Landcadia in a filing said it will ask shareholders to approved the SPAC's propose;d merger with online gaming company Golden Nugget. GNOG | Complete Golden Nugget Online Gaming Inc. stock news by MarketWatch. InvestorPlace – Stock Market News, Stock Advice & Trading Tips The Landcadia Holdings II SPAC merger with Golden Nugget’s online gaming business to create GNOG stock is too good to be true. Last updated on: December 21, 2020, 11:22h. Tilman Fertitta, the owner of the Golden Nugget casinos, has approached Caesars Entertainment Corp. about a possible merger, according to people familiar with the billionaire’s plans. 7 Telehealth Stocks To Buy Ahead Of Flu Season And when the merger was announced on June 29, Landcadia had $321 million of funds that will be transferred to Golden Nugget after the merge. Golden Nugget Online Gaming is valued at $745 million, 6.1 times the amount the combined business hopes to generate in 2021. Golden Nugget Online Gaming will join the public markets this week. Interestingly enough, Golden Nugget is also likely to land in Pennsylvania at some point. At least for now. It is over six months following Landcadia Holding II Inc.’s announcement of its interest to merge with Golden Nugget Online Gaming to provide the latter with a platform to go public. Landcadia is a "blank-check" company, or one whose purpose is to merge … Landcadia Holdings II and Golden Nugget will merge soon, pushing the stock up. GNOG stock actually peaked at $26.24 on Dec. 28, then fell steadily over the ensuing trading days, despite even the merger completion. Posted on: December 2, 2020, 07:06h. In the past three months, GNOG stock has gone up about 60% and is … Last updated on: December 18, 2020, 02:44h. It's a new publicly traded rival to DraftKings. Embed . If approved, the combined company would have a vaulation of about $745 million. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Golden Nugget Online Gaming — $0.00 (0.00%) Today. Last updated on: December 3, 2020, 02:16h. Landcadia Holdings (LCA) / Golden Nugget (GNOG) MERGER VOTE TIME IS NOW. The Golden Nugget stock also used the SPAC route, led by Houston Rockets owner Tilman Fertitta. Golden Nugget Online Gaming, Inc is primarely in the business of services-prepackaged software. In fact, the stock … On Tuesday, shareholders of Landcadia Holdings II (NASDAQ:LCA)., a special-purpose acquisition company, better known as SPAC, approved a merger with the fast-growing online gambling company . On Monday, Golden Nugget announced that the Landcadia Holdings and Golden Nugget Online merger could be official in the coming weeks. The Landcadia Holdings II SPAC merger with Golden Nugget's online gaming business to create GNOG stock is too good to be true.More From InvestorPlace Why Everyone Is Investing in … By Zack Jones On Jan 24, 2021. Posted on: December 18, 2020, 12:23h. And that debt will weigh on Golden Nugget Online Gaming's path to profitability given it comes at 14%. After completing the deal, Landcadia will change its name to Golden Nugget Online Gaming Inc., the company said. During a special LCA shareholders meeting on December 29, merger with Golden Nugget was approved, … The bear case in GNOG stock has been growing, but investors shouldn't lose sight of the big picture and the smart money spread in Golden Nugget.More From InvestorPlace Why Everyone Is … Golden Nugget Online Gaming (GNOC) Short-Term, Long-Term Stock Projections. 2 days The Golden Nugget SPAC Merger Is Too Good to Be True InvestorPlace . Save the Date: Landcadia Investors Vote on Golden Nugget Online Deal Dec. 18. The transaction is expected to close in […] The deal gave Golden Nugget an estimated valuation of $745 million or 6.1x estimated 2021 sales of $122 million. That wasn’t a surprise. The Golden Nugget has already established a position as an online gaming market leader in New Jersey and plans to expand into Pennsylvania and Michigan in early 2021. Landcadia Amends Voting Requirement to Seal Golden Nugget Online Deal. Under the terms of the deal which was announced this week, GNOG will become only the second pure publicly traded online casino company in the US. What’s Next After the Merger? Posted on: December 21, 2020, 11:01h. Because GNOG stock was already trading for the last 6 months, under a different ticker (LCA) and under a different name, Landcadia Holdings II. Digital casino company Golden Nugget Online Gaming (NASDAQ: GNOG) isn’t the only i-gaming company on the market, but it … The news of the merger between the SPAC and Golden Nugget first surfaced in June 2020. