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Golden Nugget Online Gaming Inks New York Market Access Deal with Tioga Downs
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HOUSTON, Feb. 24, 2021 /PRNewswire/ Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) announced today that it entered into a definitive agreement with Tioga Downs Race Track, LLC. ( Tioga Downs ) for future online gaming market access in the state of New York, subject to legislation, regulatory approval, license eligibility and availability.
Following a record year in New Jersey and its recent launch in Michigan, this agreement gives GNOG market access to the state of New York for online casino wagering under a Tioga Downs license, regulations permitting. As part of the 20-year agreement, GNOG will pay Tioga Downs, one of only seven commercial and tribal casinos in the state, a percentage of its net gaming revenue, which will be subject to minimum royalty payments for the duration of the term.
Golden Nugget Online Gaming Reports Record 2020 Revenue, Sees Strong Momentum In Michigan, Strengthens Leadership Team
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HOUSTON, Feb. 8, 2021 /PRNewswire/ Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) reported preliminary financial results for the full year 2020. For the twelve months ended December 31, 2020, GNOG reported the following unaudited estimates:
Total Revenue of between $90.0 and 91.0 million compared to $55.4 million in 2019, an increase of approximately 63%,
Gross Gaming Revenue[1] of between $101.0 and $102.0 million, compared to $60.9 million during the same period in 2019, an increase of approximately 67%, and
Operating Income of between $23.0 and $24.0 million (between $28.0 and $29.0 million before approximately $4.0 to $5.0 million in costs related to the business combination with Landcadia Holdings II, Inc.), compared to $17.6 in 2019, an increase of approximately 38% (or approximately 62% befo
HOUSTON, Texas (KTRK) Houston billionaire entrepreneur Tilman Feritta, who is also the owner of Landry s Incorporated and Golden Nugget Casino, announced Monday morning he is taking both companies public.
The company has entered a definitive merger agreement worth an estimated $6.6 billion with FAST Acquisition Corp., a special purpose acquisition company.
The move will result in Fertitta Entertainment becoming a publicly listed company.
Still, Fertitta will continue to lead his Golden Nugget and Landry s empire, serving as the chairman, president and CEO, as well as the largest shareholder with approximately 60% interest in the company and stock valued upon the closing of the transaction in excess of $2 billion.
Fertitta Takes Landry’s Public Again at $6.6 Billion Value The company reported about $3.4 billion in sales in 2019, but like most consumer-driven businesses, Fertitta’s chains were hit hard by the coronavirus. Bloomberg | Feb 01, 2021
(Bloomberg) Tilman Fertitta is taking his restaurant and casino empire public again through a merger with a special purpose acquisition company that values his Fertitta Entertainment Inc. at $6.6 billion, including debt.
Fertitta is combining his closely held Houston-based business with Fast Acquisition Corp., a shell company taken public last year by fellow restaurateurs Sandy Beall and Doug Jacob. Bloomberg News reported earlier that the deal was in the works.