That is almost certainly a bullish catalyst for investors in LCA stock prior to the merger. Golden Nugget Online Gaming, Inc. GNOG 20.88 0.50 (2.45%). Any distinction between the two is, at this point, just a legal technicality. We see tremendous opportunity in the online gaming space and are excited to be a part of it.”. That is when the stock symbol changed to DKNG. Jun-15-20 08:52PM : Hedge Funds Never Been Less Bullish On Waitr Holdings Inc. (WTRH) Insider Monkey. 2021 InvestorPlace Media, LLC. This is likely to change once the merger goes through. In the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Mark Hake runs the Total Yield Value Guide which you can review here. Post closing, the combined company will traded on NASDAQ with the ticker “GNOG”. Golden Nugget is an online gaming and digital sports entertainment company. It showed that there were some last-minute negotiations with the sponsor and Golden Nugget’s owner, Tilman J. Fertitta. GNOG | Complete Golden Nugget Online Gaming Inc. stock news by MarketWatch. 1125 N. Charles St, Baltimore, MD 21201. Golden Nugget Online Gaming went public through a blank-check company, Landcadia Holdings II (LCA). In effect, this is a bullish sign for the stock. The company will likely benefit as more states legalize online gambling. Golden Nugget Online Gaming Stock Is a Risky Collection of Headwinds and Shaky Finances Jan. 11, 2021 at 7:40 a.m. Following the merger, Tilman Fertitta will continue to serve as GNOG’s chairman and CEO. However, keep in mind, as I pointed out last month, that Golden Nugget has been much more profitable than DraftKings. Nevertheless, it probably doesn’t help LCA stock that DraftKings recently decided to sell more shares. On Oct. 5, DraftKings provided guidance about its Q3 results that might have implications for Golden Nugget Online. The stock is currently rising in what appears to be a rising triangle, a bullish continuation pattern. I think I know why it hasn’t named a date yet. On Sept. 22, the company made an interesting 8-K filing with the SEC. It could be that Golden Nugget may have had the same betting experience. The company will likely benefit as states continue to legalize online gambling. All rights reserved. Acorns vs. Robinhood: Popular Investment Platforms, Explained, Chick-fil-A Is a Private Company, No Plans to Go Public. Landcadia Holdings II, Inc. Completes Acquisition of Golden Nugget Online Gaming -- Changes Name to Golden Nugget Online Gaming, Inc.-- Class A Common Stock … Things should look much better for LCA stock (i.e., GNOG stock) after the merger. Landcadia Holdings II and Golden Nugget will merge soon, pushing the stock up. This could have a dampening effect on GNOG stock’s prospects after the merger closes. The Company's shares of Class A common stock will commence trading on Nasdaq Stock Market under the ticker symbol "GNOG ... Golden Nugget … On Dec. 29, Lancadia Holdings II said that the company completed its reverse merger with Golden Nugget Online Gaming. The investor thinks that online gambling is still a hot sector. Percentage Held by Insiders. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. By the way, this deal was supposed to have closed in the third quarter. A SPAC merger is not a qualifying event that mandates such a blackout unless the company is raising PIPE-related (private investment in public equity) capital for the merger. Benchmark initiates coverage on Golden Nugget Online Gaming (GNOG +4.1%) with a Buy rating. Golden Nugget Online Gaming is being publicly traded on the Nasdaq under the ticker symbol “GNOG.” Currently, the stock isn't being tracked by any Wall Street analysts. For example, Golden Nugget Online might expect that it will experience an uplift in its stock price after the merger, just like DraftKings (NASDAQ:DKNG). The Company's shares of Class A common stock will commence trading on Nasdaq Stock Market under the ticker symbol "GNOG" on December 30, 2020. The new stock symbol was first traded Dec. 30, 2020. An investor named RSI_MACD_MOMO_Investor on Stocktwits is bullish on GNOG stock. Golden Eagle Coin's Pre-1933 Gold Coins inventory contains an extremely competitive variety. The investor added that the company is still in the number one spot in New Jersey. The deal gave Golden Nugget an estimated valuation of $745 million or 6.1x estimated 2021 sales of $122 million. I suggested that based on its comparable value would be worth twice today’s price. Golden Nugget will likely generate sales of $122 million in 2021. In a press release, Fertitta said, “I am pleased to see the business combination finally close. quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright © Golden Nugget stock has become a major talking point on social media platforms. Analyst Mike Hickey says the positive view is based on … Austrian Gold Philharmonic: Minted at the historic Austrian Mint in Vienna, internationally famous for producing exceptional gold coins for more than 800 years, the Austrian Gold Philharmonic is one of the most beautiful modern gold bullion coins. Golden Nugget stock is a buy based on the strong growth outlook. But Pounce on the Lucid Motors Merger, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, 7 Dividend Aristocrats That Will Outlive Us All, 7 Growth Stocks in The S&P’s Hottest Sectors That Are Primed to Explode, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. Landcadia, having completed the purchase, officially changed its own name to “Golden Nugget Online Gaming” and its stock symbol to GNOG. Why Waitr Holdings Stock Was Reaching New 2020 Highs Today. 50.42% of the stock of eGain is held by institutions. Investors can expect right after the merger closes major brokerages will likely publish their forecasts for GNOG stock. Golden Nugget Online Gaming, Inc. ("GNOG" or the "Company") reported selected financial results for the second quarter of 2020. Currently, Golden Nugget doesn’t pay dividends. Tilman J. Fertitta will continue to serve as the Company's CEO and Chairman of the Board. Is GNOG stock a good investment? Source: Pixabay, Golden Nugget Online Casino Facebook. The deal should close soon, despite some opposition from LCA stock holders and the fact that a date for the shareholder vote has not yet been set. Landcadia Holdings II, Inc. Completes Acquisition of Golden Nugget Online Gaming PR Newswire (US) - 12/29/2020 12:45:00 PM Current Report Filing (8-k) Edgar (US Regulatory) - 12/21/2020 9:18:35 AM Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 12/21/2020 9:13:23 AM The merger deal was approved by a majority of Landcadia's shareholders on the same day. Jun-29-20 09:54AM : Online Casino Golden Nugget To Go Public Through Landcadia Acquisition. Keep in mind that most firms are not in a black-out period as they normally would be in the normal IPO process. The company will likely benefit as more states legalize online gambling. That will strengthen its ongoing balance sheet. Benzinga +17.32%. For example, neither TipRanks.com nor Marketbeat.com show that there are any analyst reports on LCA stock now. That is … That would occur only if he or his interests end up having less than a 30% economic stake in the company. 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