- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
DraftKings Completes GNOG Acquisition, Talks Synergies

DraftKings has finished the week with the acquisition of the Golden Nugget Online Gaming (GNOG), previously owned by Tilman Fertitta. This move represents an important milestone for the company which continues to invest heavily in its full-stack igaming and betting technology platform.
Fears of Deal Falling Through Proved Unnecessary
The deal was originally announced back in August and had an askance price of $1.56 billion based on the stock price at the time. While the first weeks shortly after the deal was announced remained strong for gambling and online gaming stocks, the months that followed saw a subdued performance, partly attributed to the return of normal casino operations and depletion of demand for online gaming.
Even more importantly, the deal was announced at a trading price of $12 but the stock has since fallen to a $5.78 closing price on May 4, which means that shareholders are receiving much less for their agreement to see the acquisition through.
This is good news for DraftKings, though, as the company would save some money while at the same time acquiring a valuable asset. The company already confirmed that it expects at least $300 million in cost efficiencies. An official statement by DraftKings further shed light on what synergies will be achieved.
It’s through the addition of the Golden Nugget Online Gaming’s technology that will be integrated with DraftKings’ own development proposition that those would be realized. There is more, as DraftKings feels confident that marketing efficiencies and reducing platform costs will all come together and yield better overall performance for the company.
Combining the Power of Online Gaming and Betting
DraftKings and GNOG make a perfect match as both companies specialize in their respective area of expertise. While they are both capable of delivering on sports and igaming solutions, DraftKings excels in sports gambling and GNOG has worked long and hard to establish a notable presence in online gaming.
The company will now be able to strengthen its cross and multi-platform offer and deliver to gamers in the United States a more comprehensive experience housed under the same roof. It’s unlikely for DraftKings to try and rebrand GNOG, though as the company may want the association with the Golden Nugget Casinos commercial casinos that are still owned by Tilman Fertitta.
This could enable DraftKings to secure an entry into Las Vegas with the companies confirming that some of the GNOG sportsbooks will be rebranded as DraftKings, hoping to attract even more customers on-site. Even though the closing stock price was much lower than the anticipated one, Fertitta remains optimistic about the long-term implications of this partnership.
As one of the largest investors in DraftKings, the future for the sports gambling and igaming business is looking up.
Related Topics:
Although Fiona doesn't have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at Gambling News is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.
Must Read
Business
August 29, 2025
CMA to Investigate Sportradar’s Merger with IMG Arena
Business
August 28, 2025
KKCG Offloads 4.27% Allwyn Stake
Business
September 2, 2025
Pine Sports and SharpSports Merge to Reach Greater Heights
More Articles
Sports
September 3, 2025
Paddy Power Teams Up with the NFL in the UK and Ireland
Sports
September 3, 2025
Watchdogs Align Ad Rules for UK and Foreign Gambling Companies
Casino
September 3, 2025
MGCB Orders More Illegal Gambling Sites Shut Down
Sports
September 3, 2025
2025 Enjoy Illinois 300 NASCAR Odds, Time, and Prediction
Casino
September 3, 2025
Dutch Gambling Licences to Require Operator Exit Plans
Industry
September 3, 2025
Lucrative Labour Day Weekend for Virgin Hotels Slot Player
Industry
September 3, 2025
America Sees Sharp Drop in Foreign Tourists in 2025
Industry
September 3, 2025
Illinois Bettors See New Fees as Sportsbooks React to Tax Law
Industry
September 2, 2025
Crypto.com to Power Underdog’s Prediction Markets Foray
Industry
September 2, 2025
California Inches Closer to Banning Sweepstakes as AB 831 Advances
Sports
September 2, 2025
Diego Lopes vs. Jean Silva Noche UFC 3 Odds, Time, and Prediction
Industry
September 2, 2025
Norsk Tipping Faces Penalty Due to Long-Running Lottery Mistake