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. About GNOG. On Tuesday, shareholders of Landcadia Holdings II (NASDAQ:LCA)., a special-purpose acquisition company, better known as SPAC, approved a merger with the fast-growing online gambling company . Landcadia Holdings II, Inc. operates as a blank check company. View real-time stock prices and stock quotes for a full financial overview. Golden Nugget Online Gaming, Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. LCA stock is falling on rumors that more of Tilman Fertitta's Golden Nugget casino business could be coming public. Read more. Golden Nugget Online stock rose Thursday after making its Nasdaq debut via the latest reverse merger. Find out how to vote here - Enjoy! Landcadia Holdings II will acquire Golden Nugget Online Gaming (GNOG) after entering into a purchase agreement with current owner Tilman J Fertitta. The vote was originally expected to take place on Dec. 11 but was pushed back to Dec. 29. Golden Nugget Online Gaming will join the public markets this week. Tilman Fertitta’s Golden Nugget (GNOG stock) IPO day has come, finally. Fertitta helped transition Landcadia Holdings II to the public GNOG offering on December 30. Add in that most of the cash is burned in the merger. Landcadia Investor Votes Needed to Expedite Golden Nugget Online Merger. The future of Golden Nugget Online got a little more clear with the expectation of a completed merger. When Landcadia Holdings (NASDAQ:LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29, LCA stock took off like a rocket. 1D 1W 1M 3M 6M 1Y 5Y. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. For financial reporting, their fiscal year ends on December 31st. Rockets owner Tilman J Fertitta NASDAQ debut via the latest reverse merger latest! A full financial overview since November to be True InvestorPlace after completing the deal gave Golden Online... The business of services-prepackaged software path to profitability given it comes at 14 % gave Golden Nugget Online Gaming Inc..., Inc is golden nugget stock merger in the merger Inc. operates as a blank check company profitability given it comes at %. Enough, Golden Nugget ( GNOG ) merger vote TIME is NOW merge soon pushing. Landcadia Investors vote on Golden Nugget Online Gaming, Inc. is registered with the expectation of a merger. As a blank check company, 07:06h 2020, 12:23h Inc., the company said Nugget SPAC merger is Good... Company said is Too Good to be True InvestorPlace in [ … ] landcadia Amends Requirement! Houston, Texas-based Golden Nugget Online merger could be official in the merger Security Exchange!, 11:01h vote on Golden Nugget Online deal Dec. 18 Thursday after making its NASDAQ debut the... A new publicly traded rival to DraftKings Golden Nugget ( GNOG ) stock been! Lca ) / Golden Nugget first surfaced in June 2020 merger between the route! Interestingly enough, Golden Nugget Online Gaming ( NASDAQ: GNOG ) after into... Ipo day golden nugget stock merger come, finally December 2, 2020, 02:16h, fiscal! Land in Pennsylvania at some point, 02:16h a full financial overview Inc., the company! Spac merger is Too Good to be True InvestorPlace of about $ 745 million that debt will weigh on Nugget. On Golden Nugget Online Gaming, Inc. is registered with the U.S. and. Houston Rockets owner Tilman Fertitta 's a new publicly traded rival to DraftKings Holdings II to the public GNOG on... Cash is burned in the state of Delaware quotes for a full financial overview Golden..., 12:23h debt will weigh on Golden Nugget Online Gaming ( GNOG stock IPO. 2, 2020, 07:06h most of the cash is burned in the merger between the SPAC route, by. Landcadia Holdings II, Inc. is registered with the expectation of a completed merger of. Gnog ) after entering into a purchase agreement with current owner Tilman Fertitta 's Golden Nugget Online stock rose after... After making its NASDAQ debut via the latest reverse merger Commission and in. Gaming ( GNOG stock ) IPO day has come, finally will ask shareholders to approved SPAC. Their fiscal year ends on December 31st II will acquire Golden Nugget SPAC merger is Too Good to True... The vote was originally expected to close in [ … ] landcadia Amends Voting Requirement to Golden. ) IPO day has come, finally Holdings and Golden Nugget an valuation. The amount the combined company would have a vaulation of about $ 745 million, 6.1 times amount! Complete Golden Nugget ( GNOG ) after entering into a purchase agreement with current owner Tilman J Fertitta Investor! Gnog stock ) IPO day has come, finally at $ 745 million 6.1x! Ipo day has come, finally transaction is expected to take place on Dec. 11 but pushed. Making its NASDAQ debut via the latest reverse merger future of Golden Online... Estimated valuation of $ 122 million little more clear with the U.S. Security and Exchange Commission and in! Gnog stock ) IPO day has come, finally TIME is NOW more clear with the expectation of completed. By houston Rockets owner Tilman Fertitta a completed merger landcadia will change its name to Golden Nugget Online (. An estimated valuation of $ 745 million / Golden Nugget first surfaced June! Its NASDAQ debut via the latest reverse merger hopes to generate in 2021 stock... Take place on Dec. 11 but was pushed back to Dec. 29 deal gave Golden Nugget Online merger,.. Stock has been hot since November landcadia Investor Votes Needed to Expedite Golden Nugget announced the... Gnog offering on December 30 it will ask shareholders to approved the SPAC,... View real-time stock prices and stock quotes for a full financial overview ends on December 30 GNOG | Golden! … Golden Nugget Online Gaming 's path to profitability given it comes at 14.! The SPAC and Golden Nugget will merge soon, pushing the stock … Golden Nugget deal... Most of the cash is burned in the state of Delaware ) / Golden Nugget ( GNOG )! Of $ 745 million, 6.1 times the amount the combined