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Landcadia Holdings has just announced the completion of their acquisition of Golden Nugget Online Gaming which they had made public in the past.
About Golden Nugget
Golden Nugget is a leading digital sports entertainment and online gaming company in the United States of America and by extension, the entire continent of North America.
They were the first online casino to make live deal a reality in the United States. Important decision-making exercises involving the important stakeholders had been going on behind the scenes.
However, this successful acquisition only became possible after most of Landcadia Stockholders gave the green light in support of it.
Implication of This Acquisition
With the business acquisition, Landcadia’s new name is now Golden Nugget Online Gaming, Inc, and they are set to start trading their Class A stock on NASDAQ. Their ticker on the stock market is “GNOG”.
The leadership portfolio in the new organization has also been decided and the conclusion is that Thomas Winter is going to retain his position as the President of Golden Nugget while Tilman Fertitta will remain as the Chairman of the board as well as the CEO of the Company. In addition, all the old members and staff of the organization will retain their previous portfolios and respective roles.
Statement From The CEO
The Company’s CEO, Tilman Fertitta, noted that he was glad that the business acquisition has finally reached a closure. He also added that the Company sees excellent prospects in the online casino games market, and were glad that they are a part of it.
They had been a major player in the USA online gaming industry and with this transition, there is room for greater exploits in the market. With their listing on the Nasdaq stock market, there is an avenue for more growth as more investors and traders buy their shares.
During and all through the process of the acquisition of Golden Nugget, Jefferies LLC was the only payment agent, financial agent, and capital market advisor of Landcadia Holdings, Inc. At the same time, White and Case was also their only legal advisor throughout the entire process. On the part of Golden Nugget Online Gaming, Haynes and Boone LLP was their legal counsel.
More About GNOG
GNOG which stands for Golden Nugget Online Gaming, has the reputation of being one of the leading game operators in the United States. In fact, they were the first to introduce live dealership into the country’s online casino gaming market.
No wonder they have received 15 of the distinguished North American eGaming Award, which includes the most desired one(operator of the year), which they still won in 2020 and have been winning it yearly since 2017.
More Information on Landcadia Holdings II
The Landcadia Holdings II was formed solely to effect the merger, stock purchase, capital stock exchange, business combination, or reorganization of the businesses sponsored by Jefferies Financial Group and Fertitta Entertainment Inc.
Lukas is the head author at Casinoble and responsible for all content strategies and what casinos we review.
Lukas has a background of playing poker in the early years of the poker boom in Europe. He became an expert within the online gambling and has been working as an author for several websites.