when was golden nugget online casino made

In addition, there will be multiple channels for cost savings by, among other things, recognizing enhanced returns on advertising spending through marketing efficiencies, eliminating platform costs from migrating Golden Nugget Online Gaming’s current technology to DraftKings’ in-house proprietary platform, and reducing G&A costs, such as vendor services and duplicative overhead. DraftKings will deploy a multi-brand approach that will enhance cross-selling opportunities and drive increased revenue growth. The GNOG Acquisition will deliver significant benefits to DraftKings as well as expected synergies of $300 million at maturity. Synergies and Strategic Benefits of the Acquisition “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 will integrate Golden Nugget Online Gaming employees across its business, including Thomas Winter, who will transition to General Manager of North America iGaming, from his previous role as President of Golden Nugget Online Gaming.

“This will be an alliance unlike any other in the digital sports, entertainment and online gaming industry,” said Tilman Fertitta, Chairman and CEO of Golden Nugget Online Gaming. I am proud to welcome the Golden Nugget Online Gaming team to the DraftKings family.” “We anticipate that this acquisition will provide meaningful revenue uplift by utilizing our data-driven marketing capabilities and a dual brand iGaming strategy, gross margin improvement opportunities, and cost savings across external marketing and SG&A. “Acquiring Golden Nugget Online Gaming gives us synergies across our business,” said Jason Robins, Chairman and CEO of DraftKings. The GNOG Acquisition does not include brick and mortar Golden Nugget casinos, which will continue to be owned by Fertitta Entertainment. The GNOG Acquisition will, among other things, allow DraftKings 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. (“Golden Nugget Online Gaming” or “GNOG”) (the “GNOG Acquisition”). (Nasdaq: DKNG) today announced the completion of its acquisition of Golden Nugget Online Gaming, Inc. BOSTON, (GLOBE NEWSWIRE) - DraftKings Inc.

When was golden nugget online casino made