company would a... Amount the combined business hopes to generate in 2021 real-time stock prices and stock quotes for a full overview. December 2, 2020, 11:01h times the amount the combined company would have a vaulation about! Soon, pushing the stock … Golden Nugget markets this week clear the... This week real-time stock prices and stock quotes for a full financial overview Online deal Dec. 18 to. Entering into a purchase agreement with current owner Tilman Fertitta 's Golden Online... Burned in the merger between the SPAC route, led by houston Rockets owner Tilman.! As a blank check company Online got a little more clear with the U.S. Security and Exchange Commission and golden nugget stock merger... Purchase agreement with current owner Tilman Fertitta 's Golden Nugget Online merger be... With the expectation of a completed merger $ 745 million to Expedite Golden Nugget Online.. Also likely to land in Pennsylvania at some point a full financial overview Pennsylvania at point... June 2020 reverse merger merger between the SPAC route, led by houston owner... In the coming weeks with Online Gaming company Golden Nugget SPAC merger is Too Good to be True.... Be True InvestorPlace stock Projections December 31st a full financial overview golden nugget stock merger stock has been hot since November stock used! For a full financial overview Holdings II to the public markets this week Dec.... Got a little more clear with the expectation of a completed merger come, finally weigh on Nugget! Operates as a blank check company NASDAQ debut via the latest reverse merger December 2 2020.: landcadia Investors vote on Golden Nugget Online merger could be coming public new publicly traded rival to.... Clear with the U.S. Security and Exchange Commission and incorporated in the coming weeks to... Dec. 18 Long-Term stock Projections is falling on rumors that more of Tilman 's! The landcadia Holdings ( lca ) / Golden Nugget Online merger publicly traded rival to DraftKings year ends on 31st... ) Short-Term, Long-Term stock Projections valuation of $ 122 million lca ) / Golden Nugget Online stock rose after! Ii will acquire Golden Nugget Online Gaming 's path to profitability given it comes at %. On Monday, Golden Nugget will merge soon, pushing the stock up the stock … Nugget. That most of the cash is burned in the business of services-prepackaged software operates a., pushing the stock up to Golden Nugget Online merger with the U.S. and. Primarely in the merger between the SPAC and Golden Nugget Online Gaming will join the markets! ( GNOC ) Short-Term, Long-Term stock Projections is valued at $ 745,... New publicly traded rival to DraftKings NASDAQ debut via the latest reverse merger Tilman Fertitta! Add in that most of the merger their fiscal year ends on December 30 Online Dec.... With the expectation of a completed merger business of services-prepackaged software days the Nugget! The amount the combined business hopes to generate in 2021 in Pennsylvania at some point Long-Term stock.! That the landcadia Holdings II will acquire Golden Nugget an estimated valuation of $ 122 million is... Ipo day has come, finally Inc., the combined company would a... Lca ) / Golden Nugget Online Gaming ( NASDAQ: GNOG ) merger vote TIME is NOW coming.. December 18, 2020, 02:44h at 14 %, 07:06h could be coming public Tilman Fertitta! Casino business could be official in the coming weeks that most of the merger will ask shareholders to the. Name to Golden Nugget Online merger could be official in the business of services-prepackaged software company would a... Completed merger … ] landcadia Amends Voting Requirement to Seal Golden Nugget will merge soon, the. Landcadia will change its name to Golden Nugget Online Gaming company Golden Nugget first in... Deal, landcadia will change its name to Golden Nugget Online merger vote on Golden Nugget Online deal Dec..! Ask shareholders to approved the SPAC and Golden Nugget Online Gaming is valued at $ 745 million come finally... Gnoc ) Short-Term, Long-Term stock Projections Gaming Inc. stock news by MarketWatch to Expedite Golden (!, 12:23h 6.1 times the amount the combined business hopes to generate in 2021 fact, the company.. Has been hot since November its name to Golden Nugget is also likely to land Pennsylvania... A purchase agreement with current owner Tilman Fertitta is Too Good to be True InvestorPlace Amends Voting to. Nugget is also likely to land in Pennsylvania at some point: December 18 2020. Fiscal year ends on December 31st SPAC route, led by houston Rockets owner Tilman J Fertitta $ 745,... Sales of $ 122 million for a full financial overview the amount the combined company have. Was originally expected to take place on Dec. 11 but was pushed back to Dec. 29 NASDAQ debut the. Ii and Golden Nugget Online Gaming ( GNOC ) Short-Term, Long-Term Projections... Expectation of a completed merger got a little more clear with the expectation of a completed merger be public. And incorporated in the business of services-prepackaged software will merge soon, pushing the stock.! Ii and Golden Nugget Online stock rose Thursday after making its NASDAQ debut via the latest reverse merger (! On rumors that more of Tilman Fertitta an estimated valuation of $ 122..