executive stock option grants that have not been formally approved under its 2023 Stock Plan and restates the original filing. The amendment keeps the description of the discretionary convertible revolving line of credit with Excel Family Partners, controlled by director Bruce Cassidy. The Note allows borrowing up to $14,000,000; VIP Play had $12,097,000 outstanding when it was entered and drew an additional $1,500,000 in six loans from January 9 through February 13, 2026. As of February 19, 2026, total principal outstanding is $23,286,313, accruing interest at a fixed annual rate of 12.0%, with a possible default rate two percentage points higher and a right for Excel to convert debt to common shares at 80% of the “Lowest Recent Price.”
VIP Play, Inc. details increased borrowing under a related-party convertible credit arrangement. The company previously entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners in a principal amount of up to $14,000,000, controlled by its secretary and sole director, Bruce Cassidy. The outstanding principal was $12,097,000 when the note was signed, and VIP Play borrowed an additional $1,214,313 across seven draws between February 20 and April 17, 2026, bringing total outstanding principal to $24,500,626 as of April 20, 2026. The debt bears fixed interest of 12.0% per year, is payable on demand, and may be converted at Excel’s option into common stock at 80% of the “Lowest Recent Price,” with anti-dilution and reorganization adjustments described in the note.
VIP Play, Inc. describes increased borrowing under a discretionary convertible credit line with Excel Family Partners, an entity controlled by its secretary and sole director, Bruce Cassidy. The outstanding principal on this insider credit facility rose to $23,286,313 as of February 19, 2026, accruing interest at 12% per year and payable on demand.
Excel may convert any or all of the debt into common shares at a price equal to 80% of the “Lowest Recent Price,” with a floor of $0.50 per share if no stock sales occurred in the prior 12 months, and the terms include customary anti-dilution and reorganization adjustments. Separately, the board granted VP of Operations John Dermody options to buy 1,500,000 shares, vesting over four years under the company’s 2023 Stock Plan.
VIP Play, Inc. describes its use of a discretionary convertible revolving line of credit with Excel Family Partners, a partnership controlled by its secretary and sole director, Bruce Cassidy. The note allows borrowing up to $14,000,000 at a fixed 12.0% annual interest rate, payable on demand, with Excel deciding whether to fund any loans.
As of March 31, 2025, outstanding principal under the note was $12,097,000, and the company drew an additional $1,121,000 between December 12, 2025 and January 2, 2026. As of January 5, 2026, total outstanding principal is $21,786,313. Excel may elect to convert any or all of this debt into common shares at 80% of the “Lowest Recent Price,” defined as the lowest share sale price in the prior 12 months or $0.50 per share if no sales occurred. A default triggers an interest rate increase to 2.0 percentage points above the fixed rate.
VIP Play, Inc. reports updated borrowing activity under its discretionary convertible revolving line of credit with Excel Family Partners, a related party controlled by its secretary and sole director, Bruce Cassidy. The note allows borrowing of up to $14,000,000, carries a fixed annual interest rate of 12.0%, and is payable on demand.
As of the note’s execution date, total principal outstanding was $12,097,000, and the company borrowed an additional $1,008,270 in five draws from October 31 through November 26, 2025. As of December 3, 2025, aggregate principal outstanding under the note is $20,665,313. Excel may elect to convert any portion of the debt into common shares at a price equal to 80% of the “Lowest Recent Price,” with a floor of $0.50 per share if no sales occurred in the prior 12 months. The note also provides for proportional adjustments in the event of stock splits, combinations, reorganizations, or mergers.
VIP Play, Inc. filed a current report announcing that management is furnishing an investor presentation for use in meetings with current and potential investors. The presentation discusses the company’s plans, growth initiatives, outlook, and forecasts for future performance and industry development.
The company states that the materials are summary information and should be considered together with its other SEC filings and public announcements. The information provided, including Exhibit 99.1, is being furnished rather than filed, is not automatically incorporated by reference into other securities filings, and includes forward-looking statements with related risks described on page 2 of the presentation.
VIP Play, Inc. reported a governance change as its board of directors expanded from one to two members, effective November 19, 2025. The company’s outstanding Series B Convertible Preferred Stock holders are entitled to elect a majority of the seated or to-be-seated directors, and used this right to elect CEO Les Ottolenghi as a director.
Ottolenghi, age 63, has served as Chief Executive Officer, Principal Executive Officer and President since June 2, 2025, and now also joins the board. He previously held senior technology and transformation roles at Lee Enterprises, Stride Inc., Caesars Entertainment Corp., Las Vegas Sands Corp., and Carlson Wagonlit Travel, and has been recognized as Chief Information Officer of the year by several industry groups. The board currently has no committees, so any typical committee functions will be carried out jointly by both directors.
VIP Play, Inc. reported the termination of a key online gaming agreement and a related penalty demand. On October 24, 2025, Wheeling Island Gaming sent a notice terminating the Casino and Sportsbook Online Operations Agreement after VIP Play did not meet the Go-Live Date. The Operator is demanding an early termination penalty of $4,500,000.
