Landcadia Holdings II will acquire Golden Nugget Online Gaming (GNOG) after entering into a purchase agreement with current owner Tilman J Fertitta. 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. 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. Landcadia Investor Votes Needed to Expedite Golden Nugget Online Merger. Add in that most of the cash is burned in the merger. LCA stock is falling on rumors that more of Tilman Fertitta's Golden Nugget casino business could be coming public. View real-time stock prices and stock quotes for a full financial overview. The vote was originally expected to take place on Dec. 11 but was pushed back to Dec. 29. Read more. The transaction is expected to close in […] 2 days The Golden Nugget SPAC Merger Is Too Good to Be True InvestorPlace . By Zack Jones On Jan 24, 2021. Golden Nugget Online Gaming will join the public markets this week. 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. Golden Nugget Online Gaming is valued at $745 million, 6.1 times the amount the combined business hopes to generate in 2021. Landcadia Holdings (LCA) / Golden Nugget (GNOG) MERGER VOTE TIME IS NOW. About GNOG. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. The future of Golden Nugget Online got a little more clear with the expectation of a completed merger. Golden Nugget Online Gaming (GNOC) Short-Term, Long-Term Stock Projections. When Landcadia Holdings (NASDAQ:LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29, LCA stock took off like a rocket. The Golden Nugget stock also used the SPAC route, led by Houston Rockets owner Tilman Fertitta. 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 … Tilman Fertitta’s Golden Nugget (GNOG stock) IPO day has come, finally. Last updated on: December 3, 2020, 02:16h. Golden Nugget Online Gaming, Inc is primarely in the business of services-prepackaged software. After completing the deal, Landcadia will change its name to Golden Nugget Online Gaming Inc., the company said. In the past three months, GNOG stock has gone up about 60% and is … At least for now. If approved, the combined company would have a vaulation of about $745 million. What’s Next After the Merger? It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Last updated on: December 21, 2020, 11:22h. Golden Nugget Online Gaming — $0.00 (0.00%) Today. On Monday, Golden Nugget announced that the Landcadia Holdings and Golden Nugget Online merger could be official in the coming weeks. Landcadia in a filing said it will ask shareholders to approved the SPAC's propose;d merger with online gaming company Golden Nugget. During a special LCA shareholders meeting on December 29, merger with Golden Nugget was approved, … Last updated on: December 18, 2020, 02:44h. Landcadia Holdings II, Inc. operates as a blank check company. Golden Nugget Online stock rose Thursday after making its Nasdaq debut via the latest reverse merger. Landcadia is a "blank-check" company, or one whose purpose is to merge … Find out how to vote here - Enjoy! Posted on: December 18, 2020, 12:23h. The news of the merger between the SPAC and Golden Nugget first surfaced in June 2020. And that debt will weigh on Golden Nugget Online Gaming's path to profitability given it comes at 14%. Because GNOG stock was already trading for the last 6 months, under a different ticker (LCA) and under a different name, Landcadia Holdings II. Posted on: December 21, 2020, 11:01h. Interestingly enough, Golden Nugget is also likely to land in Pennsylvania at some point. The deal gave Golden Nugget an estimated valuation of $745 million or 6.1x estimated 2021 sales of $122 million. 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 … 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. GNOG stock actually peaked at $26.24 on Dec. 28, then fell steadily over the ensuing trading days, despite even the merger completion. Landcadia Holdings II and Golden Nugget will merge soon, pushing the stock up. In fact, the stock … InvestorPlace - Stock Market News, Stock Advice & Trading Tips. 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. GNOG | Complete Golden Nugget Online Gaming Inc. stock news by MarketWatch. Golden Nugget Online Gaming will join the public markets this week. Embed . Landcadia Amends Voting Requirement to Seal Golden Nugget Online Deal. 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. That wasn’t a surprise. Fertitta helped transition Landcadia Holdings II to the public GNOG offering on December 30. Save the Date: Landcadia Investors Vote on Golden Nugget Online Deal Dec. 18. Digital casino company Golden Nugget Online Gaming (NASDAQ: GNOG) isn’t the only i-gaming company on the market, but it … Posted on: December 2, 2020, 07:06h. 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 . It's a new publicly traded rival to DraftKings. 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 . For financial reporting, their fiscal year ends on December 31st. 1D 1W 1M 3M 6M 1Y 5Y. Golden Nugget Online Gaming, Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. 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