DraftKings Reaches Agreement to Acquire Golden Nugget Online Gaming in an All-Stock Transaction

DraftKings Reaches Agreement to Acquire Golden Nugget Online Gaming in an All-Stock Transaction

BOSTON and HOUSTON, Aug. 09, 2021 (GLOBE NEWSWIRE) — 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. 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.

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