By itself, that’s an attractive reason to buy LCA. Let’s start with the contract highlights then figure out why Golden Nugget Gaming is going public through a SPAC.. Key SPAC Transaction Terms. Thanks to these four compelling competitive advantages, it seems very likely that Golden Nugget will sustain ~10% share of the iGaming market for the foreseeable future. The company will eventually re-adopt the Golden Nugget name and change its … On June 29th, news dropped about the newest and hottest SPAC investment to get into right now – Landcadia Golden Nugget. 1125 N. Charles St, Baltimore, MD 21201. Enter your email address to subscribe to Idaho Reporter and receive latest news by email. But, at a $20 billion market cap, DraftKing stock now feels fully priced for enormous long-term success in disrupting the $80 billion U.S. gambling market, meaning that the best time to buy DKNG stock has already passed. 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). On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Copyright © There Are Better Options in Streaming. GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings. But it’s really just the tip of the iceberg when it comes to LCA stock, and in order to understand the full bull thesis here, we need to understand Golden Nugget Online Gaming’s history. The excitement surrounding Landcadia Golden Nugget is because billionaire Tilman […] A 17X multiple on $600 million in 2030 net profits implies a decade-end valuation for Golden Nugget of over $10 billion. He is simply suggesting the possibility. Their branding isn’t affiliated strongly with the iGaming market. InvestorPlace - 2 months ago. Based on the LCA stock price today, Golden Nugget is being valued at just $900 million. Landcadia Holdings (NASDAQ: LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29. But the thing is, if you are joining the party now, during GNOG IPO day, you might be late to the party. This IPO will follow DraftKings (DKNG) which went public several months ago with a lot success. If Golden Nugget continues to post those kinds of results, LCA stock is going to be a huge success once its merger closes, as it will receive additional funds … Although LCA stock has already moved up … LCA: Golden Nugget Online Gaming Inc: NASDAQ: LCAHU: stock Unknown / Not Listed: Golden Nugget Online Gaming Inc: NASDAQ: GNOGW: stock Listing Status: Golden Nugget Online Gaming Inc: NASDAQ: GNOG: stock Listing Status: Landcadia Holdings II Inc - Ordinary Shares - Class A: NASDAQ: LCA: symbol Landcadia Holdings II, Inc. LCA: S WTS LANDCADIA HOLDINGS II INC WARRANT: NSDQ: LCAHW: EQ: … Click here to find out how. 1125 N. Charles St, Baltimore, MD 21201. Stock analysis for Golden Nugget Online Gaming Inc (LCA) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Tilman J. Fertitta, one of LCA sponsors and their Co-Chairman and CEO, indirectly owns all of the equity interests in LF LLC, GNOG HoldCo and GNOG. Company Name: Golden Nugget Online Gaming Inc., Stock Symbol: GNOG, Industry: Gaming and Casinos, Total Posts: 1176, Last Post: 1/20/2021 10:06:35 PM 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 The … For financial reporting, their fiscal year ends on December 31st. It has grown at a fairly consistent 3% compounded annual growth rate since 2004. Why? 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. All rights reserved. LCA Stock Meets a Houston Household Name Sometimes a name can mean everything and in the case of Golden Nugget Online Gaming, the famous moniker dates back to … I think that’s totally doable — and if it happens, LCA could rise more than 10X. Today, the company operates exclusively in the New Jersey iGaming market, where it controls about 13% of the market, making it tied for the second largest iGaming platform in New Jersey. Golden Nugget Online Gambling (GNOG) stock is on a tear in 2020 with a 150% gain for the year as of December 29. Sure, online gambling is only actively legal in three states today – New Jersey, Pennsylvania, and Michigan. A 17X multiple on $600 million in 2030 net profits implies a decade-end valuation for Golden Nugget of over $10 billion. The deal was well received by investors, who have bid up LCA stock more than 100% since its announcement. The deal should close soon, despite some opposition from LCA stock … LCA merger with Golden Nugget approved, stock ticker changes to GNOG. Golden Nugget Online Gaming, Inc is primarely in the business of services-prepackaged software. 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. 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. Fourth, Golden Nugget has a business edge over everyone thanks to something called a “Live Dealer Studio” – which, as the name implies, enables virtual tables players to interact with a live dealer via visual and audio (the company has entire “ghost” casinos set up with just dealers, tables, and cameras). 