The company will eventually re-adopt the Golden Nugget name and change its … Golden Nugget Online Gaming will join the public markets this week. Landcadia Holdings II, Inc. Completes Acquisition of Golden Nugget Online Gaming PR Newswire (US) - 12/29/2020 12:45:00 PM Current Report Filing (8-k) Edgar (US Regulatory) - 12/21/2020 9:18:35 AM Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 12/21/2020 9:13:23 AM Copyright © 2021 InvestorPlace Media, LLC. The potential upside in this name over the next decade is enormous. Golden Nugget Online Gaming is one of five leading players in New Jersey’s established iGaming market, with the other operators being DraftKings (super richly valued), FanDuel (private), MGM (part of a bigger casino operator) and Caesars (also part of a bigger casino operator). In New Jersey – which is home to America’s most established and mature online gambling market – iGaming revenues rose an astounding 40% from January to April 2020. A lot of those titles are also exclusive to Golden Nugget. Stock analysis for Golden Nugget Online Gaming Inc (LCAHU) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The Stench Emanating From Landcadia Holdings II Is Palpable. The excitement surrounding Landcadia Golden Nugget is because billionaire Tilman […] Digital casino company Golden Nugget Online Gaming (NASDAQ:GNOG) isn’t the … Because GNOG stock was already trading for the last 6 months, under a different ticker (LCA) and under a different name, Landcadia Holdings II. If that happens, LCA stock will soar over the next few years. For financial reporting, their fiscal year ends on December 31st. Stock analysis for Golden Nugget Online Gaming Inc (LCA) including stock price, stock chart, company news, key statistics, fundamentals and company profile. A Golden Nugget IPO Weighs on LCA Stock Bloomberg reported yesterday that Tilman Fertitta, the billionaire behind Golden Nugget Online Gaming, has been discussing an … Enter your email address to subscribe to Idaho Reporter and receive latest news by email. Transaction & Enterprise value of approximately $745 million. In June 2020, Lancadia Holdings II (LCA) announced a merger with Golden Nugget Online Gaming (GNOG) to potentially occur in the later end of the year. When Landcadia Holdings (NASDAQ: LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29, LCA stock took off like a rocket. All rights reserved. Upon the Closing of transaction, New GNOG will be organized in an umbrella partnership C-corporation, or“Up-C” structure, in which substantially all of the assets of New GNOG will be held indirectly through GNOG LLC. With LCA rocketing to $16, the deal now values Golden Nugget Online Gaming around 10x next year's estimated revenues with a market cap around $1.2 billion. Find real-time GNOG - Golden Nugget Online Gaming Inc stock quotes, company profile, news and forecasts from CNN Business. I go in-depth on my analysis of Golden Nugget Online Gaming stock, or currently LCA stock under Lancadia Holdings. All rights reserved. Golden Nugget’s customer satisfaction rating is 96% while inbound answer rates are 95% — and those two metrics are very important because in the iGaming world where consumers are betting real money on dynamic games, customer service is of utmost importance. Second, Golden Nugget has a content edge over peer online casino platforms. Of course, the bull thesis on LCA is that Golden Nugget will be able to leverage competitive advantages to sustain ~10% share of the iGaming market as that market booms and goes national in the 2020s, with the big upside potential coming the divergence between the market opportunity here ($100 billion) and Golden Nugget’s current market cap ($900 million, based on the LCA stock price today). Based on the LCA stock price today, Golden Nugget is being valued at just $900 million. Following the closing of the merger, Landcadia Holdings plans to change the name of the combined company to Golden Nugget Online Gaming and to change its ticker symbol to GNOG. As they do, the iGaming market will go from niche today… to enormously mainstream by 2030, fundamentally transforming what will one day be a $100 billion U.S. gambling market. GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings. Third, the company has a customer service edge. There Are Better Options in Streaming. Golden Nugget Online Gaming has four significant competitive advantages which should help this company sustain roughly 10% market share as the iGaming market scales and expands in the 2020s. On June 29th, news dropped about the newest and hottest SPAC investment to get into right now – Landcadia Golden Nugget. Golden Nugget Online Gaming Inc Cl A LCA Financial Services Landcadia Holdings II Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Tilman J.Fertitta is an American billionaire businessman and television personality and CEO of Fertitta Entertainment, Inc., which owns the restaurant business Landry’s, Inc., the Houston Rockets, and the Golden Nugget Hotel and Casinos. Click here to find out how. If you’re bullish on the iGaming revolution like me, then instead of chasing overbought and overvalued DKNG stock here and now, go out and take advantage of recent weakness in LCA. iGaming offers consumers an equally great experience as in-casino gambling, with superior convenience, access, and affordability (you can play a game of virtual poker or black jack, and win real money, by just sitting at your home and clicking a few buttons on your computer). Let’s start with the contract highlights then figure out why Golden Nugget Gaming is going public through a SPAC.. Key SPAC Transaction Terms. Much like the e-commerce and the streaming TV shifts, the 2020 shift to online gambling is a permanent acceleration into the future. LCA stock quote, chart and news. Upon the closing of this business deal, the Company will change its name to “Golden Nugget Online Gaming, Inc.” and will be referred to as “New GNOG”. https://investorplace.com › 2020 › 10 › why-lca-stock-could-rise-10x First, Golden Nugget has a branding advantage over sports-first platforms like DraftKings and FanDuel. That implies a U.S. iGaming market of $20 billion by 2030. If Golden Nugget controls ~10% of that market, that further implies $2 billion in gross gaming revenue by 2030. That is, consumer perception today is that DraftKings and FanDuel are places where you do daily fantasy sports and online sports betting. The Company's shares of Class A … InvestorPlace’s brand-new and highly controversial newsletter… is rocking the industry… delivering one breakthrough stock recommendation each and every trading day… delivered straight to your inbox. Get Golden Nugget Online Gaming, Inc.'s stock price today. Covid-19 changed the world in a lot of ways. 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