The company noted that it has been reported that the developers of the New York Wheel have applied for an amendment to the original settlement agreement, including extending the standstill period to 7 January 2019.
READ: Challenger Acquisitions: New York Wheel developers have applied for extension to settlement agreement
It said additional meaningful developments on the New York Wheel will be reported in due course.
The group added that the developers of The Odyssey have reported that the Dallas City Plan Commissioners have approved the zoning changes for the land in South Dallas for a new entertainment area, which would include a Giant Observation Wheel called The Odyssey.
Challenger said the next stage is a review and approval by the Dallas City Council.
The company also announced that, further to its announcement on July 31, it has received the first £35,000 of the loan repayment from Star Sanctum ahead of the scheduled 30 September deadline.