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 $1.2 … Golden Nugget Online Gaming ($LCA To $GNOG) now has a date set to complete its merger with $GNOG! Find real-time GNOG - Golden Nugget Online Gaming Inc stock quotes, company profile, news and forecasts from CNN Business. Stock analysis for Golden Nugget Online Gaming Inc (LCAHU) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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. Perhaps most obviously, it accelerated the world’s shift into the modern digital era. Covid-19 changed the world in a lot of ways. This Online Gambling Stock … Golden Nugget (lca stock) | Rush Street (dmyt stock) | Update & AnalysisBoth stocks have been doing amazing in the last few days. LCA stock quote, chart and news. Golden Nugget Online Gaming, Inc. Class A Common Stock (GNOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Find real-time GNOG - Golden Nugget Online Gaming Inc stock quotes, company profile, news and forecasts from CNN Business. HOUSTON, Dec. 18, 2020 /PRNewswire/ -- Landcadia Holdings II, Inc. (the "Company") (Nasdaq: LCA), today announced at its special meeting of stockholders that it has received overwhelming support for the Golden Nugget Online Gaming business combination, with over 99% of the shares voted to date voting in favor of the proposed transaction. LANDCADIA HOLDI/SH CL A (NASDAQ: LCA) announced Monday that it is acquiring Golden Nugget Online Gaming, Inc. in a move to take Golden Nuggett's … Watched more Netflix shows. I go in-depth on my analysis of Golden Nugget Online Gaming stock, or currently LCA stock under Lancadia Holdings. Much like the e-commerce and the streaming TV shifts, the 2020 shift to online gambling is a permanent acceleration into the future. quotes delayed at least 15 minutes, all others at least 20 minutes. | AVOID SPAC Trading Beginners Mistake| Golden nugget Stock Trading Advice 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. Golden Nugget Online Gaming, Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. 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. Since then, DKNG stock rose as much as 83%. That math makes $600 million in net profits seem doable by 2030. Dive deeper with interactive charts and top stories of GOLDEN NUGGET ONLINE GAMING, INC.. It's a big reason not to buy LCA stock. Golden Nugget Online Gaming, Inc is primarely in the business of services-prepackaged software. 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. The math behind potential 10X gains in LCA isn’t hard to follow. A high-level overview of Golden Nugget Online Gaming, Inc. (GNOG) stock. Prior to that, LCA stock had stayed near the $10 level as the investing community awaited more information. LCA is one of the only pure plays on the iGaming sector and has huge growth potential. Golden Nugget has the biggest online casino in New Jersey with over $289.4 million in revenue so far ... LCA. The market’s five-year-average forward earnings multiple is right around 17X. For all the same reasons that Amazon is the future of shopping and Netflix is the future of media. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. I’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid-August that DraftKings (NASDAQ:DKNG) stock was a great buy to play this emerging megatrend. Landcadia Holdings (NASDAQ: LCA) is days away from finalizing its merger with Golden Nugget Casino. 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. 98.7% Accuracy to Date – Gains Up to 466.78%. You know what else we did more of during the pandemic? That implies a U.S. iGaming market of $20 billion by 2030. What you need to know about SPAC stock LCA Landcadia Holdings II trying to acquire Golden Nugget Online Gaming with a recent purchase agreement to IPO under stock GNOG. To that end, then, Golden Nugget Online Gaming is the only reasonably valued, public pure-play on the iGaming boom. The Company's shares of Class A … Golden Nugget has 870 casino titles on its platform, which is 130 more than anyone else in this space. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. 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. So, if you’re looking for an alternative yet still super explosive way to play the iGaming boom, forget DKNG stock and instead buy LCA stock. Because GNOG stock was already trading for the last 6 months, under a different ticker (LCA) and under a different name, Landcadia Holdings II. Subscribe To Me Here! At that time, LCA stock will cease to trade. NOthing wrong with ...", ""Bottom line: Until Lucid Motors management reveals further details, it’s difficult to say ...", "Robert Reed want people to sell their shares so the price go down ...", "Dont waste readers time by catchy headlines. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Golden Nugget Online Gaming, Inc. ("GNOG" or the "Company") reported selected financial results for the second quarter of 2020. Landcadia Holdings II, Inc. NASDAQ: LCA. Company Name: Golden Nugget Online Gaming Inc., Stock Symbol: GNOG, Industry: Gaming and Casinos, Total Posts: 1176, Last Post: 1/20/2021 10:06:35 PM If that happens, LCA stock will soar over the next few years. Golden Nugget is an early leader in the fast ... which means investors can buy the stock in anticipation of the deal ... and when it does, the trading symbol will change to "GNOG" from "LCA." Golden Nugget Online Gaming – or GNOG, for short – is a pure iGaming spin-off of that larger physical casino business. Landcadia Holdings II (NASDAQ: LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29. Stock analysis for Golden Nugget Online Gaming Inc (LCA) including stock price, stock chart, company news, key statistics, fundamentals and company profile. But with the overturning of PAPSA in 2018, growing consumer interest in online gambling, and physical casino shutdowns in 2020, there is ample and growing momentum across many states to legalize iGaming over the next few years. At least for now. 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. Landcadia Holdings II Inc. 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