Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) is a new company established by the blank check Landcadia Holdings II, Inc. (NASDAQ: LCA) to acquire Golden Nugget Online Gaming, Inc., and will soon be listed on NASDAQ under the new stock code .
Golden Nugget Online Gaming (GNOG):
On June 29, 2020, Tilman J. Fertitta and Landcadia Holdings II, Inc. (NASDAQ: LCA, “Landcadia II”) announced today that Landcadia II has reached a purchase agreement to acquire Golden Nugget Online Gaming, Inc. (“GNOG”), the latter is an American online real money casino owned by Tilman Fertitta, recognized by peers and customers as the industry’s leading online casino, which will be Live Dealer (Real beauty dealer^_^) brought it to the American market. Landcadia II is a special purpose public acquisition company jointly initiated by Fertitta Entertainment, Inc. and Jefferies Financial Group Inc..
GNOG will become the only two listed online casino companies in the United States. The transaction is expected to be completed in the third quarter of this year. After the transaction closes, Landcadia II intends to change its name to Golden Nugget Online Gaming, Inc., and change its Nasdaq trading code to GNOG.
Rich Handler, Co-Chairman of Landcadia II and CEO of Jefferies LLC said: “GNOG is one of the best companies to take advantage of this huge online gaming opportunity in the United States.” “Jefferies is pleased to partner with Tilman and bring this huge opportunity to the public market. .”
Golden Nugget is well-known throughout the United States, and its iGaming business is a well-known company in New Jersey, the largest online gaming market in North America. GNOG has obtained market access in Pennsylvania and Michigan, pending regulatory approval, and is expected to launch its online casino brand in each of these new markets in early 2021.
GNOG is known as an outstanding operator in the US online game market among its peers in the industry, and has won the EGR North American Best Operator Award for three consecutive years. GNOG is known for its innovations, including the launch of live dealers throughout New Jersey, live casino gambling and many exclusive slot games to mobile devices, tablets and computers, and top-notch 24/7 customer support.
Tilman J. Fertitta will continue to serve as Chairman and CEO of GNOG, and Thomas Winter, who was invited to develop the Golden Nugget Online Gaming business, will continue to serve as President of GNOG. In the seven years since Thomas Winter started Golden Nugget’s iGaming business in New Jersey, revenue and profit margins have increased every year despite the competition for more financial resources. Fertitta said: “Golden Nugget is one of the oldest brands in the gaming industry today. When customers hear the name Golden Nugget, they know they are dealing with a trusted online gaming company. Thomas and his team do It is outstanding and the best in the industry. Through this transaction, there will be a chance to obtain growth capital for rapid business development.”
Golden Nugget Online Gaming (GNOG) investment:
It has not yet been listed under the GNOG code, and the current code is still not: LCA .