Possible trouble with the purchase of GNOG DraftKings is just finding itself in all sorts of legal messes lately. A law firm has announced an investigation into the sports betting company’s acquisition of Golden Nugget Online Gaming (GNOG) for potential violations of securities law and a British bookmaker has sued DraftKings for patent infringement. Let’s… Read more »
DraftKings has announced that it will acquire Golden Nugget Online Gaming (GNOG) for $1.56 billion. The purchase will be an all-stock transaction, no cash. The sports betting company will get GNOG’s brand, products, and arguably most importantly for DraftKings, its database of 5 million customers. “Our acquisition of Golden Nugget Online Gaming, a brand synonymous… Read more »
GNOG close to moving out of its parents’ house The New Jersey Casino Control Commission gave Golden Nugget Online Gaming (GNOG) a double-win on Wednesday, granting it an internet gaming license and approving its merger with Landcadia Holdings II, paving most of its way to becoming a publicly traded company. Though Golden Nugget has an… Read more »
Reverse merger Golden Nugget announced on Monday that it will taking its online gambling business unit, Golden Nugget Online Gaming, Inc. (GNOG), public. Once the process comes to fruition, GNOG will become the second “pure” online casino company, as the announcement put it, to be publicly traded. GAN was the first, going public in early… Read more »
