Houston Entertainment exclusive Company Houston

DraftKings to Acquire Golden Nugget Online Gambling Company for $1.56 Billion in Stock

Reading now: 554
variety.com

Todd Spangler NY Digital EditorDraftKings plans to buy Golden Nugget Online Gaming — letting it tap into the internet gambling company’s database of more than 5 million users — in an all-stock deal worth an estimated $1.56 billion.With the acquisition, DraftKings can “instantly reach a broader consumer base” of online-gaming fans, said DraftKings chairman CEO Jason Robins. “This deal creates meaningful synergies such as increased combined company revenues driven by additional cross-sell opportunities, loyalty integrations and tech-driven product expansion as well as technology optimization and greater marketing efficiencies.”Under the agreement Tilman Fertitta, chairman and CEO of Fertitta Entertainment, parent company of the Houston.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA