LCA stock surged higher on June 29, 2020, after the company announced that it was acquiring Golden Nugget Online Gaming. The stock's name will then change to Golden Nugget Online Gaming, with the ticker symbol GNOG.Get market updates, educational videos, webinars, and stock analysis.© 2000-2020 Investor's Business Daily, Inc. All rights reservedTilman Fertitta owns Golden Nugget Online, and will continue to serve as CEO. *Real-time prices by Nasdaq Last Sale. Fertitta Entertainment will retain 52% of Golden Nugget stock. Fertitta is also CEO of Landry's, and also owns the Houston Rockets.
The transaction is expected to close in the third quarter of this year.Landcadia Holdings II shares were trading up 32.74% to $13.38 at the time of publication Monday. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Landcadia Holdings II (LCA) Surges 38% After SPAC Enters Deal to Acquire Golden Nugget Online Gaming June 29, 2020 9:39 AM EDT Tweet
Authors may own the stocks they discuss. The valuation of Golden Nugget at time of the purchase was $745M. Realtime quote and/or trade prices are not sourced from all markets.Fertitta's Golden Nugget is following in the footsteps of DraftKings.
DraftKings became listed via a three-way merger with publicly listed special-purpose acquisition company Diamond Eagle Acquisition and sports betting technology firm SBTech.The valuation of Golden Nugget at the time of the deal was $745 million. LANDCADIA HOLDI/SH CL A (NASDAQ: LCA) announced Monday that it is acquiring Golden Nugget Online Gaming, Inc. in a move to take Golden Nuggett’s online gaming business public.
The stock has a 52-week high of $15.72 and a 52-week low of $8.82. Golden Nugget is a household name throughout the United States and its iGaming business is a well-established leader in New Jersey, the largest online gaming market in North America. He owns Golden Nugget Atlantic City, too. Tilman Fertitta's company Landcadia Holdings II (NASDAQ:LCA), which owns online casino Golden Nugget Online Gaming, just started trading on Nasdaq today. While Golden Nugget customers will be able to wager on most NBA games, but not on Rockets games.Ownership data provided by Refinitiv and Estimates data provided by FactSet.Landcadia was co-sponsored by the tycoon's holding company Fertitta Entertainment and Jefferies. LCA stock made a big move the Golden Nugget Online deal was announced, and MarketSmith analysis shows it is now well clear of its 50-day moving average.
Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5! Landcadia Holdings II (NASDAQ: LCA) shares were trading higher Monday after the company acquired Golden Nugget Online Gaming. The transaction, or spin-off of Golden Nugget’s online division, is expected to be completed in the third quarter of 2020. … The information and content are subject to change without notice.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.The deal is seen closing in the third quarter.
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