- Golden Nugget to spin off online gaming business into $745m public company
- More companies looking at public offerings following successful DraftKings, GAN listings
- Former FanDuel, Barstool executive encourages start-ups to avoid competing with major brands
Golden Nugget announced plans Monday to spin off its online gaming arm into a public company, the latest in a series of attempts to capitalize on Wall Street interest in the U.S. sports betting and online gaming space.
The new company, Golden Nugget Online Gaming (GNOG), will be valued at $745m and is expected to begin trading on Nasdaq in the third quarter of 2020.
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