![]() ![]() Golden Nugget shares soared 29% premarket, while DraftKings was down 2.7%. The deal is expected to close in the first quarter of 2022. Golden Nugget Online Gaming Inc is an online gaming company that has Live Dealer and Live Casino Floor in the United States online gaming market. Under the terms of the deal, Golden Nugget shareholders will receive 0.365 DraftKings share per each share owned. DraftKings is expecting the deal to generate $300 million in synergies at maturity. As part of the deal, DraftKings has entered a commercial agreement with Fertitta Entertainment Inc., the parent company of the Houston Rockets, Golden Nugget LLC and Landry's LLC, and a leader in the gaming, restaurant, hospitality, and sports entertainment industry, the company said in a statement. The acquisition "will enable DraftKings to leverage Golden Nugget's well-known brand, iGaming product experience and existing combined database of more than 5 million customers," the sports betting company said in a statement. In an all-stock deal valued at about $1.56 billion. Said Monday it has entered an agreement to acquire Golden Nugget Online Gaming Inc. Golden Nugget Online Gaming is a leading online gaming company that is considered a market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online. ![]()
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