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Feels like with these spac founders, it’s always on to the next big thing or new spac in search of another unicorn once their merger is complete.
Being a Tillman spac and Tillman company merger made me think things would be different here. I guess not. He’s not saying diddly other than what his new spacs are looking towards. Frustrating. I guess the forward looking fundamentals will have to be the driver of GNOG vs the anticipation of the completed merger. There are more visible players in this space. He/they needs to get to marketing and grabbing some market share as more and more states come online. Poor investor relations and guidance sure doesn’t help, and the stock sitting still while the market continues its move higher makes this feel like dead money. Shorts must be in control for the time being.
That will happen if I sell too. Oh well, I’m long here so I just need to remember why I’ve been holding since early July. This will have its turn once the annual hits.
Someone has to be shorting this ... where all the sells coming from markets green
Right.... Tilman needs to fuckin speak up, their investor relations is nowhere to be found....patience is being tested severely here, I'm hoping things change for the better after 4th quarter results this week or next
This stock is nerve wracking ... but as soon as I sell , it will run to $30
PENN, DKNG & RSI have each put out their own press release announcing the Michigan launch. GNOG has not. We need a shareholder relations person spreading our good word.
Just announced, Michigan launch is this Friday, finally !
It was a hypothetical all-in, I have other positions as heavy as this one. I phrased it that way because I started my position with 800 shares at 12 and change and am now sitting at over 10k shares avg nineteen and change. I rarely avg up but saw a hyper growth opportunity here in an undervalued company with a billionaire backer already running the business model with real revenues and peer based fundamental comps vs getting lucky enough to enter ideological based spac/mergers that have no revenues yet surge 500 to 1000% shortly after their mergers complete. So I’d say luck has something to do with it.
For whatever reason, GNOG feels heavy at 20 since the merger.
My covered calls expired out of the money today. On Tuesday I’ll write some February calls. This can be an income machine.
Couple points.
1. That is not luck
2. You never have to go all in on any one SPAC. You can always diversify and spread the risk.
3. The game is not over yet
The short pressure here is large and options expire today. This is common with SPACs after mergers, so just hold tight it will get better after we shake out the low lifes.
Most SPAC’s I’m in are down considerably today, along with the overall market. We saw the other day what a price target PR can do here. I think once we get the annual, we should see more firms initiating coverage and a rise is share price.
Picked the wrong spac to go all-in on. Damn the luck.
Almost 30m in revs in December. 14% over last month. The growth here is huge. Original projection at investor presentation was 24m in the 4th qtr.
1st qtr in 2020 was 27m. 3 months. December 1 month 30m...WOW
December numbers released from New Jersey casinos.
Numbers look to be up over 300 percent over last year.
Should be fun tomorrow.
Brian
got my stimulus and since i cashed in bit coin to pay off my bills. I decided to cash in some aapl and re enter. fomo got the best of me.
I think it’s already built , sports about ..
Director of company seemed pretty stocked about it
That will come in time but for today, I’ll take a squeeze.
Sweet .. now le5s add some new states
There we go fellas. That’s more like it. A little coverage and some nice pin action today. Let’s rip.
First coverage initiated at $27
https://www.streetinsider.com/dr/news.php?id=17816152
Should see New Jersey numbers by the end of the week. They will be awesome. Expect we see mid 20's this week.
My guesses based on lots of dd.
Michigan live in a week...$$$$
PA live first half of 2021....they got license in 2018..takes forever because of type of license. Last PA license available.
West virginia first half of 2021.
Illinois will vote first half 2021 go live late 2021 or early 2022. Building casino which probably will be in 2022.
New sportsbets app to get in more states...maybe buy a provider instead of creating their own. (Think penn with barstool or fubotv today)
Overall that is a ton of growth when all you have right now is just jersey....good chance at 40-50$ this year.
Yep, new sports platform too.. ready for some big things here
$GNOG
Nice close Kush ...
Michigan this month , New York soon ....
Thanks. Appreciate it
Sports betting is available in many more states, not sure to be exact which ones
Wow. So I have been living under a rock then. How does it go for betting on sports? Same deal? How do draft kings and Penn make it?
Online gamblings only legal in NJ, PA, and soon to be Michigan
Not sure what you mean just asking a question
Lol, you been living under a rock or what
Just deposited money on the online gambling site. Does anyone else know you can only gamble with real money on this website if you live in New Jersey? No one else can play with real money. How will this company make money online if New Jersey is the only state you can online gamble?
Once the banks start putting price targets on her and institutions have their shares, this will play catch up, valuation wise, to others leading the online gaming space. Gotta believe Tillman has an inside track on being a leader in this market.
For my sake I hope not, but technically she’s not trading well, so who knows. Sometimes you wonder if the market sets it up this way to have the majority of the options expire and fail. There’s also the warrants that would be far less attractive to execute if the sp holds these levels for a considerable time.
I’m so loaded here further averaging down for me is risky, but if it gets to those levels, I might throw even more at it. It’s like weed to some degree. States need new revenue streams and legalizing gaming and weed seem like their best current options. The growth potential is tremendous if you’re a front runner.
Cheers.
Full year earnings by end of this month will start to get eyes, and analysts on this one. This one is a true test of patience but will pay off big imo..
$GNOG
If it gets down to 17 I may re enter.
Yeah this is a tough one. Good luck.
I’m going to try and see it thru. Not sure if the space is overcrowded or if their visibility is lagging with DraftKings, BetMGM, and Caesars so prominent. Regardless, seems like GNOG is undervalued here and there is far more room to the upside than down.
Sorry to see you go, good luck to you. I’m still willing to ride this out long term, so we will see what the future holds here.
Had to sell at a loss
Rough man. Hard to figure. I was up 40k on LCA at one point. Averaged up...now down over 10. Don’t get it.
Man this thing just won’t stop the slow bleed down... find support already!
Need a news/PR catalyst or some other help here....
Thank you so much for that information. Very insightful !
Maybe he I’d doing same crap trump did with his stock. Issuing himself more shares than selling them. Don’t believe google it. S.e.c. Changed way companies give earnings because of trump hotels.
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Shs Outstand | 31.63M
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Inst Own | 53.69% |
LT Debt/Eq NO DEBT | - |
HOUSTON, Aug. 18, 2020 /PRNewswire/ -- Golden Nugget Online Gaming, Inc. ("GNOG" or the "Company") reported selected financial results for the second quarter of 2020.
For the three months ended June 30, 2020, GNOG reported the following for its New Jersey operations:
"We are pleased with the continued strong revenue growth in New Jersey and our ongoing profitability." said Tilman J. Fertitta, GNOG's owner.
Thomas Winter, Senior Vice President and General Manager of GNOG stated, "Our second quarter beat our target, supported by record players activity and Average Revenue per User (ARPU).
Our online play has remained strong in July and into August, and we are confident that we will exceed our revenue and operating income forecast in New Jersey this year.
We look forward to expanding our operations to Pennsylvania and Michigan, where our licensing process is ongoing.
We are closely monitoring the legislative momentum in other states and, with the access to capital provided by the proposed transaction with Landcadia,
we will seek to expand our US online gaming business, wherever regulations provide for profitable growth opportunities."
On June 28, 2020 GNOG entered into a transaction agreement with Landcadia Holdings II, Inc. (Nasdaq: LCA), a special purpose acquisition company ("Landcadia")
whereby GNOG will become an indirect, wholly owned subsidiary of Landcadia, which will change its name to Golden Nugget Online Gaming, Inc.
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