Golden Nugget Latest Online Gaming Company To Pursue U.S. Public Offering

  • 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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