Ex-SPAC combo doubles Golden Nugget money

Ex-SPAC combo doubles Golden Nugget money


Jason Robins, CEO of DraftKings, reacts after the company’s initial open substance (IPO) listing, right the Nasdaq MarketSite, in New royalty City, U.S., June 11, 2021. REUTERS/Shannon Stapleton



NEW YORK, Aug 10 (Reuters Breakingviews) – In June 2020, cards mogul Tilman Fertitta united to delude his Golden Nugget Online Gaming (GNOG.O) appurtenances to a special-purpose acquisition consort – also managed by him – for $314 meg in shares nonnegative $30 meg in cash. Now added ex-SPAC, $21 1000000000 digital sports and recreation consort DraftKings (DKNG.O), is comprehensive up the publically traded Golden Nugget for an justness continuance of around $1.6 billion, the companies said on Monday.


That is a payment of more than 50% to the target’s mart continuance on Friday. Fertitta’s recreation assemble today owns most 46% of Golden Nugget, so the metropolis Rockets owner’s share, payable in DraftKings stock, is worth around $700 million. That’s a accessible raise since meet over a assemblage ago.


That digit SPAC relation are combine is a reminder of the festinate of blank-check vehicles feature more that came to mart in past years. DraftKings’ forthcoming continuance hinges on boost easement and acceptation of online recreation in the United States. What’s more destined for today is that Fertitta knows how to attain his possess luck. (By Richard Beales)


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Editing by Evangelist Foley and Katrina Hamlin




Reuters Breakingviews is the world’s directive maker of agenda-setting playing insight. As the Reuters sort for playing commentary, we dissect the bounteous playing and scheme stories as they fortuity around the concern every day. A orbicular aggroup of most 30 correspondents in New York, London, Hong Kong and another field cities provides proficient psychotherapy in actual time.


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Ex-SPAC band doubles Golden Nugget money




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  • Wealth Jonas Brothers Bring ‘Take into accout This’ to the Tokyo Olympics Closing Ceremony
    by BLOGGER

    Wealth



    The 2021 Tokyo Olympics got here to an end on Sunday, and the Jonas Brothers purchased to be part of in on the closing ceremony occasion.
    The community’s anthemic “Take into accout This” modified into paired with a feel-correct montage of moments from the Olympics.
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    Wealth Jonas Brothers Bring ‘Take into accout This’ to the Tokyo Olympics Closing Ceremony first appeared on BUSINESS WEALTH TRADE NEWS.





Ex-SPAC combo doubles Golden Nugget money

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