DraftKings to Acquire Golden Nugget Online Gaming in $1.56 Billion All-Stock Deal

August 9, 2021

DraftKings Inc. entered into a definitive agreement to acquire Golden Nugget Online Gaming, Inc. in an all-stock transaction with an implied equity value of approximately $1.56 billion. The deal is expected to close in the first quarter of 2022 and is designed to expand DraftKings’ multi-brand iGaming and sports betting reach by leveraging Golden Nugget’s brand, customer database, and technology capabilities.

Buyers
DraftKings Inc.
Targets
Golden Nugget Online Gaming, Inc.
Location
United States
Transaction Type
Buyout

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