The DraftKings Inc (NASDAQ:DKNG) acquisition of Golden Nugget Online Gaming Inc (NASDAQ:GNOG) could fuel the company's growth in iGaming and technology, according to an analyst.. What Happened . Found inside – Page 1The Everything Guide to Sports Betting won’t let that happen. Filled with tips, tricks, and tactics, this handy guide shows you how to place bets strategically. Antonio Gibson ($14,400 CP) - While much of this data is skewed by a 70-yard Melvin Gordon touchdown run, the Giants were pretty terrible containing the Broncos' rushing attack in Week 1. "Companies with engaged user bases, multistate market access or proprietary technology will be ripe for acquisition over the next 24-36 months. Found inside" -- Ed Weis, Dean, School of Business at Mercy College; former Managing Director, Merrill Lynch "This book gives fascinating insight into the high-octane world of commodities trading. What Does DraftKings Want Out Of VSiN Acquisition? The Los Angeles Lakers have pulled off a blockbuster deal for Washington Wizards guard Russell Westbrook, according to multiple media reports. How to Play the Game provides a basic understanding of the legal issues surrounding sports. It is the go-to source for anyone interested in getting into the field of sports law. Found inside – Page 243Acquisition. Companies). SPACs are “blank check” companies created solely to raise capital through an IPO in order to ... Electric truck startup Nikola and sports-betting operator DraftKings Inc. are among the large firms that have gone ... Found insideIn Ice Capades, Avery takes his trademark candidness about the world of pro hockey and does for it what Jim Bouton's game-changing Ball Four did for baseball. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets . Found insideThey play the same as real money, but you have to use them on the site and can't withdraw them to your bank account. Does DraftKings factor this into their cost of user acquisition? Of course. Those users can use DK Dollars to play in ... This release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. In a "wolf investing in hen houses" type of move, DraftKings has acquired Vegas Sports Information Network (VSiN). Found inside – Page 194So at the end of that year, DraftKings approached FanDuel about a merger. FanDuel reps were hesitant, people with knowledge of the discussions said, even though an initial DraftKings proposal had FanDuel taking a majority stake ... On top of the acquisition, DraftKings has also entered into a commercial agreement with Fertitta Entertainment Inc. Fertitta is the parent company of the Houston Rockets, Golden Nugget LLC, and Landry's LLC. When used in this release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. The purchase was completed in 2020. Lead and oversee various projects/programs within Talent Acquisition. The DraftKings Inc (NASDAQ: DKNG) acquisition of Golden Nugget Online Gaming Inc (NASDAQ: GNOG) could fuel the company's growth in iGaming and technology, according to an analyst. "Leveraging Fertitta Entertainment's broad entertainment offerings and extensive customer database, coupled with DraftKings' mammoth network makes this an unbeatable partnership," Fertitta said, in a statement. Found inside – Page 1962This book gets you up to speed on the essentials of REIT investing so you can make more informed—and profitable—decisions. Bank of America issued a research note on DraftKings stock after the Golden Nugget acquisition was announced and placed a $60 price target on the shares, implying a future gain of 15% from its . Investors are invited to join the call by visiting investors.draftkings.com White & Case LLP is serving as legal counsel and Spectrum Gaming Capital is acting as financial advisor to the Special Committee of the board of Golden Nugget Online Gaming-. DraftKings sees the benefits to this transaction as threefold. The acquisition of Golden Nugget Online Gaming gives Boston-based DraftKings a well-known brand in the casino and gambling world, and adds more than 5 million customers to DraftKings iGaming accounts, a . Posted on: August 11, 2021, 01:47h. However, it has struggled to win customers to its casino play platform. The deal includes a "commercial agreement" with Fertitta Entertainment Inc., the parent company of the NBA's Houston Rockets, Golden Nugget, and the Landry's restaurant chain. DraftKings agreed to acquire Golden Nugget Online Gaming for $1.56 billion in stock. The acquisition of Golden Nugget Online Gaming will deliver significant strategic benefits to DraftKings as well as expected synergies of $300mm at maturity. Golden Nugget/Landry’s gaming division includes the renowned Golden Nugget Hotel and Casino concept, with locations in Las Vegas and Laughlin, NV; Atlantic City, NJ; Biloxi, MS; and Lake Charles, LA. DraftKings entered into an acquisition deal with SBTech in