In the United States, a company called Landcadia Holdings II Incorporated announced the signing of an agreement to fully take over local iGaming operator Golden Nugget Online Gaming Incorporated.
The Houston-based company, a joint venture of Fertitta Entertainment Incorporated and Jefferies Financial Group Incorporated, has detailed in an official press release that the cash and equity deal is valued at approximately $ 745 million and is expected to be released before the end of September is completed.
After this completion and the buyer listed on NASDAQ stated that it intends to change its name to Golden Nugget Online Gaming Incorporated and keep the focus of the iGaming industry Tilman Fertitta (pictured) as Chairman and Chief Executive Officer of the newly enlarged company.
Landcadia Holdings II Incorporated stated that this agreement is also intended to ensure that Golden Nugget Online Gaming Incorporated is only the country’s second listed iGaming companyThis will help maintain its reputation as an “outstanding operator in the US online gaming market”. The company announced that it also intends to begin offering Services of the brand Golden Nugget to players in Pennsylvania and Michigan early next year, with both premieres being overseen by long-term president of the goal, Thomas Winter.
Golden Nugget Online Gaming Incorporated was launched in New Jersey’s regulated iGaming market in late 2013 achieved profitability three years later. The operator behind the domain at GoldenNuggetCasino.com As a result, he was the first to offer live casino games to players in the United States and was extensively described last year Net income of more than $ 11 million.
Read an explanation from Fertitta …
“Golden Nugget is one of the most traditional brands in the gaming business today. When customers hear the name Golden Nugget, They know that they are dealing with a trustworthy online gaming business. Thomas and his team have done a remarkable job [they] are the best in the business, and with this transaction will have access to growth capital to enable the rapid expansion of the business. “
For his part and Rich handlerThe co-chair of Landcadia Holdings II Incorporated used the press release to name Golden Nugget Online Gaming Incorporated as “a household name in the United StatesCourtesy ofWell establishedPosition in New Jersey’s iGaming. He also stated that heexcited‘ be able ‘Bring this great opportunity to the public markets“As operator”is one of the best positioned companies to benefit from“The country’s ever-growing online gambling opportunities.