Post by
retiredcf on Aug 09, 2021 12:24pm
Another Takeover
Clearly there's going to be lots of future consolidation within all aspects of this sector. GLTA
Aug. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) and Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. 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. In connection with the acquisition, DraftKings has entered into 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.
Comment by
Bookworm28 on Aug 09, 2021 1:44pm
Can you see someone buying BRAGG? I was looking at BRAGG, but my understanding is that they provide the technology (e.g. turnkey systems), not the actual casino. I think they still could be of interest to someone though. Thoughts?
Comment by
Jsbachfan on Aug 09, 2021 2:31pm
Yes! Their technology is advanced, multi-faceted and proprietary. Any company with aspirations of a bolt-on quick market boost will kick their tires if they are not already doing so.