The commercial deal will reduce DraftKings’ market access rates through preferred pricing with Golden Nugget-owned properties and across daily fantasy sports, sportsbook and iGaming with the Houston Rockets. recognizing enhanced returns on advertising spend through marketing efficiencies.eliminating operating expenses and vendor costs as a result of migrating Golden Nugget’s technology to DraftKings’ proprietary platform, and.In addition, cost savings are expected by Now, DraftKings will deploy a multi-brand strategy which will enhance cross-sell opportunities and increase market share and revenue growth. Fertitta is expected to beneficially own a total equity stake in the combined company of approximately 75%. Following the business combination of FEI and FAST, Mr. (NYSE: FST), a special purpose acquisition company, which was amended on June 30, 2021. On February 1, 2021, FEI entered into an Agreement and Plan of Merger with FAST Acquisition Corp. FEI also owns approximately 31.625 million shares in Golden Nugget Online Gaming, Inc. Entertainment and hospitality divisions encompass destinations such as The Tower of Americas, the Galveston Island Pleasure Pier and the Kemah Boardwalk, a 40 acre development in Kemah, TX. Golden Nugget/Landry’s also operates more than 500 outlets, with concepts such as Mastro’s, Del Frisco’s, Morton’s The Steakhouse, The Oceanaire Seafood Room Landry’s Seafood House, McCormick & Schmick’s Seafood, Chart House, Joe’s Crab Shack, Saltgrass Steak House, Bubba Gump Shrimp Co., and Rainforest Cafe. Generally speaking, beyond physical destinations, people can also have also a look at other online gaming opportunities and play panda pokies. Golden Nugget/Landry’s gaming division includes the renowned Golden Nugget Hotel and Casino concept, with locations in Las Vegas and Laughlin, NV Atlantic City, NJ Biloxi, MS and Lake Charles, LA. Fertitta holds substantially all of his assets and the parent company of Golden Nugget/Landry’s, a multinational, diversified gaming, restaurant, hospitality and entertainment company based in Houston, Texas. In connection with the deal, DraftKings has also entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets, Golden Nugget, LLC and Landry’s LLC, and a leader in the gaming, restaurant, hospitality, and sports entertainment industry.įertitta Entertainment, Inc., is the holding company through which Tilman J. The acquisition – expected to close in the first quarter of 2022 – will allow DraftKings to leverage Golden Nugget’s brand, iGaming product experience and existing database of more than 5 million customers. (Nasdaq: GNOG), an online gaming company, in an all-stock deal having an implied equity value of approximately $1.56 billion. (Nasdaq: DKNG) is to acquire Golden Nugget Online Gaming, Inc. Boston, MA-based digital sports entertainment and gaming company DraftKings Inc.
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