December 2019. Get this delivered to your inbox, and more info about our products and services. In connection with the proposed merger, New DraftKings intends to file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which will include an information statement of Golden Nugget Online Gaming, an information statement of DraftKings, an offering prospectus of New DraftKings, and certain other related documents, to be used at the meeting of Golden Nugget Online Gaming stockholders to approve the proposed merger. “This deal creates meaningful synergies such as increased combined company revenues driven by additional cross-sell opportunities, loyalty integrations and tech-driven product expansion as well as technology optimization and greater marketing efficiencies. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. DraftKings expects to see revenue uplift from additional cross-promotion opportunities, which will expand the Company’s customer base by engaging a loyal iGaming-first customer. "Harnessing the power and network of the . BOSTON & LOS ANGELES--(BUSINESS WIRE)--Diamond Eagle Acquisition Corp. (Nasdaq: DEAC) and DraftKings Inc. today announced that DraftKings' co-founder and CEO, Jason Robins, will be speaking at . In connection with the acquisition, DraftKings has also reached an agreement regarding a separate commercial deal with Fertitta Entertainment, Inc. across its asset portfolio, including the Houston Rockets, Golden Nugget, LLC and Landry’s LLC. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA and MLB, an official sports betting partner of the NFL, an official betting operator of PGA TOUR and the official betting operator of UFC. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Fertitta will also join the DraftKings board. Golden Nugget Online shareholders will receive 0.356 DraftKings shares, which is a roughly 53% premium to Golden Nugget Online's stock on Friday. 11 August 2021. In 1854, a group of engineers and railroad businessmen drew a straight line from Philadelphia to the New Jersey coast, built a railroad along the line, and created Atlantic City. DraftKings describes Fertitta as "a leader in the gaming, restaurant, hospitality, and sports entertainment industry." The acquisition will allow DraftKings to use the leverage on Golden Nugget's more than five million customers. @DraftKingsNews. Fertitta, who owns a 46% stake of Golden Nugget . Found insideSome DFS websites, including FanDuel and DraftKings, do offer deposit bonuses to new players; they also have modest ... If competitors with deep pockets and the database resources to directmarket (thus reducing perplayer acquisition ... The commercial deal will also reduce DraftKings’ market access rates through preferred pricing with Golden Nugget-owned properties and an exclusive commercial deal across daily fantasy sports, sportsbook and iGaming with the Houston Rockets which further solidifies the deep partnership between DraftKings and Fertitta Entertainment. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. Your success as a Software-as-a-Service (SaaS) company is completely dependent on acquiring and keeping users in your product. "This deal creates meaningful synergies such . DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. DraftKings completed a reverse merger with gaming technology provider SBTech and Special Purpose Acquisition Company (SPAC) Diamond Eagle Acquisition Corp., the latter of which was already listed . Found insideFeaturing a new forward by Sara Eisen, this updated edition of A Matter of Simple Justice celebrates the 100th anniversary of women’s suffrage in the United States through the story of Barbara Hackman Franklin and those “few good ... This means we do not tolerate discrimination of any kind and are committed to providing equal employment opportunities regardless of your gender identity, race, nationality, religion, sexual orientation, status as a protected veteran, or status as an individual with a disability. The deal gives DraftKings access to Golden Nugget Online's 5 million customers, who are dependable online casino players. The gaming industry anticipates customers who bet in online casino games will be critical to its future revenue growth. The Board of Directors of Golden Nugget Online Gaming (the “GNOG Board”), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the GNOG Board (the “Special Committee”), approved the Merger Agreement and the transaction, and resolved to recommend Golden Nugget Online Gaming’s stockholders vote to approve the Merger Agreement and the transaction. Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, as amended. But the payoff of these classic strategies is virtually unlimited. This book explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. Fertitta, and others, have said iGaming customers are worth seven times the value of a sports betting customer. These forward-looking statements include, without limitation, DraftKings’ and GNOG’s expectations with respect to future performance and anticipated financial impacts of the acquisition, the satisfaction of the closing conditions to the acquisition and the timing of the completion of the acquisition. Found inside – Page 1-14s proposed acquisition of US Foods in June 2015. Objections by antitrust regulators also may cause the bidder to abandon the deal, as when DraftKings and 25 26 27 Quickturn Design Sys., Inc. v. Shapiro, 721 A.2d 1281 (Del. 1998). Found inside... the legwork required opted to join online fantasy leagues because of the ease of statistical acquisition and league upkeep. ... DraftKings had revenues of $150 million in 2015, representing a 500% increase from 2014 (Fisher, 2015). Golden Nugget Online Gaming belongs to billionaire Tilman Fertitta who runs multiple businesses which include . The acquisition of Golden Nugget Online Gaming gives Boston-based DraftKings a well-known brand in the casino and gambling world, and adds more than 5 million customers to DraftKings iGaming . The acquisition will enable DraftKings to leverage Golden Nugget’s well-known brand, iGaming product experience and existing combined database of more than 5 million customers. A Division of NBCUniversal. In an earnings report . DraftKings is proud to be an equal opportunity employer. The Genius Sports partnership brings official NFL data to DraftKings, as well as various other sports and streaming opportunities. DraftKings anticipates $300 million in cost savings from the deal, as it brings platform and technology in house, cuts fees to third-party providers and lowers marketing costs. Offers a timeline complete with photographs and essays of the team's history during the 1990s. DraftKings to acquire Golden Nugget Online Gaming, Penn National jumps on sports betting deal, to acquire Canadian sports media and betting powerhouse The Score. How powerful is a haul of DraftKings stock worth $1.56 billion? Two legal practices allege violations of state and federal law over $1.56bn all-stock deal which suggest DraftKings is paying "too little" for the online casino . Sign up for free newsletters and get more CNBC delivered to your inbox. GNOG Stock Wins Big on DraftKings Acquisition News. On Monday, DraftKings (NASDAQ:DKNG) announced the acquisition of online casino operator Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC's web site at www.sec.gov. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ and GNOG’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Antonio Gibson ($14,400 CP) - While much of this data is skewed by a 70-yard Melvin Gordon touchdown run, the Giants were pretty terrible containing the Broncos' rushing attack in Week 1. NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ: DKNG . SHOWDOWN STRATEGY Captain's Picks. DraftKings has acquired Vegas Sports Information Network, Inc. (VSiN) in a bid to build out its content capabilities. BOSTON, MA, AND HOUSTON, TX - August 9, 2021-- DraftKings Inc. (Nasdaq: DKNG) and Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. DraftKings to Dive Deeper into Online Casino with GNOG Acquisition. Blockchain for Business Lawyers identifies the principal challenges of blockchain (distributed ledger technology) in seven separate fields of law, reviews legal developments, and suggests possible resolutions in light of these developments. It has struck deals with sports bars, launched a marketplace for nonfungible tokens and partnered with data provider Genius Sports. Raine Group is serving as exclusive financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to DraftKings. DraftKings will acquire Golden Nugget Online Gaming in an all-stock deal valued at approximately $1.56 billion, the companies announced Monday. Even in brick-and-mortar, consolidation is the name of the game. GNOG CEO Tilman Fertitta will receive shares and stay on to help the company . Found insideIn this book, I will teach you trading techniques that I personally use to profit from the market. As part of the transaction, DraftKings will undergo a holding company reorganization and form a new holding company New DraftKings, which will become the going-forward public company for both DraftKings and GNOG. The book will teach you: -How to properly allocate salary cap -Which lineup combinations are most optimal -How to use a contrarian strategy to win tournaments -Which positions/players to use in the flex -How to convert your season-long ... Now that honor belongs to Borgata (and its affiliate BetMGM), and Golden Nugget has been relegated to second . ( NASDAQ: GNOG ) are up 45 % to trade at $ this. Should not place undue reliance upon any forward-looking statements involve significant risks and uncertainties could! 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