- Landcadia Holdings II Inc. has completed its acquisition of Golden Nugget Online Gaming (GNOG).
- GNOG has now gone public following the acquisition.
- Shares are available to be purchased right now.
HOUSTON – Golden Nugget Online Gaming (GNOG) has officially been acquired by Landcadia Holdings II, Inc., allowing the online casino operator to go public.
With the acquisition, shareholders can now purchase and trade stock on the popular online gaming operator under the new symbol GNOG.
GNOG founder Tilman Fertitta will continue to serve as the company’s CEO and the Chairman of the Board. This move pushes GNOG as a major player in the USA online gambling arena.
Tilman Fertitta has seen major success in the USA online casino space with GNOG, so it is only natural that the multi-billionaire would take the next step and work to take GNOG public.
"I am pleased to see the business combination finally close, said Fertitta. “We see tremendous opportunity in the online gaming space and are excited to be a part of it."
The process for the online casino to reach shareholders was a long one, as the initial deal between GNOG and Landcadia Holdings II was announced back in July of 2020.
Legal dealings and legislative approval, as well as negotiations, were needed which caused the nearly six-month process to take so long. Now, the online gambling operation is live on the NASDAQ, allowing interested investors to trade accordingly.
What this means for gamblers is that GNOG appears to be here for the long hall and the added influx of revenue from new shareholders will surely allow the online casino operation to expand and improve.
Players can expect new gaming options, as well as a more aggressive push into new online gambling markets. GNOG had already spent much of 2020 expanding into new markets, this is only expected to continue.
Stockholders voted to approve the company going public at a special stockholders meeting on December 29, and the shares for the company went live December 30.
The future for GNOG is expected to be a bright one despite the price of their shares taking a dip in the initial days of trading.