Landcadia Holdings (LCA) / Golden Nugget (GNOG) MERGER VOTE TIME IS NOW. Digital casino company Golden Nugget Online Gaming (NASDAQ: GNOG) isn’t the only i-gaming company on the market, but it … The Golden Nugget stock also used the SPAC route, led by Houston Rockets owner Tilman Fertitta. InvestorPlace – Stock Market News, Stock Advice & Trading Tips The Landcadia Holdings II SPAC merger with Golden Nugget’s online gaming business to create GNOG stock is too good to be true. Golden Nugget Online Gaming will join the public markets this week. That wasn’t a surprise. Golden Nugget Online Gaming is valued at $745 million, 6.1 times the amount the combined business hopes to generate in 2021. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. Golden Nugget Online Gaming will join the public markets this week. Golden Nugget Online Gaming — $0.00 (0.00%) Today. By Zack Jones On Jan 24, 2021. 1D 1W 1M 3M 6M 1Y 5Y. During a special LCA shareholders meeting on December 29, merger with Golden Nugget was approved, … In fact, the stock … Landcadia is a "blank-check" company, or one whose purpose is to merge … Interestingly enough, Golden Nugget is also likely to land in Pennsylvania at some point. The Landcadia Holdings II SPAC merger with Golden Nugget's online gaming business to create GNOG stock is too good to be true.More From InvestorPlace Why Everyone Is Investing in … View real-time stock prices and stock quotes for a full financial overview. 2 days The Golden Nugget SPAC Merger Is Too Good to Be True InvestorPlace . At least for now. The deal gave Golden Nugget an estimated valuation of $745 million or 6.1x estimated 2021 sales of $122 million. Landcadia Holdings II, Inc. operates as a blank check company. And that debt will weigh on Golden Nugget Online Gaming's path to profitability given it comes at 14%. GNOG | Complete Golden Nugget Online Gaming Inc. stock news by MarketWatch. On Tuesday, shareholders of Landcadia Holdings II (NASDAQ:LCA)., a special-purpose acquisition company, better known as SPAC, approved a merger with the fast-growing online gambling company . Under the terms of the deal which was announced this week, GNOG will become only the second pure publicly traded online casino company in the US. Landcadia Holdings II and Golden Nugget will merge soon, pushing the stock up. The future of Golden Nugget Online got a little more clear with the expectation of a completed merger. Add in that most of the cash is burned in the merger. Golden Nugget Online Gaming (GNOC) Short-Term, Long-Term Stock Projections. The vote was originally expected to take place on Dec. 11 but was pushed back to Dec. 29. Fertitta helped transition Landcadia Holdings II to the public GNOG offering on December 30. In the past three months, GNOG stock has gone up about 60% and is … The bear case in GNOG stock has been growing, but investors shouldn't lose sight of the big picture and the smart money spread in Golden Nugget.More From InvestorPlace Why Everyone Is … On Tuesday, shareholders of Landcadia Holdings II (NASDAQ:LCA)., a special-purpose acquisition company, better known as SPAC, approved a merger with the fast-growing online gambling company . Golden Nugget Online stock rose Thursday after making its Nasdaq debut via the latest reverse merger. Posted on: December 21, 2020, 11:01h. 7 Telehealth Stocks To Buy Ahead Of Flu Season And when the merger was announced on June 29, Landcadia had $321 million of funds that will be transferred to Golden Nugget after the merge. It is over six months following Landcadia Holding II Inc.’s announcement of its interest to merge with Golden Nugget Online Gaming to provide the latter with a platform to go public. GNOG stock actually peaked at $26.24 on Dec. 28, then fell steadily over the ensuing trading days, despite even the merger completion. Embed . It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Landcadia Investor Votes Needed to Expedite Golden Nugget Online Merger. Posted on: December 18, 2020, 12:23h. Tilman Fertitta’s Golden Nugget (GNOG stock) IPO day has come, finally. Save the Date: Landcadia Investors Vote on Golden Nugget Online Deal Dec. 18. Read more. Last updated on: December 3, 2020, 02:16h. Posted on: December 2, 2020, 07:06h. Because GNOG stock was already trading for the last 6 months, under a different ticker (LCA) and under a different name, Landcadia Holdings II. Landcadia Holdings II will acquire Golden Nugget Online Gaming (GNOG) after entering into a purchase agreement with current owner Tilman J Fertitta. After completing the deal, Landcadia will change its name to Golden Nugget Online Gaming Inc., the company said. It's a new publicly traded rival to DraftKings. The transaction is expected to close in […] About GNOG. The Golden Nugget has already established a position as an online gaming market leader in New Jersey and plans to expand into Pennsylvania and Michigan in early 2021. The news of the merger between the SPAC and Golden Nugget first surfaced in June 2020. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. On Monday, Golden Nugget announced that the Landcadia Holdings and Golden Nugget Online merger could be official in the coming weeks. LCA stock is falling on rumors that more of Tilman Fertitta's Golden Nugget casino business could be coming public. Golden Nugget Online Gaming, Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. If approved, the combined company would have a vaulation of about $745 million. When Landcadia Holdings (NASDAQ:LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29, LCA stock took off like a rocket. Last updated on: December 21, 2020, 11:22h. Golden Nugget Online Gaming, Inc is primarely in the business of services-prepackaged software. Landcadia in a filing said it will ask shareholders to approved the SPAC's propose;d merger with online gaming company Golden Nugget. For financial reporting, their fiscal year ends on December 31st. Tilman Fertitta, the owner of the Golden Nugget casinos, has approached Caesars Entertainment Corp. about a possible merger, according to people familiar with the billionaire’s plans. Landcadia Amends Voting Requirement to Seal Golden Nugget Online Deal. Find out how to vote here - Enjoy! What’s Next After the Merger? 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