The agreement had envisioned a ten-year term starting when VIP Play’s services were approved under West Virginia law and required regulatory approval from the West Virginia Lottery Commission, which was not obtained. VIP Play states it disputes the Operator’s entitlement to the penalty, citing lack of regulatory approval and other contract formation and enforcement concerns.
VIP Play, Inc. filed an 8-K detailing its First Amended and Restated Discretionary Convertible Revolving Line of Credit Demand Note with Excel Family Partners, LLLP, a related party controlled by Bruce Cassidy, the Company’s Secretary and sole director. The note allows borrowings at 12.0% interest, is payable on demand, and is uncommitted with loans made at Excel’s sole discretion. The Company cannot reborrow amounts once repaid and must give prior written notice to prepay, including all accrued interest.
The Company reported an aggregate outstanding principal balance of $12,097,000 as of the date it entered into the note, additional draws of $810,378 from October 10–24, 2025, and an aggregate outstanding principal balance of $19,657,043 as of October 24, 2025. Upon default or certain insolvency events, the interest rate increases to the Fixed Rate plus 2.00%. Excel may convert indebtedness into common shares at a price equal to 80% of the “Lowest Recent Price” over the prior 12 months, or $0.50 per share if no sales occurred in that period. Standard anti-dilution and reorganization adjustments apply.
VIP Play, Inc. filed an Item 9.01 Form 8-K reporting corporate equity actions. The company amended and restated its 2023 Stock Plan, effective October 3, 2025, and attached two Restricted Stock Unit (RSU) Agreements for Les Ottolenghi and John Dermody. The filing includes an interactive XBRL cover page exhibit and is signed by Les Ottolenghi, CEO on October 7, 2025.
The filing lists exhibit identifiers for the amended plan and the two RSU agreements but does not disclose award sizes, shares reserved, exercise prices, vesting schedules, or other economic terms. No financial statements or earnings data are included in the disclosed text.
VIP Play, Inc. describes additional borrowing activity under its First Amended and Restated Discretionary Convertible Revolving Line of Credit Demand Note with Excel Family Partners, a related party controlled by the company’s secretary and sole director, Bruce Cassidy. The note allows Excel, at its discretion, to lend up to $14,000,000, and is not a committed line of credit.
The company reports that the aggregate outstanding principal was $12,097,000 when the amended note was entered into, and that it borrowed an additional $926,000 in three draws from September 19, 2025 through October 1, 2025. As of October 3, 2025, total principal outstanding under the note is $18,846,665. The loans bear a fixed annual interest rate of 12.0%, are payable on demand, and may be prepaid with prior written notice and full payment of accrued interest.
Excel may convert all or part of the debt into common shares at a price equal to 80% of the “Lowest Recent Price,” defined as the lowest price per share at which the company sold shares in the prior 12 months, with a default of $0.50 per share if no sales occurred in that period. The note also includes adjustments for stock splits and similar corporate changes, and default interest increases the rate by 2 percentage points.
VIP Play, Inc. reported a software defect affecting its internal IT systems and applications during the weekend of August 23, 2025. The issue led to unauthorized player withdrawals that were processed by the company’s payment processor totaling approximately $200,000. The company states that the defect has been addressed and corrected, and it has notified applicable regulators.
VIP Play has begun recovering the funds from the implicated individuals and has recouped approximately $27,000 so far. It expects to recover the majority of the remaining balance over the coming months. The company does not believe this incident will have a material impact on its results for the first quarter of fiscal year 2026.
VIP Play, Inc. describes updated borrowing activity and key terms of its First Amended and Restated Discretionary Convertible Revolving Line of Credit Demand Note with Excel Family Partners, LLLP, a lender controlled by its Secretary and sole director Bruce Cassidy. The note allows borrowings up to a principal amount of not more than $14,000,000 and carries a fixed annual interest rate of 12.0%, with all principal and interest due on demand.
The company reports that the aggregate outstanding principal balance under the note was $12,097,000 when it was entered into, and that it drew an additional $630,000 between August 27, 2025 and September 10, 2025, resulting in an aggregate outstanding principal balance of $17,920,665 as of September 12, 2025. Excel may convert any portion of this debt into common stock at a price equal to 80% of the “Lowest Recent Price,” defined as the lowest price per share sold in the prior 12 months or $0.50 per share if no such sales occurred.
VIP Play, Inc. reports that it has again modified its financing arrangements with three investors by extending the maturity of existing convertible promissory notes, revising their conversion terms, and receiving an additional loan.
The original notes totaled $200,000 from Rick Hackel, $500,000 from Dennis Colletti, and $150,000 from The Access Fund I, LP, all bearing 12% annual interest and previously extended to maturity dates in 2025. Under a Second Amendment dated September 8, 2025, the Hackel and Access notes now mature on August 31, 2026, while the Colletti note matures on October 1, 2025.
The amendments also reset the conversion price to the lower of $0.60 per share or 80% of the lowest common stock sale price in the twelve months before maturity. In addition, Colletti and Access consented to Hackel providing an extra $100,000 convertible loan maturing on August 31, 2026, further expanding VIP Play’s convertible debt obligations.