The GNOG Acquisition will deliver “significant” benefits to DraftKings, as well as expected savings of $300 million, a release notes. Notably, the GNOG Acquisition will not include brick and mortar Golden Nugget casinos Fertitta will maintain ownership of those entities. “Now that the acquisition is completed, I look forward to what the future will bring for our combined company and am confident this relationship will be a huge success.”ĭraftKings notes in a press release that this GNOG Acquisition will allow the company to leverage Golden Nugget’s established brand to “broaden its reach into new customer segments and enhance the combined company’s iGaming product offerings through DraftKings’ vertically integrated tech stack and Golden Nugget Online Gaming’s unique capabilities – including Live Dealer.”
“This will be an alliance unlike any other in the digital sports, entertainment and online gaming industry,” Fertitta said in a statement. (Nasdaq: DKNG) is complete.ĭraftKings announced that it has completed the acquisition, worth at approximately $1.6 billion (dubbed the “GNOG Acquisition”) on Thursday, May 5. (Nasdaq: GNOG) by digital sports entertainment and gaming company DraftKings Inc.
The acquisition of Tilman Feritta’s Golden Nugget Online Gaming, Inc.
