New market access
Golden Nugget Online Gaming, Inc. (GNOG) has signed a new partnership deal with the Greenbrier Hotel Corporation. With the new agreement, GNOG now enters the West Virginia iGaming market, supplying online casino and mobile sports betting under The Greenbrier’s license. GNOG will provide The Greenbrier with a percentage of revenues from online gaming as part of the agreement.
Owned by billionaire businessman Tilman Fertitta, GNOG is a leading provider of online gambling solutions in the United States. It was the first to provide Live Casino Floor and Live Dealer products to the US online gaming market.
A significant milestone for Golden Nugget Online Gaming
With the new deal, GNOG will now offer services in four states, adding West Virginia to New Jersey, Michigan, and Pennsylvania.
our best-in-class product”
Fertitta commented that the partnership is an important milestone for the company as it looks to expand operations. “We look forward to providing West Virginia players with our best-in-class product,” he said.
The Greenbrier president, Dr Jill Justice, also weighed in, stating that the new partnership is exciting and adds to the company’s casino offerings already in place. Justice said the Golden Nugget is a proven market leader in the industry. The Greenbrier is confident that the operator will deliver a product that matches the “lofty standard that defines America’s Resort.”
Services will launch in West Virginia once GNOG receives approval from state regulators.
Going public
Next week, New Jersey gaming regulators will hold a meeting to consider allowing GNOG to go public.
Fertitta and Jeffries Financial Group created Landcadia Holdings II, a special purpose acquisition company (SPAC), or “blank check company”, for the sole purpose of raising funds to acquire GNOG. Landcadia is already traded on Nasdaq under the ticker symbol LCA. If its purchase of GNOG reaches completion, it will rename itself Golden Nugget Online Gaming and change its ticker to GNOG.
Federal regulators must also approve the deal before it can become a reality.
Entering the Illinois gambling market
Earlier this month, GNOG announced its entry into the Illinois gambling market in a joint venture with Danville Development, LLC and Wilmot Gaming Illinois, LLC to build a casino in Danville.
Illinois is an attractive market for online gambling; current estimates put its population as the sixth-largest in the United States. GNOG has plans to launch online sports betting services in Illinois and will do the same with online casino gaming if it becomes an option in the future.
