DONE DEAL
Fertitta's Golden Nugget online gaming casino officially sold to major sports company
May 6, 2022, 12:10 pm
DONE DEAL
The acquisition of Tilman Feritta’s Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) by digital sports entertainment and gaming company DraftKings Inc. (Nasdaq: DKNG) is complete.
DraftKings announced that it has completed the acquisition, worth at approximately $1.6 billion (dubbed the “GNOG Acquisition”) on Thursday, May 5.
“This will be an alliance unlike any other in the digital sports, entertainment and online gaming industry,” Fertitta said in a statement . “Now that the acquisition is completed, I look forward to what the future will bring for our combined company and am confident this relationship will be a huge success.”
DraftKings notes in a press release that this GNOG Acquisition will allow the company to leverage Golden Nugget’s established brand to “broaden its reach into new customer segments and enhance the combined company’s iGaming product offerings through DraftKings’ vertically integrated tech stack and Golden Nugget Online Gaming’s unique capabilities – including Live Dealer.”
Notably, the GNOG Acquisition will not include brick and mortar Golden Nugget casinos; Fertitta will maintain ownership of those entities.
The GNOG Acquisition will deliver “significant” benefits to DraftKings, as well as expected savings of $300 million, a release notes. The company aims to deploy a multi-brand approach meant to enhance cross-selling opportunities and drive increased revenue.
Additionally, DraftKings and Fertitta Entertainment expect to rebrand some current and future retail sportsbook locations at Fertitta Entertainment-owned Golden Nugget properties into DraftKings sportsbooks.
As CultureMap previously reported, DraftKings' agreement with Fertitta Entertainment will provide...continue on CultureMap.
Oswald Peraza hit a two-run single in the ninth inning to help the Los Angeles Angels snap a three-game losing skid by beating the Houston Astros 4-1 on Saturday night.
Peraza entered the game as a defensive replacement in the seventh inning and hit a bases-loaded fly ball to deep right field that eluded the outstretched glove of Cam Smith. It was the fourth straight hit off Astros closer Bryan Abreu (3-4), who had not allowed a run in his previous 12 appearances.
The Angels third run of the ninth inning scored when Mike Trout walked with the bases loaded.
Kyle Hendricks allowed one run while scattering seven hits over six innings. He held the Astros to 1 for 8 with runners in scoring position, the one hit coming on Jesús Sánchez’s third-inning infield single that scored Jeremy Peña.
Reid Detmers worked around a leadoff walk to keep the Astros scoreless in the seventh, and José Fermin (3-2) retired the side in order in the eighth before Kenley Jansen worked a scoreless ninth to earn his 24th save.
Houston’s Spencer Arrighetti struck out a season-high eight batters over 6 1/3 innings. The only hit he allowed was Zach Neto’s third-inning solo home run.
Yordan Alvarez had two hits for the Astros, who remained three games ahead of Seattle for first place in the AL West.
Peraza’s two-run single to deep right field that broke a 1-1 tie in the ninth.
Opponents were 5 for 44 against Abreu in August before he allowed four straight hits in the ninth.
Astros RHP Hunter Brown (10-6, 2.37 ERA) faces RHP José Soriano (9-9, 3.85) when the series continues Sunday.